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Financials

MB516011
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Downtown Aquarium

410 BAGBY ST, Houston, TX 77002 · TABC MB516011

Mixed Beverage Houston Market Enriched 2026-06-15
$1,117,305 Annual gross (L12M) ▼ 36.6% latest MoM Click for monthly detail
$93,109 Avg monthly ▼ 11.8% latest vs avg Click for monthly detail
~32% Est. net margin (likely) $352,997/yr est. net Click for cost model
$882k–$1,117k Est. acquisition range 0.89× 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): $1,117,305 – $1,241,450/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

Downtown Aquarium is a mixed-beverage licensed establishment at 410 BAGBY ST, Houston, Texas (TABC MB516011). Over the most recent 12 months it reported $1,117,305 in gross alcohol sales, averaging $93,109/month with a best month of $167,823. Sales mix: ~64% liquor · 22% beer · 14% wine. The building at this address is owned by AQUARIUM-DOWNTOWN (10,282 sqft, $1,416,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $352,997 (~32% margin). Acquisition value is estimated at $882k–$1,117k 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
$1,117,305
Avg monthly
$93,109
Best month
$167,823
Dec 2025
Sales mix
64% Liq
22% Beer · 14% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0131470000023
Property owner (landlord)AQUARIUM-DOWNTOWN
Total building SF10,282
Assessed value$1,416,000

Downtown Aquarium's share

Est. base rent ~$14/sqft/yr · 5,000 sqft · Class B $5,738/mo
NNN CAM / insurance$861/mo
NNN property tax$1,377/mo
Personal property tax est — no BPP record $223/mo
Total occupancy $8,200/mo

Occupancy analysis

All-in occupancy cost is 8.8% 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 $1,117,305 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~40%
Revenue$1,117,305
COGS (24%)−$268,153
Labor (14%)−$156,423
Occupancy−$88,555
TX MB gross tax (6.7%)−$74,859
Utilities / ins / mktg (8%)−$89,384
Card surcharge net+$12,290
Net profit $452,221
Most Likely
Typical bar, light food program, full two-shift staffing
~32%
Revenue$1,117,305
COGS (27%)−$301,672
Labor (17%)−$189,942
Occupancy−$98,394
TX MB gross tax (6.7%)−$74,859
Utilities / ins / mktg (10%)−$111,730
Card surcharge net+$12,290
Net profit $352,997
Stressed
Heavy food, larger crew, higher rent
~21%
Revenue$1,117,305
COGS (30%)−$335,192
Labor (22%)−$245,807
Occupancy−$108,234
TX MB gross tax (6.7%)−$74,859
Utilities / ins / mktg (12%)−$134,077
Card surcharge net+$12,290
Net profit $231,427
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 Houston Aquarium INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $352,997/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 (~$352,997 net) estimated

Revenue multiple
$559k–$894k
0.5–0.8× gross
SDE multiple
$882k–$1.24M
2.5–3.5× earnings
Cap rate
$1.07M–$1.41M
25–33%
Suggested range
$882k–$1,117k
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 2026-06-17

Lookup pending — check back tomorrow

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