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Financials

MB663094
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The Hidden Door-Corpus

802 S STAPLES ST, Corpus Christi, TX 78404 · TABC MB663094

Mixed Beverage Corpus Christi Market Enriched 2026-06-19
$860,096 Annual gross (L12M) ▲ 1.5% latest MoM Click for monthly detail
$71,675 Avg monthly ▲ 3.9% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $241,644/yr est. net Click for cost model
$604k–$846k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $860,096 – $955,662/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 Hidden Door-Corpus is a mixed-beverage licensed establishment at 802 S STAPLES ST, Corpus Christi, Texas (TABC MB663094). Over the most recent 12 months it reported $860,096 in gross alcohol sales, averaging $71,675/month with a best month of $79,370. Sales mix: ~72% liquor · 27% beer · 1% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $241,644 (~28% margin). Acquisition value is estimated at $604k–$846k 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
$860,096
Avg monthly
$71,675
Best month
$79,370
May 2025
Sales mix
72% Liq
27% Beer · 1% 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)$7,526/mo
NNN CAM / insurance$1,129/mo
Total occupancy$8,820/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 $860,096 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$860,096
COGS (24%)−$206,423
Labor (14%)−$120,413
Occupancy−$95,251
TX MB gross tax (6.7%)−$57,626
Utilities / ins / mktg (8%)−$68,808
Card surcharge net+$9,461
Net profit $321,035
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$860,096
COGS (27%)−$232,226
Labor (17%)−$146,216
Occupancy−$105,835
TX MB gross tax (6.7%)−$57,626
Utilities / ins / mktg (10%)−$86,010
Card surcharge net+$9,461
Net profit $241,644
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$860,096
COGS (30%)−$258,029
Labor (22%)−$189,221
Occupancy−$116,418
TX MB gross tax (6.7%)−$57,626
Utilities / ins / mktg (12%)−$103,212
Card surcharge net+$9,461
Net profit $145,051
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 The Hidden Door -- Corpus Christi INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $241,644/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 (~$241,644 net) estimated

Revenue multiple
$430k–$688k
0.5–0.8× gross
SDE multiple
$604k–$846k
2.5–3.5× earnings
Cap rate
$732k–$967k
25–33%
Suggested range
$604k–$846k
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 2026-06-30

Lookup pending — check back tomorrow

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