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MB448563
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Ritz Houston

10520 GULF FWY, Houston, TX 77034 · TABC MB448563

Mixed Beverage Houston Market Enriched 2026-05-24
$3,746,942 Annual gross (L12M) ▼ 85.4% latest MoM Click for monthly detail
$312,245 Avg monthly ▼ 85.1% latest vs avg Click for monthly detail
~33% Est. net margin (likely) $1,223,636/yr est. net Click for cost model
$3,059k–$3,747k Est. acquisition range 0.91× 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 Adult Entertainment, liquor is typically only 80–95% of total business revenue. Liquor + cover; little food. Estimated total revenue (rough): $3,944,149 – $4,683,678/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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Ritz Houston is a mixed-beverage licensed establishment at 10520 GULF FWY, Houston, Texas (TABC MB448563). Over the most recent 12 months it reported $3,746,942 in gross alcohol sales, averaging $312,245/month with a best month of $362,314. Sales mix: ~72% liquor · 26% beer · 3% wine. The building at this address is owned by GULF FREEWAY HOLDINGS LC (5,215 sqft, $1,350,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,223,636 (~33% margin). Acquisition value is estimated at $3,059k–$3,747k 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
$3,746,942
Avg monthly
$312,245
Best month
$362,314
Mar 2025
Sales mix
72% Liq
26% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0451190000106
Property owner (landlord)GULF FREEWAY HOLDINGS LC
Total building SF5,215
Assessed value$1,350,000

Ritz Houston's share

Est. base rent ~$31/sqft/yr · 7,500 sqft · Class A $19,415/mo
NNN CAM / insurance$2,912/mo
NNN property tax$1,350/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $24,177/mo

Occupancy analysis

All-in occupancy cost is 7.7% 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 $3,746,942 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~41%
Revenue$3,746,942
COGS (24%)−$899,266
Labor (14%)−$524,572
Occupancy−$261,116
TX MB gross tax (6.7%)−$251,045
Utilities / ins / mktg (8%)−$299,755
Card surcharge net+$41,216
Net profit $1,552,404
Most Likely
Typical bar, light food program, full two-shift staffing
~33%
Revenue$3,746,942
COGS (27%)−$1,011,674
Labor (17%)−$636,980
Occupancy−$290,129
TX MB gross tax (6.7%)−$251,045
Utilities / ins / mktg (10%)−$374,694
Card surcharge net+$41,216
Net profit $1,223,636
Stressed
Heavy food, larger crew, higher rent
~22%
Revenue$3,746,942
COGS (30%)−$1,124,083
Labor (22%)−$824,327
Occupancy−$319,142
TX MB gross tax (6.7%)−$251,045
Utilities / ins / mktg (12%)−$449,633
Card surcharge net+$41,216
Net profit $819,928
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 S S D Enterprises INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,223,636/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 (~$1,223,636 net) estimated

Revenue multiple
$1.87M–$3.00M
0.5–0.8× gross
SDE multiple
$3.06M–$4.28M
2.5–3.5× earnings
Cap rate
$3.71M–$4.89M
25–33%
Suggested range
$3,059k–$3,747k
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 2026-05-27

Lookup pending — check back tomorrow

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