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MB549516
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The Pelican Lounge

14330 S PADRE ISLAND DR, Corpus Christi, TX 78418 · TABC MB549516

Mixed Beverage Corpus Christi Market Enriched 2026-09-02
$451,382 Annual gross (L12M) ▲ 29.4% latest MoM Click for monthly detail
$37,615 Avg monthly ▲ 27.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $126,704/yr est. net Click for cost model
$317k–$443k Est. acquisition range 0.84× 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 Lounge, liquor is typically only 75–90% of total business revenue. Mostly bar program. Estimated total revenue (rough): $501,536 – $601,843/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

The Pelican Lounge is a mixed-beverage licensed establishment at 14330 S PADRE ISLAND DR, Corpus Christi, Texas (TABC MB549516). Over the most recent 12 months it reported $451,382 in gross alcohol sales, averaging $37,615/month with a best month of $47,975. Sales mix: ~53% liquor · 38% beer · 9% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $126,704 (~28% margin). Acquisition value is estimated at $317k–$443k 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
$451,382
Avg monthly
$37,615
Best month
$47,975
Jul 2026
Sales mix
53% Liq
38% Beer · 9% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$3,950/mo
NNN CAM / insurance$592/mo
Total occupancy$4,638/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $451,382 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$451,382
COGS (24%)−$108,332
Labor (14%)−$63,193
Occupancy−$50,089
TX MB gross tax (6.7%)−$30,243
Utilities / ins / mktg (8%)−$36,111
Card surcharge net+$4,965
Net profit $168,380
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$451,382
COGS (27%)−$121,873
Labor (17%)−$76,735
Occupancy−$55,654
TX MB gross tax (6.7%)−$30,243
Utilities / ins / mktg (10%)−$45,138
Card surcharge net+$4,965
Net profit $126,704
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$451,382
COGS (30%)−$135,415
Labor (22%)−$99,304
Occupancy−$61,220
TX MB gross tax (6.7%)−$30,243
Utilities / ins / mktg (12%)−$54,166
Card surcharge net+$4,965
Net profit $76,000
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 Bursa LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $126,704/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 (~$126,704 net) estimated

Revenue multiple
$226k–$361k
0.5–0.8× gross
SDE multiple
$317k–$443k
2.5–3.5× earnings
Cap rate
$384k–$507k
25–33%
Suggested range
$317k–$443k
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 2026-10-10

Lookup pending — check back tomorrow

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