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MB543989
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Saltgrass Steakhouse

20090 HIGHWAY 59 N, Humble, TX 77338 · TABC MB543989

Mixed Beverage Humble Market Enriched 2026-06-17
$946,938 Annual gross (L12M) ▼ 11.1% latest MoM Click for monthly detail
$78,912 Avg monthly ▼ 6.8% latest vs avg Click for monthly detail
~26% Est. net margin (likely) $244,285/yr est. net Click for cost model
$611k–$855k Est. acquisition range 0.77× 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): $2,367,345 – $3,787,752/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

Saltgrass Steakhouse is a mixed-beverage licensed establishment at 20090 HIGHWAY 59 N, Humble, Texas (TABC MB543989). Over the most recent 12 months it reported $946,938 in gross alcohol sales, averaging $78,912/month with a best month of $88,978. Sales mix: ~66% liquor · 19% beer · 16% wine. The building at this address is owned by DEERBROOK CORNER INVESTORS LTD (51,548 sqft, $12,364,749 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $244,285 (~26% margin). Acquisition value is estimated at $611k–$855k 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
$946,938
Avg monthly
$78,912
Best month
$88,978
Dec 2025
Sales mix
66% Liq
19% Beer · 16% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0410510020245
Property owner (landlord)DEERBROOK CORNER INVESTORS LTD
Total building SF51,548
Assessed value$12,364,749

Saltgrass Steakhouse's share

Est. base rent ~$29/sqft/yr · 3,500 sqft · Class A $8,395/mo
NNN CAM / insurance$1,259/mo
NNN property tax$1,679/mo
Personal property tax est — no BPP record $189/mo
Total occupancy $11,523/mo

Occupancy analysis

All-in occupancy cost is 14.6% 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 $946,938 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$946,938
COGS (24%)−$227,265
Labor (14%)−$132,571
Occupancy−$124,450
TX MB gross tax (6.7%)−$63,445
Utilities / ins / mktg (8%)−$75,755
Card surcharge net+$10,416
Net profit $333,868
Most Likely
Typical bar, light food program, full two-shift staffing
~26%
Revenue$946,938
COGS (27%)−$255,673
Labor (17%)−$160,979
Occupancy−$138,278
TX MB gross tax (6.7%)−$63,445
Utilities / ins / mktg (10%)−$94,694
Card surcharge net+$10,416
Net profit $244,285
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$946,938
COGS (30%)−$284,081
Labor (22%)−$208,326
Occupancy−$152,106
TX MB gross tax (6.7%)−$63,445
Utilities / ins / mktg (12%)−$113,633
Card surcharge net+$10,416
Net profit $135,763
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 Saltgrass INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $244,285/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 (~$244,285 net) estimated

Revenue multiple
$473k–$758k
0.5–0.8× gross
SDE multiple
$611k–$855k
2.5–3.5× earnings
Cap rate
$740k–$977k
25–33%
Suggested range
$611k–$855k
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 $2,367,345–$3,787,752/yr in total revenue (your liquor portion of $946,938 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
$2,367k–$3,788k
food + liquor + service
Estimated net (10–15%)
$237k–$568k
restaurant margin
Full-business value
$651k–$2,083k
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

Lookup pending — check back tomorrow

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