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Financials

MB245200
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Landry's Prime Seafood & Steaks

5310 SEAWALL BLVD, Galveston, TX 77551 · TABC MB245200

Mixed Beverage Galveston Market Enriched 2026-06-15
$1,018,207 Annual gross (L12M) ▼ 20.8% latest MoM Click for monthly detail
$84,851 Avg monthly ▼ 5.9% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $286,065/yr est. net Click for cost model
$715k–$1,001k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $2,545,518 – $4,072,828/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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Landry's Prime Seafood & Steaks is a mixed-beverage licensed establishment at 5310 SEAWALL BLVD, Galveston, Texas (TABC MB245200). Over the most recent 12 months it reported $1,018,207 in gross alcohol sales, averaging $84,851/month with a best month of $111,450. Sales mix: ~57% liquor · 13% beer · 30% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $286,065 (~28% margin). Acquisition value is estimated at $715k–$1,001k 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
$1,018,207
Avg monthly
$84,851
Best month
$111,450
Aug 2025
Sales mix
57% Liq
13% Beer · 30% 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)$8,909/mo
NNN CAM / insurance$1,336/mo
Total occupancy$10,441/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 $1,018,207 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,018,207
COGS (24%)−$244,370
Labor (14%)−$142,549
Occupancy−$112,761
TX MB gross tax (6.7%)−$68,220
Utilities / ins / mktg (8%)−$81,457
Card surcharge net+$11,200
Net profit $380,051
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,018,207
COGS (27%)−$274,916
Labor (17%)−$173,095
Occupancy−$125,290
TX MB gross tax (6.7%)−$68,220
Utilities / ins / mktg (10%)−$101,821
Card surcharge net+$11,200
Net profit $286,065
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,018,207
COGS (30%)−$305,462
Labor (22%)−$224,006
Occupancy−$137,819
TX MB gross tax (6.7%)−$68,220
Utilities / ins / mktg (12%)−$122,185
Card surcharge net+$11,200
Net profit $171,716
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 Landry's Seafood House-San Luis INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $286,065/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 (~$286,065 net) estimated

Revenue multiple
$509k–$815k
0.5–0.8× gross
SDE multiple
$715k–$1.00M
2.5–3.5× earnings
Cap rate
$867k–$1.14M
25–33%
Suggested range
$715k–$1,001k
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 · Steakhouse

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

We estimate this steakhouse pulls $2,545,518–$4,072,828/yr in total revenue (your liquor portion of $1,018,207 is roughly 25–40% 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
$2,546k–$4,073k
food + liquor + service
Estimated net (10–15%)
$255k–$611k
restaurant margin
Full-business value
$700k–$2,240k
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 2026-05-26

Lookup pending — check back tomorrow

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