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Financials

MB549318
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The Westin Houston Downtown

1520 TEXAS ST, Houston, TX 77002 · TABC MB549318

Mixed Beverage Houston Market Enriched 2026-06-15
$1,285,627 Annual gross (L12M) ▼ 27.2% latest MoM Click for monthly detail
$107,136 Avg monthly ▲ 17.7% latest vs avg Click for monthly detail
~24% Est. net margin (likely) $306,601/yr est. net Click for cost model
$767k–$1,073k Est. acquisition range 0.72× 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $1,428,474 – $1,836,610/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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The Westin Houston Downtown is a mixed-beverage licensed establishment at 1520 TEXAS ST, Houston, Texas (TABC MB549318). Over the most recent 12 months it reported $1,285,627 in gross alcohol sales, averaging $107,136/month with a best month of $173,087. Sales mix: ~62% liquor · 25% beer · 13% wine. The building at this address is owned by DOWNTOWN HOUSTON REAL ESTATE LLC (120,139 sqft, $31,103,714 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $306,601 (~24% margin). Acquisition value is estimated at $767k–$1,073k 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
$1,285,627
Avg monthly
$107,136
Best month
$173,087
Mar 2026
Sales mix
62% Liq
25% Beer · 13% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0010740000020
Property owner (landlord)DOWNTOWN HOUSTON REAL ESTATE LLC
Total building SF120,139
Assessed value$31,103,714

The Westin Houston Downtown's share

Est. base rent ~$31/sqft/yr · 5,000 sqft · Class A $12,945/mo
NNN CAM / insurance$1,942/mo
NNN property tax$2,589/mo
Personal property tax est — no BPP record $257/mo
Total occupancy $17,733/mo

Occupancy analysis

All-in occupancy cost is 16.6% 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 $1,285,627 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~34%
Revenue$1,285,627
COGS (24%)−$308,550
Labor (14%)−$179,988
Occupancy−$191,513
TX MB gross tax (6.7%)−$86,137
Utilities / ins / mktg (8%)−$102,850
Card surcharge net+$14,142
Net profit $430,730
Most Likely
Typical bar, light food program, full two-shift staffing
~24%
Revenue$1,285,627
COGS (27%)−$347,119
Labor (17%)−$218,557
Occupancy−$212,793
TX MB gross tax (6.7%)−$86,137
Utilities / ins / mktg (10%)−$128,563
Card surcharge net+$14,142
Net profit $306,601
Stressed
Heavy food, larger crew, higher rent
~12%
Revenue$1,285,627
COGS (30%)−$385,688
Labor (22%)−$282,838
Occupancy−$234,072
TX MB gross tax (6.7%)−$86,137
Utilities / ins / mktg (12%)−$154,275
Card surcharge net+$14,142
Net profit $156,759
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 Inn At The Ballpark Catering INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $306,601/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 (~$306,601 net) estimated

Revenue multiple
$643k–$1.03M
0.5–0.8× gross
SDE multiple
$767k–$1.07M
2.5–3.5× earnings
Cap rate
$929k–$1.23M
25–33%
Suggested range
$767k–$1,073k
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 2026-06-12

Lookup pending — check back tomorrow

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