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Financials

MB217344
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Quarterdeck

500 PADRE BLVD, South Padre Island, TX 78597 · TABC MB217344

Mixed Beverage South Padre Island Market Enriched 2026-05-24
$2,061,278 Annual gross (L12M) ▼ 32.4% latest MoM Click for monthly detail
$171,773 Avg monthly ▼ 8.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $579,116/yr est. net Click for cost model
$1,448k–$2,027k 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): $2,061,278 – $2,290,309/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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Quarterdeck is a mixed-beverage licensed establishment at 500 PADRE BLVD, South Padre Island, Texas (TABC MB217344). Over the most recent 12 months it reported $2,061,278 in gross alcohol sales, averaging $171,773/month with a best month of $244,141. Sales mix: ~65% liquor · 30% beer · 6% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $579,116 (~28% margin). Acquisition value is estimated at $1,448k–$2,027k 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
$2,061,278
Avg monthly
$171,773
Best month
$244,141
Jul 2025
Sales mix
65% Liq
30% Beer · 6% 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)$18,036/mo
NNN CAM / insurance$2,705/mo
Total occupancy$21,137/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 $2,061,278 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$2,061,278
COGS (24%)−$494,707
Labor (14%)−$288,579
Occupancy−$228,276
TX MB gross tax (6.7%)−$138,106
Utilities / ins / mktg (8%)−$164,902
Card surcharge net+$22,674
Net profit $769,382
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$2,061,278
COGS (27%)−$556,545
Labor (17%)−$350,417
Occupancy−$253,640
TX MB gross tax (6.7%)−$138,106
Utilities / ins / mktg (10%)−$206,128
Card surcharge net+$22,674
Net profit $579,116
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$2,061,278
COGS (30%)−$618,383
Labor (22%)−$453,481
Occupancy−$279,004
TX MB gross tax (6.7%)−$138,106
Utilities / ins / mktg (12%)−$247,353
Card surcharge net+$22,674
Net profit $347,624
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 Spi Management CO looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $579,116/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 (~$579,116 net) estimated

Revenue multiple
$1.03M–$1.65M
0.5–0.8× gross
SDE multiple
$1.45M–$2.03M
2.5–3.5× earnings
Cap rate
$1.75M–$2.32M
25–33%
Suggested range
$1,448k–$2,027k
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 2026-06-02

Lookup pending — check back tomorrow

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