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MB200186865
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Maxwell Municipal Golf Course

1002 S 32ND ST, Abilene, TX 79602 · TABC MB200186865

Mixed Beverage Abilene Market Enriched 2026-09-11
$131,940 Annual gross (L12M) ▼ 5.8% latest MoM Click for monthly detail
$26,388 Avg monthly ▲ 3.3% latest vs avg Click for monthly detail
~27% Est. net margin (likely) $36,222/yr est. net Click for cost model
$91k–$127k Est. acquisition range 0.82× 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): $131,940 – $146,600/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

Maxwell Municipal Golf Course is a mixed-beverage licensed establishment at 1002 S 32ND ST, Abilene, Texas (TABC MB200186865). Over the most recent 12 months it reported $131,940 in gross alcohol sales, averaging $26,388/month with a best month of $33,839. Sales mix: ~29% liquor · 71% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $36,222 (~27% margin). Acquisition value is estimated at $91k–$127k 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
$131,940
Avg monthly
$26,388
Best month
$33,839
May 2026
Sales mix
29% Liq
71% 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)$1,154/mo
NNN CAM / insurance$173/mo
Total occupancy$1,423/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 $131,940 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$131,940
COGS (24%)−$31,666
Labor (14%)−$18,472
Occupancy−$15,374
TX MB gross tax (6.7%)−$8,840
Utilities / ins / mktg (8%)−$10,555
Card surcharge net+$1,451
Net profit $48,485
Most Likely
Typical bar, light food program, full two-shift staffing
~27%
Revenue$131,940
COGS (27%)−$35,624
Labor (17%)−$22,430
Occupancy−$17,082
TX MB gross tax (6.7%)−$8,840
Utilities / ins / mktg (10%)−$13,194
Card surcharge net+$1,451
Net profit $36,222
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$131,940
COGS (30%)−$39,582
Labor (22%)−$29,027
Occupancy−$18,790
TX MB gross tax (6.7%)−$8,840
Utilities / ins / mktg (12%)−$15,833
Card surcharge net+$1,451
Net profit $21,320
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 Lone Star Golf Course Management LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $36,222/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 (~$36,222 net) estimated

Revenue multiple
$66k–$106k
0.5–0.8× gross
SDE multiple
$91k–$127k
2.5–3.5× earnings
Cap rate
$110k–$145k
25–33%
Suggested range
$91k–$127k
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 2026-08-21

Lookup pending — check back tomorrow

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