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Financials

MB447896
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Outback Steakhouse

4505 SHERWOOD WAY, San Angelo, TX 76901 · TABC MB447896

Mixed Beverage San Angelo Market Enriched 2026-07-09
$358,495 Annual gross (L12M) ▲ 10.8% latest MoM Click for monthly detail
$29,875 Avg monthly ▼ 15.3% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $100,394/yr est. net Click for cost model
$251k–$351k 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): $896,238 – $1,433,980/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

Outback Steakhouse is a mixed-beverage licensed establishment at 4505 SHERWOOD WAY, San Angelo, Texas (TABC MB447896). Over the most recent 12 months it reported $358,495 in gross alcohol sales, averaging $29,875/month with a best month of $37,229. Sales mix: ~52% liquor · 33% beer · 15% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $100,394 (~28% margin). Acquisition value is estimated at $251k–$351k 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
$358,495
Avg monthly
$29,875
Best month
$37,229
Jun 2025
Sales mix
52% Liq
33% Beer · 15% 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)$3,137/mo
NNN CAM / insurance$471/mo
Total occupancy$3,703/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 $358,495 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$358,495
COGS (24%)−$86,039
Labor (14%)−$50,189
Occupancy−$39,994
TX MB gross tax (6.7%)−$24,019
Utilities / ins / mktg (8%)−$28,680
Card surcharge net+$3,943
Net profit $133,517
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$358,495
COGS (27%)−$96,794
Labor (17%)−$60,944
Occupancy−$44,438
TX MB gross tax (6.7%)−$24,019
Utilities / ins / mktg (10%)−$35,850
Card surcharge net+$3,943
Net profit $100,394
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$358,495
COGS (30%)−$107,548
Labor (22%)−$78,869
Occupancy−$48,882
TX MB gross tax (6.7%)−$24,019
Utilities / ins / mktg (12%)−$43,019
Card surcharge net+$3,943
Net profit $60,100
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 Outback Beverages Of Texas LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $100,394/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 (~$100,394 net) estimated

Revenue multiple
$179k–$287k
0.5–0.8× gross
SDE multiple
$251k–$351k
2.5–3.5× earnings
Cap rate
$304k–$402k
25–33%
Suggested range
$251k–$351k
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 $896,238–$1,433,980/yr in total revenue (your liquor portion of $358,495 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
$896k–$1,434k
food + liquor + service
Estimated net (10–15%)
$90k–$215k
restaurant margin
Full-business value
$246k–$789k
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 2026-05-22

No federal lawsuits — past or pending