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Financials

MB200162583
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Cheveland

411 UNIVERSITY AVE STE 100, Lubbock, TX 79401 · TABC MB200162583

Mixed Beverage Lubbock Market Enriched 2026-09-07
$456,096 Annual gross (L12M) ▼ 10.7% latest MoM Click for monthly detail
$57,012 Avg monthly ▼ 6.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $128,039/yr est. net Click for cost model
$320k–$448k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $456,096 – $506,773/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

Cheveland is a mixed-beverage licensed establishment at 411 UNIVERSITY AVE STE 100, Lubbock, Texas (TABC MB200162583). Over the most recent 12 months it reported $456,096 in gross alcohol sales, averaging $57,012/month with a best month of $80,695. Sales mix: ~58% liquor · 42% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $128,039 (~28% margin). Acquisition value is estimated at $320k–$448k 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
$456,096
Avg monthly
$57,012
Best month
$80,695
Apr 2026
Sales mix
58% Liq
42% Beer · 0% 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)$3,991/mo
NNN CAM / insurance$599/mo
Total occupancy$4,685/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 $456,096 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$456,096
COGS (24%)−$109,463
Labor (14%)−$63,853
Occupancy−$50,601
TX MB gross tax (6.7%)−$30,558
Utilities / ins / mktg (8%)−$36,488
Card surcharge net+$5,017
Net profit $170,149
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$456,096
COGS (27%)−$123,146
Labor (17%)−$77,536
Occupancy−$56,224
TX MB gross tax (6.7%)−$30,558
Utilities / ins / mktg (10%)−$45,610
Card surcharge net+$5,017
Net profit $128,039
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$456,096
COGS (30%)−$136,829
Labor (22%)−$100,341
Occupancy−$61,846
TX MB gross tax (6.7%)−$30,558
Utilities / ins / mktg (12%)−$54,732
Card surcharge net+$5,017
Net profit $76,807
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 Jcm Tx LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $128,039/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 (~$128,039 net) estimated

Revenue multiple
$228k–$365k
0.5–0.8× gross
SDE multiple
$320k–$448k
2.5–3.5× earnings
Cap rate
$388k–$512k
25–33%
Suggested range
$320k–$448k
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 2026-09-13

No federal lawsuits — past or pending