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Financials

MB659156
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Raffa's

1660 W LAKE HOUSTON PKWY STE 103, Kingwood, TX 77339 · TABC MB659156

Mixed Beverage Kingwood Market Enriched 2026-09-10
$558,452 Annual gross (L12M) ▲ 22.1% latest MoM Click for monthly detail
$46,538 Avg monthly ▲ 5.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $125,093/yr est. net Click for cost model
$313k–$438k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $587,844 – $657,002/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

Raffa's is a mixed-beverage licensed establishment at 1660 W LAKE HOUSTON PKWY STE 103, Kingwood, Texas (TABC MB659156). Over the most recent 12 months it reported $558,452 in gross alcohol sales, averaging $46,538/month with a best month of $60,641. Sales mix: ~42% liquor · 4% beer · 53% wine. The building at this address is owned by BRIDGEWELL KINGS HARBOR LLC BBH KINGS HARBOR LLC (63,898 sqft, $16,725,684 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $125,093 (~22% margin). Acquisition value is estimated at $313k–$438k 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
$558,452
Avg monthly
$46,538
Best month
$60,641
Dec 2025
Sales mix
42% Liq
4% Beer · 53% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1193780010003
Property owner (landlord)BRIDGEWELL KINGS HARBOR LLC BBH KINGS HARBOR LLC
Total building SF whole parcel — Raffa's is in STE 10363,898
Raffa's's footprint estimated — suite-level not on file 3,500 sf
Assessed value$16,725,684

Raffa's's share

Est. base rent ~$19/sqft/yr · 3,500 sqft · Class A $5,594/mo
NNN CAM / insurance$839/mo
NNN property tax$1,832/mo
Personal property tax est — no BPP record $112/mo
Total occupancy $8,377/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 $558,452 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$558,452
COGS (24%)−$134,028
Labor (14%)−$78,183
Occupancy−$90,469
TX MB gross tax (6.7%)−$37,416
Utilities / ins / mktg (8%)−$44,676
Card surcharge net+$6,143
Net profit $179,822
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$558,452
COGS (27%)−$150,782
Labor (17%)−$94,937
Occupancy−$100,521
TX MB gross tax (6.7%)−$37,416
Utilities / ins / mktg (10%)−$55,845
Card surcharge net+$6,143
Net profit $125,093
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$558,452
COGS (30%)−$167,536
Labor (22%)−$122,859
Occupancy−$110,573
TX MB gross tax (6.7%)−$37,416
Utilities / ins / mktg (12%)−$67,014
Card surcharge net+$6,143
Net profit $59,196
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 Raffa Restaurants L.L.C looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $125,093/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 (~$125,093 net) estimated

Revenue multiple
$279k–$447k
0.5–0.8× gross
SDE multiple
$313k–$438k
2.5–3.5× earnings
Cap rate
$379k–$500k
25–33%
Suggested range
$313k–$438k
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 2026-07-21

Lookup pending — check back tomorrow

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