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Financials

MB618354
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Liam's Steakhouse & Oyster Bar

202 W TARPON ST, South Padre Island, TX 78597 · TABC MB618354

Mixed Beverage South Padre Island Market Enriched 2026-07-12
$485,981 Annual gross (L12M) ▲ 20.7% latest MoM Click for monthly detail
$40,498 Avg monthly ▲ 24.1% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $136,504/yr est. net Click for cost model
$341k–$478k 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 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): $1,214,952 – $1,943,924/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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Liam's Steakhouse & Oyster Bar is a mixed-beverage licensed establishment at 202 W TARPON ST, South Padre Island, Texas (TABC MB618354). Over the most recent 12 months it reported $485,981 in gross alcohol sales, averaging $40,498/month with a best month of $76,937. Sales mix: ~54% liquor · 8% beer · 38% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $136,504 (~28% margin). Acquisition value is estimated at $341k–$478k 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
$485,981
Avg monthly
$40,498
Best month
$76,937
Jul 2025
Sales mix
54% Liq
8% Beer · 38% 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)$4,252/mo
NNN CAM / insurance$638/mo
Total occupancy$4,986/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 $485,981 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$485,981
COGS (24%)−$116,635
Labor (14%)−$68,037
Occupancy−$53,849
TX MB gross tax (6.7%)−$32,561
Utilities / ins / mktg (8%)−$38,878
Card surcharge net+$5,346
Net profit $181,366
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$485,981
COGS (27%)−$131,215
Labor (17%)−$82,617
Occupancy−$59,832
TX MB gross tax (6.7%)−$32,561
Utilities / ins / mktg (10%)−$48,598
Card surcharge net+$5,346
Net profit $136,504
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$485,981
COGS (30%)−$145,794
Labor (22%)−$106,916
Occupancy−$65,815
TX MB gross tax (6.7%)−$32,561
Utilities / ins / mktg (12%)−$58,318
Card surcharge net+$5,346
Net profit $81,923
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 Liams 1 INC looking up officers…
5
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $136,504/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 (~$136,504 net) estimated

Revenue multiple
$243k–$389k
0.5–0.8× gross
SDE multiple
$341k–$478k
2.5–3.5× earnings
Cap rate
$414k–$546k
25–33%
Suggested range
$341k–$478k
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 $1,214,952–$1,943,924/yr in total revenue (your liquor portion of $485,981 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
$1,215k–$1,944k
food + liquor + service
Estimated net (10–15%)
$121k–$292k
restaurant margin
Full-business value
$334k–$1,069k
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 2026-07-10

Lookup pending — check back tomorrow

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