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Financials

MB200167095
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The Wine Bar At King William

1420 S ALAMO ST # C-102, San Antonio, TX 78210 · TABC MB200167095

Mixed Beverage San Antonio Market Enriched 2026-07-12
$214,014 Annual gross (L12M) ▲ 47.1% latest MoM Click for monthly detail
$26,752 Avg monthly ▲ 74.7% latest vs avg Click for monthly detail
~21% Est. net margin (likely) $45,739/yr est. net Click for cost model
$114k–$160k Est. acquisition range 0.64× 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 Wine Bar, liquor is typically only 80–95% of total business revenue. Wine + spirits dominant. Estimated total revenue (rough): $225,278 – $267,518/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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The Wine Bar At King William is a mixed-beverage licensed establishment at 1420 S ALAMO ST # C-102, San Antonio, Texas (TABC MB200167095). Over the most recent 12 months it reported $214,014 in gross alcohol sales, averaging $26,752/month with a best month of $46,740. Sales mix: ~27% liquor · 0% beer · 72% wine. The building at this address is owned by BERLEE LUMBER COMPANY (15,006 sqft, $7,300,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $45,739 (~21% margin). Acquisition value is estimated at $114k–$160k 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
$214,014
Avg monthly
$26,752
Best month
$46,740
May 2026
Sales mix
27% Liq
0% Beer · 72% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID100183
Property owner (landlord)BERLEE LUMBER COMPANY
Total building SF15,006
Assessed value$7,300,000

The Wine Bar At King William's share

Est. base rent ~$3/sqft/yr · 2,500 sqft · Class A $721/mo
NNN CAM / insurance$108/mo
NNN property tax$2,331/mo
Personal property tax own fixtures · Prop 1455285 $51/mo
Total occupancy $3,210/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $214,014 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~31%
Revenue$214,014
COGS (24%)−$51,363
Labor (14%)−$29,962
Occupancy−$34,670
TX MB gross tax (6.7%)−$14,339
Utilities / ins / mktg (8%)−$17,121
Music licensingASCAP + BMI + SESAC + GMR combined−$2,200
Card surcharge net+$2,354
Net profit $66,713
Most Likely
Typical bar, light food program, full two-shift staffing
~21%
Revenue$214,014
COGS (27%)−$57,784
Labor (17%)−$36,382
Occupancy−$38,523
TX MB gross tax (6.7%)−$14,339
Utilities / ins / mktg (10%)−$21,401
Music licensingASCAP + BMI + SESAC + GMR combined−$2,200
Card surcharge net+$2,354
Net profit $45,739
Stressed
Heavy food, larger crew, higher rent
~10%
Revenue$214,014
COGS (30%)−$64,204
Labor (22%)−$47,083
Occupancy−$42,375
TX MB gross tax (6.7%)−$14,339
Utilities / ins / mktg (12%)−$25,682
Music licensingASCAP + BMI + SESAC + GMR combined−$2,200
Card surcharge net+$2,354
Net profit $20,485
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 Greenstone Premium INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $45,739/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 (~$45,739 net) estimated

Revenue multiple
$107k–$171k
0.5–0.8× gross
SDE multiple
$114k–$160k
2.5–3.5× earnings
Cap rate
$139k–$183k
25–33%
Suggested range
$114k–$160k
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 2026-07-09

No federal lawsuits — past or pending