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Financials

MB462170
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Sth Beverages INC

3200 E SURFSIDE BLVD, Corpus Christi, TX 78402 · TABC MB462170

Mixed Beverage Corpus Christi Market Enriched 2026-07-09
$310,644 Annual gross (L12M) ▲ 12.8% latest MoM Click for monthly detail
$25,887 Avg monthly ▼ 2.9% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $86,840/yr est. net Click for cost model
$217k–$304k 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 Dive Bar, liquor is typically only 85–98% of total business revenue. Almost entirely liquor. Estimated total revenue (rough): $316,984 – $365,464/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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Sth Beverages INC is a mixed-beverage licensed establishment at 3200 E SURFSIDE BLVD, Corpus Christi, Texas (TABC MB462170). Over the most recent 12 months it reported $310,644 in gross alcohol sales, averaging $25,887/month with a best month of $39,578. Sales mix: ~65% liquor · 30% beer · 5% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $86,840 (~28% margin). Acquisition value is estimated at $217k–$304k 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
$310,644
Avg monthly
$25,887
Best month
$39,578
Jul 2025
Sales mix
65% Liq
30% Beer · 5% 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)$2,718/mo
NNN CAM / insurance$408/mo
Total occupancy$3,222/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 $310,644 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$310,644
COGS (24%)−$74,555
Labor (14%)−$43,490
Occupancy−$34,794
TX MB gross tax (6.7%)−$20,813
Utilities / ins / mktg (8%)−$24,852
Card surcharge net+$3,417
Net profit $115,557
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$310,644
COGS (27%)−$83,874
Labor (17%)−$52,809
Occupancy−$38,660
TX MB gross tax (6.7%)−$20,813
Utilities / ins / mktg (10%)−$31,064
Card surcharge net+$3,417
Net profit $86,840
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$310,644
COGS (30%)−$93,193
Labor (22%)−$68,342
Occupancy−$42,526
TX MB gross tax (6.7%)−$20,813
Utilities / ins / mktg (12%)−$37,277
Card surcharge net+$3,417
Net profit $51,909
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 Sth Beverages INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $86,840/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 (~$86,840 net) estimated

Revenue multiple
$155k–$249k
0.5–0.8× gross
SDE multiple
$217k–$304k
2.5–3.5× earnings
Cap rate
$263k–$347k
25–33%
Suggested range
$217k–$304k
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 2026-07-10

Lookup pending — check back tomorrow

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