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Financials

MB426942
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Cadillac Bar

1802 SHEPHERD DR, Houston, TX 77007 · TABC MB426942

Mixed Beverage Houston Market Enriched 2026-06-19
$839,982 Annual gross (L12M) ▲ 47.4% latest MoM Click for monthly detail
$69,998 Avg monthly ▲ 11.2% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $188,156/yr est. net Click for cost model
$470k–$659k 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): $839,982 – $933,313/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

Cadillac Bar is a mixed-beverage licensed establishment at 1802 SHEPHERD DR, Houston, Texas (TABC MB426942). Over the most recent 12 months it reported $839,982 in gross alcohol sales, averaging $69,998/month with a best month of $108,512. Sales mix: ~74% liquor · 20% beer · 5% wine. The building at this address is owned by SPIN LAND 2022 LLC (2,525 sqft, $3,100,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $188,156 (~22% margin). Acquisition value is estimated at $470k–$659k 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
$839,982
Avg monthly
$69,998
Best month
$108,512
Dec 2025
Sales mix
74% Liq
20% Beer · 5% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0072940000013
Property owner (landlord)SPIN LAND 2022 LLC
Total building SF2,525
Assessed value$3,100,000

Cadillac Bar's share

Est. base rent ~$28/sqft/yr · 3,500 sqft · Class A $8,115/mo
NNN CAM / insurance$1,217/mo
NNN property tax$3,100/mo
Personal property tax est — no BPP record $168/mo
Total occupancy $12,600/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 $839,982 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$839,982
COGS (24%)−$201,596
Labor (14%)−$117,597
Occupancy−$136,077
TX MB gross tax (6.7%)−$56,279
Utilities / ins / mktg (8%)−$67,199
Card surcharge net+$9,240
Net profit $270,474
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$839,982
COGS (27%)−$226,795
Labor (17%)−$142,797
Occupancy−$151,197
TX MB gross tax (6.7%)−$56,279
Utilities / ins / mktg (10%)−$83,998
Card surcharge net+$9,240
Net profit $188,156
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$839,982
COGS (30%)−$251,995
Labor (22%)−$184,796
Occupancy−$166,316
TX MB gross tax (6.7%)−$56,279
Utilities / ins / mktg (12%)−$100,798
Card surcharge net+$9,240
Net profit $89,038
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 Inn & Oyster Bar - Sugar Creek LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $188,156/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 (~$188,156 net) estimated

Revenue multiple
$420k–$672k
0.5–0.8× gross
SDE multiple
$470k–$659k
2.5–3.5× earnings
Cap rate
$570k–$753k
25–33%
Suggested range
$470k–$659k
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 2026-06-27

No federal lawsuits — past or pending