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Financials

MB236714
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Ship's Wheel

1271 HIGHWAY 87, Crystal Beach, TX 77650 · TABC MB236714

Mixed Beverage Crystal Beach Market Enriched 2026-07-12
$410,945 Annual gross (L12M) ▲ 34.2% latest MoM Click for monthly detail
$34,245 Avg monthly ▲ 47.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $115,250/yr est. net Click for cost model
$288k–$403k 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): $410,945 – $456,606/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

Ship's Wheel is a mixed-beverage licensed establishment at 1271 HIGHWAY 87, Crystal Beach, Texas (TABC MB236714). Over the most recent 12 months it reported $410,945 in gross alcohol sales, averaging $34,245/month with a best month of $58,223. Sales mix: ~59% liquor · 39% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $115,250 (~28% margin). Acquisition value is estimated at $288k–$403k 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
$410,945
Avg monthly
$34,245
Best month
$58,223
Jul 2025
Sales mix
59% Liq
39% Beer · 2% 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)$3,596/mo
NNN CAM / insurance$539/mo
Total occupancy$4,231/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 $410,945 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$410,945
COGS (24%)−$98,627
Labor (14%)−$57,532
Occupancy−$45,694
TX MB gross tax (6.7%)−$27,533
Utilities / ins / mktg (8%)−$32,876
Card surcharge net+$4,520
Net profit $153,203
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$410,945
COGS (27%)−$110,955
Labor (17%)−$69,861
Occupancy−$50,772
TX MB gross tax (6.7%)−$27,533
Utilities / ins / mktg (10%)−$41,094
Card surcharge net+$4,520
Net profit $115,250
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$410,945
COGS (30%)−$123,284
Labor (22%)−$90,408
Occupancy−$55,849
TX MB gross tax (6.7%)−$27,533
Utilities / ins / mktg (12%)−$49,313
Card surcharge net+$4,520
Net profit $69,079
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 Ship's Wheel LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $115,250/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 (~$115,250 net) estimated

Revenue multiple
$205k–$329k
0.5–0.8× gross
SDE multiple
$288k–$403k
2.5–3.5× earnings
Cap rate
$349k–$461k
25–33%
Suggested range
$288k–$403k
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 2026-07-07

No federal lawsuits — past or pending