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Financials

MB510538
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Komodo's

2004-08 BALDWIN ST, Houston, TX 77002 · TABC MB510538

Mixed Beverage Houston Market Enriched 2026-07-10
$669,151 Annual gross (L12M) ▼ 51.4% latest MoM Click for monthly detail
$55,763 Avg monthly ▼ 2.1% latest vs avg Click for monthly detail
~39% Est. net margin (likely) $259,781/yr est. net Click for cost model
$649k–$669k Est. acquisition range 0.99× 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $704,369 – $836,439/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Komodo's is a mixed-beverage licensed establishment at 2004-08 BALDWIN ST, Houston, Texas (TABC MB510538). Over the most recent 12 months it reported $669,151 in gross alcohol sales, averaging $55,763/month with a best month of $112,373. Sales mix: ~80% liquor · 20% beer · 1% wine. The building at this address is owned by RISE CONDOMINIUM DEVELOPMENT LP (2,500 sqft, $63,567 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $259,781 (~39% margin). Acquisition value is estimated at $649k–$669k 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
$669,151
Avg monthly
$55,763
Best month
$112,373
Apr 2026
Sales mix
80% Liq
20% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1278870000144
Property owner (landlord)RISE CONDOMINIUM DEVELOPMENT LP
Total building SF2,500
Assessed value$63,567

Komodo's's share

Est. base rent ~$2/sqft/yr · 3,500 sqft · Class C $593/mo
NNN CAM / insurance$89/mo
NNN property tax$64/mo
Personal property tax est — no BPP record $134/mo
Total occupancy $880/mo

Occupancy analysis

All-in occupancy cost is 1.6% 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 $669,151 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~47%
Revenue$669,151
COGS (24%)−$160,596
Labor (14%)−$93,681
Occupancy−$9,501
TX MB gross tax (6.7%)−$44,833
Utilities / ins / mktg (8%)−$53,532
Card surcharge net+$7,361
Net profit $314,369
Most Likely
Typical bar, light food program, full two-shift staffing
~39%
Revenue$669,151
COGS (27%)−$180,671
Labor (17%)−$113,756
Occupancy−$10,556
TX MB gross tax (6.7%)−$44,833
Utilities / ins / mktg (10%)−$66,915
Card surcharge net+$7,361
Net profit $259,781
Stressed
Heavy food, larger crew, higher rent
~29%
Revenue$669,151
COGS (30%)−$200,745
Labor (22%)−$147,213
Occupancy−$11,612
TX MB gross tax (6.7%)−$44,833
Utilities / ins / mktg (12%)−$80,298
Card surcharge net+$7,361
Net profit $191,810
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 Lizzard's Midtown INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $259,781/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 (~$259,781 net) estimated

Revenue multiple
$335k–$535k
0.5–0.8× gross
SDE multiple
$649k–$909k
2.5–3.5× earnings
Cap rate
$787k–$1.04M
25–33%
Suggested range
$649k–$669k
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 2026-07-08

Lookup pending — check back tomorrow

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