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Financials

MB226565
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Truluck's Seafood Steak And Crab

5350 WESTHEIMER RD, Houston, TX 77056 · TABC MB226565

Mixed Beverage Houston Market Enriched 2026-05-24
$1,885,046 Annual gross (L12M) ▲ 9.4% latest MoM Click for monthly detail
$157,087 Avg monthly ▲ 7.0% latest vs avg Click for monthly detail
~27% Est. net margin (likely) $512,272/yr est. net Click for cost model
$1,281k–$1,793k 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $4,188,991 – $7,540,184/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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Truluck's Seafood Steak And Crab is a mixed-beverage licensed establishment at 5350 WESTHEIMER RD, Houston, Texas (TABC MB226565). Over the most recent 12 months it reported $1,885,046 in gross alcohol sales, averaging $157,087/month with a best month of $243,866. Sales mix: ~48% liquor · 2% beer · 50% wine. The building at this address is owned by REDUS DHG LLC (119,685 sqft, $36,165,874 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $512,272 (~27% margin). Acquisition value is estimated at $1,281k–$1,793k 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
$1,885,046
Avg monthly
$157,087
Best month
$243,866
Dec 2025
Sales mix
48% Liq
2% Beer · 50% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1168840000003
Property owner (landlord)REDUS DHG LLC
Total building SF119,685
Assessed value$36,165,874

Truluck's Seafood Steak And Crab's share

Est. base rent ~$36/sqft/yr · 5,000 sqft · Class A $15,109/mo
NNN CAM / insurance$2,266/mo
NNN property tax$3,022/mo
Personal property tax est — no BPP record $377/mo
Total occupancy $20,774/mo

Occupancy analysis

All-in occupancy cost is 13.2% 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 $1,885,046 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~36%
Revenue$1,885,046
COGS (24%)−$452,411
Labor (14%)−$263,906
Occupancy−$224,358
TX MB gross tax (6.7%)−$126,298
Utilities / ins / mktg (8%)−$150,804
Card surcharge net+$20,736
Net profit $688,005
Most Likely
Typical bar, light food program, full two-shift staffing
~27%
Revenue$1,885,046
COGS (27%)−$508,962
Labor (17%)−$320,458
Occupancy−$249,286
TX MB gross tax (6.7%)−$126,298
Utilities / ins / mktg (10%)−$188,505
Card surcharge net+$20,736
Net profit $512,272
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$1,885,046
COGS (30%)−$565,514
Labor (22%)−$414,710
Occupancy−$274,215
TX MB gross tax (6.7%)−$126,298
Utilities / ins / mktg (12%)−$226,206
Card surcharge net+$20,736
Net profit $298,839
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 5919 Westheimer Partners LTD looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $512,272/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 (~$512,272 net) estimated

Revenue multiple
$943k–$1.51M
0.5–0.8× gross
SDE multiple
$1.28M–$1.79M
2.5–3.5× earnings
Cap rate
$1.55M–$2.05M
25–33%
Suggested range
$1,281k–$1,793k
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.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $4,188,991–$7,540,184/yr in total revenue (your liquor portion of $1,885,046 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$4,189k–$7,540k
food + liquor + service
Estimated net (10–15%)
$419k–$1,131k
restaurant margin
Full-business value
$1,152k–$4,147k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-06-03

Lookup pending — check back tomorrow

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