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MB200156629
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Spindletap

7800 AIRPORT BLVD STE HOUF-18, Houston, TX 77061 · TABC MB200156629

Mixed Beverage Houston Market Enriched 2026-06-18
$909,140 Annual gross (L12M) ▼ 27.1% latest MoM Click for monthly detail
$90,914 Avg monthly ▼ 18.6% latest vs avg Click for monthly detail
~30% Est. net margin (likely) $268,247/yr est. net Click for cost model
$671k–$909k Est. acquisition range 0.87× 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 Beer Bar, liquor is typically only 90–98% of total business revenue. Beer-only, minimal food. Estimated total revenue (rough): $927,694 – $1,010,156/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

Spindletap is a mixed-beverage licensed establishment at 7800 AIRPORT BLVD STE HOUF-18, Houston, Texas (TABC MB200156629). Over the most recent 12 months it reported $909,140 in gross alcohol sales, averaging $90,914/month with a best month of $132,761. Sales mix: ~51% liquor · 34% beer · 15% wine. The building at this address is owned by SAVS LP (30,434 sqft, $6,059,489 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $268,247 (~30% margin). Acquisition value is estimated at $671k–$909k 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
$909,140
Avg monthly
$90,914
Best month
$132,761
Oct 2025
Sales mix
51% Liq
34% Beer · 15% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0470350000005
Property owner (landlord)SAVS LP
Total building SF whole parcel — Spindletap is in STE HOUF-1830,434
Spindletap's footprint estimated — suite-level not on file 3,500 sf
Assessed value$6,059,489

Spindletap's share

Est. base rent ~$20/sqft/yr · 3,500 sqft · Class B $5,807/mo
NNN CAM / insurance$871/mo
NNN property tax$1,394/mo
Personal property tax est — no BPP record $182/mo
Total occupancy $8,254/mo

Occupancy analysis

All-in occupancy cost is 10.9% 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 $909,140 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$909,140
COGS (24%)−$218,194
Labor (14%)−$127,280
Occupancy−$89,141
TX MB gross tax (6.7%)−$60,912
Utilities / ins / mktg (8%)−$72,731
Card surcharge net+$10,001
Net profit $350,883
Most Likely
Typical bar, light food program, full two-shift staffing
~30%
Revenue$909,140
COGS (27%)−$245,468
Labor (17%)−$154,554
Occupancy−$99,045
TX MB gross tax (6.7%)−$60,912
Utilities / ins / mktg (10%)−$90,914
Card surcharge net+$10,001
Net profit $268,247
Stressed
Heavy food, larger crew, higher rent
~18%
Revenue$909,140
COGS (30%)−$272,742
Labor (22%)−$200,011
Occupancy−$108,950
TX MB gross tax (6.7%)−$60,912
Utilities / ins / mktg (12%)−$109,097
Card surcharge net+$10,001
Net profit $167,429
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 Areas Hou Jv LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $268,247/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 (~$268,247 net) estimated

Revenue multiple
$455k–$727k
0.5–0.8× gross
SDE multiple
$671k–$939k
2.5–3.5× earnings
Cap rate
$813k–$1.07M
25–33%
Suggested range
$671k–$909k
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 2026-05-22

Lookup pending — check back tomorrow

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