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Financials

MB200126401
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Joe's Crab Shack

3502 SEAWALL BLVD, Galveston, TX 77550 · TABC MB200126401

Mixed Beverage Galveston Market Enriched 2026-07-12
$468,585 Annual gross (L12M) ▲ 58.5% latest MoM Click for monthly detail
$39,049 Avg monthly ▲ 34.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $131,577/yr est. net Click for cost model
$329k–$461k Est. acquisition range 0.84× annual gross (blended) Click for valuation methods
Liquor sales only — total revenue is higher
Every dollar on this page comes from Mixed Beverage Gross Receipts filings — the alcohol portion of total sales. For a Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $1,041,300 – $1,874,340/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Joe's Crab Shack is a mixed-beverage licensed establishment at 3502 SEAWALL BLVD, Galveston, Texas (TABC MB200126401). Over the most recent 12 months it reported $468,585 in gross alcohol sales, averaging $39,049/month with a best month of $71,037. Sales mix: ~68% liquor · 29% beer · 3% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $131,577 (~28% margin). Acquisition value is estimated at $329k–$461k across revenue-multiple, SDE-multiple, and cap-rate methods. All revenue figures are gross mixed-beverage receipts as filed with the Texas Comptroller; they exclude cash income such as cover charges, game machines, or merchandise.

Sales performance · last 12 months

Texas Comptroller mixed-beverage gross receipts actual

Annual gross
$468,585
Avg monthly
$39,049
Best month
$71,037
Jul 2025
Sales mix
68% Liq
29% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$4,100/mo
NNN CAM / insurance$615/mo
Total occupancy$4,811/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $468,585 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$468,585
COGS (24%)−$112,460
Labor (14%)−$65,602
Occupancy−$51,958
TX MB gross tax (6.7%)−$31,395
Utilities / ins / mktg (8%)−$37,487
Card surcharge net+$5,154
Net profit $174,837
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$468,585
COGS (27%)−$126,518
Labor (17%)−$79,659
Occupancy−$57,732
TX MB gross tax (6.7%)−$31,395
Utilities / ins / mktg (10%)−$46,858
Card surcharge net+$5,154
Net profit $131,577
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$468,585
COGS (30%)−$140,576
Labor (22%)−$103,089
Occupancy−$63,505
TX MB gross tax (6.7%)−$31,395
Utilities / ins / mktg (12%)−$56,230
Card surcharge net+$5,154
Net profit $78,945
Disclaimer: Revenue is mixed-beverage gross receipts from the Texas Comptroller — it does not include cash income like door charges, game machines, merchandise, or event rentals (which can add 10–25% for nightclubs). Cost ratios are industry benchmarks for Texas MB-permit bars. Rent is estimated from submarket comps; property tax is from county public records pro-rated by square footage. Actual profit depends on lease terms, staffing, owner salary, and one-time costs.

Owner income estimator

Split likely net profit across ownership estimated

TABC licensee Usf Unlimited LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $131,577/year. Actual owner income depends on salary draws, distributions, debt service, and tax structure. Consult an accountant for actual income projections.

Acquisition value estimate

Based on most-likely scenario (~$131,577 net) estimated

Revenue multiple
$234k–$375k
0.5–0.8× gross
SDE multiple
$329k–$461k
2.5–3.5× earnings
Cap rate
$399k–$526k
25–33%
Suggested range
$329k–$461k
blended estimate
The numbers above are liquor-only: bar-style multiples applied to mixed-beverage receipts. They're the right answer for a pure bar/lounge — but for a restaurant, this is just one slice of total enterprise value (the bar program). See the food-business estimate below.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $1,041,300–$1,874,340/yr in total revenue (your liquor portion of $468,585 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$1,041k–$1,874k
food + liquor + service
Estimated net (10–15%)
$104k–$281k
restaurant margin
Full-business value
$286k–$1,031k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-06-08

Lookup pending — check back tomorrow

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