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MB200178884
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The Monarch San Antonio

222 S ALAMO ST, San Antonio, TX 78205 · TABC MB200178884

Mixed Beverage San Antonio Market Enriched 2026-08-29
$410,754 Annual gross (L12M) ▲ 1834.0% latest MoM Click for monthly detail
$82,151 Avg monthly ▲ 314.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $92,009/yr est. net Click for cost model
$230k–$322k Est. acquisition range 0.67× 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): $410,754 – $456,393/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 Monarch San Antonio is a mixed-beverage licensed establishment at 222 S ALAMO ST, San Antonio, Texas (TABC MB200178884). Over the most recent 12 months it reported $410,754 in gross alcohol sales, averaging $82,151/month with a best month of $340,569. Sales mix: ~59% liquor · 15% beer · 26% wine. The building at this address is owned by CITY OF SAN ANTONIO $85,834,440 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $92,009 (~22% margin). Acquisition value is estimated at $230k–$322k 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
$410,754
Avg monthly
$82,151
Best month
$340,569
Jul 2026
Sales mix
59% Liq
15% Beer · 26% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1365483
Property owner (landlord)CITY OF SAN ANTONIO
Assessed value$85,834,440

The Monarch San Antonio's share

Est. base rent ~$20/sqft/yr · 2,500 sqft · Class A $4,233/mo
NNN CAM / insurance$635/mo
NNN property tax$1,198/mo
Personal property tax est — no BPP record $96/mo
Total occupancy $6,161/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 $410,754 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$410,754
COGS (24%)−$98,581
Labor (14%)−$57,506
Occupancy−$66,542
TX MB gross tax (6.7%)−$27,521
Utilities / ins / mktg (8%)−$32,860
Card surcharge net+$4,518
Net profit $132,263
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$410,754
COGS (27%)−$110,904
Labor (17%)−$69,828
Occupancy−$73,936
TX MB gross tax (6.7%)−$27,521
Utilities / ins / mktg (10%)−$41,075
Card surcharge net+$4,518
Net profit $92,009
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$410,754
COGS (30%)−$123,226
Labor (22%)−$90,366
Occupancy−$81,329
TX MB gross tax (6.7%)−$27,521
Utilities / ins / mktg (12%)−$49,290
Card surcharge net+$4,518
Net profit $43,540
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 Downtown Park Corte Real LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $92,009/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 (~$92,009 net) estimated

Revenue multiple
$205k–$329k
0.5–0.8× gross
SDE multiple
$230k–$322k
2.5–3.5× earnings
Cap rate
$279k–$368k
25–33%
Suggested range
$230k–$322k
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 2026-08-29

No federal lawsuits — past or pending