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MB258084
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Landry's Seafood House

1212 LAKE ROBBINS DR, The Woodlands, TX 77380 · TABC MB258084

Mixed Beverage The Woodlands Market Enriched 2026-06-27
$770,490 Annual gross (L12M) ▲ 4.3% latest MoM Click for monthly detail
$64,208 Avg monthly ▲ 4.8% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $216,546/yr est. net Click for cost model
$541k–$758k 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 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): $1,712,200 – $3,081,960/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 Seafood House is a mixed-beverage licensed establishment at 1212 LAKE ROBBINS DR, The Woodlands, Texas (TABC MB258084). Over the most recent 12 months it reported $770,490 in gross alcohol sales, averaging $64,208/month with a best month of $96,215. Sales mix: ~50% liquor · 12% beer · 38% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $216,546 (~28% margin). Acquisition value is estimated at $541k–$758k 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
$770,490
Avg monthly
$64,208
Best month
$96,215
Dec 2025
Sales mix
50% Liq
12% Beer · 38% 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)$6,742/mo
NNN CAM / insurance$1,011/mo
Total occupancy$7,894/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 $770,490 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$770,490
COGS (24%)−$184,918
Labor (14%)−$107,869
Occupancy−$85,259
TX MB gross tax (6.7%)−$51,623
Utilities / ins / mktg (8%)−$61,639
Card surcharge net+$8,475
Net profit $287,659
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$770,490
COGS (27%)−$208,032
Labor (17%)−$130,983
Occupancy−$94,732
TX MB gross tax (6.7%)−$51,623
Utilities / ins / mktg (10%)−$77,049
Card surcharge net+$8,475
Net profit $216,546
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$770,490
COGS (30%)−$231,147
Labor (22%)−$169,508
Occupancy−$104,205
TX MB gross tax (6.7%)−$51,623
Utilities / ins / mktg (12%)−$92,459
Card surcharge net+$8,475
Net profit $130,024
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 $216,546/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 (~$216,546 net) estimated

Revenue multiple
$385k–$616k
0.5–0.8× gross
SDE multiple
$541k–$758k
2.5–3.5× earnings
Cap rate
$656k–$866k
25–33%
Suggested range
$541k–$758k
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 $1,712,200–$3,081,960/yr in total revenue (your liquor portion of $770,490 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
$1,712k–$3,082k
food + liquor + service
Estimated net (10–15%)
$171k–$462k
restaurant margin
Full-business value
$471k–$1,695k
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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