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MB528972
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Brenner's Steakhouse

10911 KATY FWY, Houston, TX 77079 · TABC MB528972

Mixed Beverage Houston Market Enriched 2026-05-24
$1,970,926 Annual gross (L12M) ▲ 12.8% latest MoM Click for monthly detail
$164,244 Avg monthly ▼ 5.5% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $441,487/yr est. net Click for cost model
$1,104k–$1,545k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $4,927,315 – $7,883,704/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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Brenner's Steakhouse is a mixed-beverage licensed establishment at 10911 KATY FWY, Houston, Texas (TABC MB528972). Over the most recent 12 months it reported $1,970,926 in gross alcohol sales, averaging $164,244/month with a best month of $339,234. Sales mix: ~39% liquor · 2% beer · 59% wine. The building at this address is owned by SPIN LAND 2022 LLC (2,500 sqft, $1,745,740 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $441,487 (~22% margin). Acquisition value is estimated at $1,104k–$1,545k 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
$1,970,926
Avg monthly
$164,244
Best month
$339,234
Dec 2025
Sales mix
39% Liq
2% Beer · 59% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0451380020130
Property owner (landlord)SPIN LAND 2022 LLC
Total building SF2,500
Assessed value$1,745,740

Brenner's Steakhouse's share

Est. base rent ~$57/sqft/yr · 5,000 sqft · Class A $23,847/mo
NNN CAM / insurance$3,577/mo
NNN property tax$1,746/mo
Personal property tax est — no BPP record $394/mo
Total occupancy $29,564/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 $1,970,926 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$1,970,926
COGS (24%)−$473,022
Labor (14%)−$275,930
Occupancy−$319,290
TX MB gross tax (6.7%)−$132,052
Utilities / ins / mktg (8%)−$157,674
Card surcharge net+$21,680
Net profit $634,638
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,970,926
COGS (27%)−$532,150
Labor (17%)−$335,057
Occupancy−$354,767
TX MB gross tax (6.7%)−$132,052
Utilities / ins / mktg (10%)−$197,093
Card surcharge net+$21,680
Net profit $441,487
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,970,926
COGS (30%)−$591,278
Labor (22%)−$433,604
Occupancy−$390,243
TX MB gross tax (6.7%)−$132,052
Utilities / ins / mktg (12%)−$236,511
Card surcharge net+$21,680
Net profit $208,918
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 Willie G's Post Oak LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $441,487/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 (~$441,487 net) estimated

Revenue multiple
$985k–$1.58M
0.5–0.8× gross
SDE multiple
$1.10M–$1.55M
2.5–3.5× earnings
Cap rate
$1.34M–$1.77M
25–33%
Suggested range
$1,104k–$1,545k
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.
Full-business estimate · Steakhouse

If you're buying the whole restaurant, not just the bar program

We estimate this steakhouse pulls $4,927,315–$7,883,704/yr in total revenue (your liquor portion of $1,970,926 is roughly 25–40% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$4,927k–$7,884k
food + liquor + service
Estimated net (10–15%)
$493k–$1,183k
restaurant margin
Full-business value
$1,355k–$4,336k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-05-22

No federal lawsuits — past or pending