6519 FM 2100 RD, Crosby, TX 77532 · TABC MB462041
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Iguana Joe's Mexican Restaurant is a mixed-beverage licensed establishment at 6519 FM 2100 RD, Crosby, Texas (TABC MB462041). Over the most recent 12 months it reported $175,013 in gross alcohol sales, averaging $25,002/month with a best month of $33,621. Sales mix: ~71% liquor · 29% beer · 1% wine. The building at this address is owned by YBARRA VICTOR P & BONNIE (3,751 sqft, $1,167,264 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $39,203 (~22% margin). Acquisition value is estimated at $98k–$137k 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.
Texas Comptroller mixed-beverage gross receipts actual
County public records + submarket comps
Building (landlord parcel)
Iguana Joe's Mexican Restaurant's share
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.
Texas bar cost model applied to $175,013 gross revenue estimated
Split likely net profit across ownership estimated
Based on most-likely scenario (~$39,203 net) estimated
We estimate this mexican restaurant pulls $500,037–$875,065/yr in total revenue (your liquor portion of $175,013 is roughly 20–35% 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).
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.
1 case on file · public records
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