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Financials

MB471559
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Pelazzio Banquets Catering And Conferences

12121 WESTHEIMER RD STE 130, Houston, TX 77077 · TABC MB471559

Mixed Beverage Houston Market Enriched 2026-08-28
$210,647 Annual gross (L12M) ▲ 15.0% latest MoM Click for monthly detail
$17,554 Avg monthly ▼ 11.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $47,185/yr est. net Click for cost model
$118k–$165k 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): $210,647 – $234,052/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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Pelazzio Banquets Catering And Conferences is a mixed-beverage licensed establishment at 12121 WESTHEIMER RD STE 130, Houston, Texas (TABC MB471559). Over the most recent 12 months it reported $210,647 in gross alcohol sales, averaging $17,554/month with a best month of $26,935. Sales mix: ~65% liquor · 20% beer · 15% wine. The building at this address is owned by ZARAH LP (29,647 sqft, $12,896,399 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $47,185 (~22% margin). Acquisition value is estimated at $118k–$165k 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
$210,647
Avg monthly
$17,554
Best month
$26,935
Dec 2025
Sales mix
65% Liq
20% Beer · 15% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1152130000001
Property owner (landlord)ZARAH LP
Total building SF whole parcel — Pelazzio Banquets Catering And Conferences is in STE 13029,647
Pelazzio Banquets Catering And Conferences's footprint estimated — suite-level not on file 2,500 sf
Assessed value$12,896,399

Pelazzio Banquets Catering And Conferences's share

Est. base rent ~$4/sqft/yr · 2,500 sqft · Class A $769/mo
NNN CAM / insurance$115/mo
NNN property tax$2,175/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $3,160/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 $210,647 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$210,647
COGS (24%)−$50,555
Labor (14%)−$29,491
Occupancy−$34,125
TX MB gross tax (6.7%)−$14,113
Utilities / ins / mktg (8%)−$16,852
Card surcharge net+$2,317
Net profit $67,828
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$210,647
COGS (27%)−$56,875
Labor (17%)−$35,810
Occupancy−$37,916
TX MB gross tax (6.7%)−$14,113
Utilities / ins / mktg (10%)−$21,065
Card surcharge net+$2,317
Net profit $47,185
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$210,647
COGS (30%)−$63,194
Labor (22%)−$46,342
Occupancy−$41,708
TX MB gross tax (6.7%)−$14,113
Utilities / ins / mktg (12%)−$25,278
Card surcharge net+$2,317
Net profit $22,329
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 Omni Banquets INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $47,185/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 (~$47,185 net) estimated

Revenue multiple
$105k–$169k
0.5–0.8× gross
SDE multiple
$118k–$165k
2.5–3.5× earnings
Cap rate
$143k–$189k
25–33%
Suggested range
$118k–$165k
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.