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Financials

MB494490
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Hugo's

1600 WESTHEIMER RD, Houston, TX 77006 · TABC MB494490

Mixed Beverage Houston Market Enriched 2026-05-19
$1,570,591 Annual gross (L12M) ▼ 6.5% latest MoM Click for monthly detail
$130,883 Avg monthly ▼ 12.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $351,812/yr est. net Click for cost model
$880k–$1,231k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,653,254 – $1,847,754/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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Hugo's is a mixed-beverage licensed establishment at 1600 WESTHEIMER RD, Houston, Texas (TABC MB494490). Over the most recent 12 months it reported $1,570,591 in gross alcohol sales, averaging $130,883/month with a best month of $163,216. Sales mix: ~74% liquor · 4% beer · 23% wine. The building at this address is owned by TV & HO INC (2,500 sqft, $2,850,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $351,812 (~22% margin). Acquisition value is estimated at $880k–$1,231k 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
$1,570,591
Avg monthly
$130,883
Best month
$163,216
May 2025
Sales mix
74% Liq
4% Beer · 23% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1219610010002
Property owner (landlord)TV & HO INC
Total building SF2,500
Assessed value$2,850,000

Hugo's's share

Est. base rent ~$43/sqft/yr · 5,000 sqft · Class A $17,735/mo
NNN CAM / insurance$2,660/mo
NNN property tax$2,850/mo
Personal property tax est — no BPP record $314/mo
Total occupancy $23,559/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 $1,570,591 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$1,570,591
COGS (24%)−$376,942
Labor (14%)−$219,883
Occupancy−$254,436
TX MB gross tax (6.7%)−$105,230
Utilities / ins / mktg (8%)−$125,647
Card surcharge net+$17,277
Net profit $505,730
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,570,591
COGS (27%)−$424,060
Labor (17%)−$267,000
Occupancy−$282,706
TX MB gross tax (6.7%)−$105,230
Utilities / ins / mktg (10%)−$157,059
Card surcharge net+$17,277
Net profit $351,812
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,570,591
COGS (30%)−$471,177
Labor (22%)−$345,530
Occupancy−$310,977
TX MB gross tax (6.7%)−$105,230
Utilities / ins / mktg (12%)−$188,471
Card surcharge net+$17,277
Net profit $166,483
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 Zoila INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $351,812/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 (~$351,812 net) estimated

Revenue multiple
$785k–$1.26M
0.5–0.8× gross
SDE multiple
$880k–$1.23M
2.5–3.5× earnings
Cap rate
$1.07M–$1.41M
25–33%
Suggested range
$880k–$1,231k
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 2026-06-05

Lookup pending — check back tomorrow

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