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Financials

MB226473
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Swift + Company

2137 W ALABAMA ST, Houston, TX 77098 · TABC MB226473

Mixed Beverage Houston Market Enriched 2026-07-12
$341,845 Annual gross (L12M) ▼ 36.1% latest MoM Click for monthly detail
$28,487 Avg monthly ▲ 21.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $76,573/yr est. net Click for cost model
$191k–$268k 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): $341,845 – $379,828/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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Swift + Company is a mixed-beverage licensed establishment at 2137 W ALABAMA ST, Houston, Texas (TABC MB226473). Over the most recent 12 months it reported $341,845 in gross alcohol sales, averaging $28,487/month with a best month of $62,021. Sales mix: ~54% liquor · 7% beer · 39% wine. The building at this address is owned by AP SHEPHERD STREET HOUSTON LLC (6,919 sqft, $5,636,314 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $76,573 (~22% margin). Acquisition value is estimated at $191k–$268k 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
$341,845
Avg monthly
$28,487
Best month
$62,021
Nov 2025
Sales mix
54% Liq
7% Beer · 39% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1354990010002
Property owner (landlord)AP SHEPHERD STREET HOUSTON LLC
Total building SF6,919
Assessed value$5,636,314

Swift + Company's share

Est. base rent ~$4/sqft/yr · 2,500 sqft · Class A $830/mo
NNN CAM / insurance$125/mo
NNN property tax$4,073/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $5,128/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 $341,845 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$341,845
COGS (24%)−$82,043
Labor (14%)−$47,858
Occupancy−$55,379
TX MB gross tax (6.7%)−$22,904
Utilities / ins / mktg (8%)−$27,348
Card surcharge net+$3,760
Net profit $110,074
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$341,845
COGS (27%)−$92,298
Labor (17%)−$58,114
Occupancy−$61,532
TX MB gross tax (6.7%)−$22,904
Utilities / ins / mktg (10%)−$34,184
Card surcharge net+$3,760
Net profit $76,573
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$341,845
COGS (30%)−$102,554
Labor (22%)−$75,206
Occupancy−$67,685
TX MB gross tax (6.7%)−$22,904
Utilities / ins / mktg (12%)−$41,021
Card surcharge net+$3,760
Net profit $36,236
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 Swift Events LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $76,573/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 (~$76,573 net) estimated

Revenue multiple
$171k–$273k
0.5–0.8× gross
SDE multiple
$191k–$268k
2.5–3.5× earnings
Cap rate
$232k–$306k
25–33%
Suggested range
$191k–$268k
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 2026-07-10

No federal lawsuits — past or pending