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Financials

MB200154277
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Gas Monkey Ice House

4545 DESTINATION DR, The Colony, TX 75056 · TABC MB200154277

Mixed Beverage The Colony Market Enriched 2026-05-24
$2,030,624 Annual gross (L12M) ▼ 15.2% latest MoM Click for monthly detail
$169,219 Avg monthly ▼ 1.3% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $499,454/yr est. net Click for cost model
$1,249k–$1,748k Est. acquisition range 0.74× 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 Icehouse, liquor is typically only 90–98% of total business revenue. Beer-led, minimal food. Estimated total revenue (rough): $2,072,065 – $2,256,249/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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Gas Monkey Ice House is a mixed-beverage licensed establishment at 4545 DESTINATION DR, The Colony, Texas (TABC MB200154277). Over the most recent 12 months it reported $2,030,624 in gross alcohol sales, averaging $169,219/month with a best month of $218,125. Sales mix: ~47% liquor · 50% beer · 3% wine. The building at this address is owned by LMG VENTURES LLC (14,960 sqft, $3,946,538 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $499,454 (~25% margin). Acquisition value is estimated at $1,249k–$1,748k 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
$2,030,624
Avg monthly
$169,219
Best month
$218,125
Aug 2025
Sales mix
47% Liq
50% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID957992
Property owner (landlord)LMG VENTURES LLC
Total building SF14,960
Assessed value$3,946,538

Gas Monkey Ice House's share

Est. base rent ~$32/sqft/yr · 7,500 sqft · Class A $19,785/mo
NNN CAM / insurance$2,968/mo
NNN property tax$3,618/mo
Personal property tax est — no BPP record $372/mo
Total occupancy $26,743/mo

Occupancy analysis

All-in occupancy cost is 15.8% of gross revenue. Industry benchmark for healthy bars is 6–10%; 12–15% is typical for premium submarkets; above 18% is unsustainable without very strong margins elsewhere.

Profit scenarios

Texas bar cost model applied to $2,030,624 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~34%
Revenue$2,030,624
COGS (24%)−$487,350
Labor (14%)−$284,287
Occupancy−$288,827
TX MB gross tax (6.7%)−$136,052
Utilities / ins / mktg (8%)−$162,450
Card surcharge net+$22,337
Net profit $693,995
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$2,030,624
COGS (27%)−$548,268
Labor (17%)−$345,206
Occupancy−$320,919
TX MB gross tax (6.7%)−$136,052
Utilities / ins / mktg (10%)−$203,062
Card surcharge net+$22,337
Net profit $499,454
Stressed
Heavy food, larger crew, higher rent
~13%
Revenue$2,030,624
COGS (30%)−$609,187
Labor (22%)−$446,737
Occupancy−$353,010
TX MB gross tax (6.7%)−$136,052
Utilities / ins / mktg (12%)−$243,675
Card surcharge net+$22,337
Net profit $264,299
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 Gmbg1 Oc LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $499,454/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 (~$499,454 net) estimated

Revenue multiple
$1.02M–$1.62M
0.5–0.8× gross
SDE multiple
$1.25M–$1.75M
2.5–3.5× earnings
Cap rate
$1.51M–$2.00M
25–33%
Suggested range
$1,249k–$1,748k
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.

Federal court history

Public records · last checked 2026-06-02

Lookup pending — check back tomorrow

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