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Financials

MB679718
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Perry's Grill & Steakhouse

6700 WOODLANDS PKWY STE 300, Spring, TX 77382 · TABC MB679718

Mixed Beverage Spring Market Enriched 2026-05-24
$3,057,421 Annual gross (L12M) ▲ 12.0% latest MoM Click for monthly detail
$254,785 Avg monthly ▼ 7.9% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $860,514/yr est. net Click for cost model
$2,151k–$3,012k 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): $7,643,552 – $12,229,684/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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Perry's Grill & Steakhouse is a mixed-beverage licensed establishment at 6700 WOODLANDS PKWY STE 300, Spring, Texas (TABC MB679718). Over the most recent 12 months it reported $3,057,421 in gross alcohol sales, averaging $254,785/month with a best month of $345,841. Sales mix: ~42% liquor · 2% beer · 55% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $860,514 (~28% margin). Acquisition value is estimated at $2,151k–$3,012k 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
$3,057,421
Avg monthly
$254,785
Best month
$345,841
Dec 2025
Sales mix
42% Liq
2% Beer · 55% 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)$26,752/mo
NNN CAM / insurance$4,013/mo
Total occupancy$31,224/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 $3,057,421 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$3,057,421
COGS (24%)−$733,781
Labor (14%)−$428,039
Occupancy−$337,215
TX MB gross tax (6.7%)−$204,847
Utilities / ins / mktg (8%)−$244,594
Card surcharge net+$33,632
Net profit $1,142,577
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$3,057,421
COGS (27%)−$825,504
Labor (17%)−$519,762
Occupancy−$374,684
TX MB gross tax (6.7%)−$204,847
Utilities / ins / mktg (10%)−$305,742
Card surcharge net+$33,632
Net profit $860,514
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$3,057,421
COGS (30%)−$917,226
Labor (22%)−$672,633
Occupancy−$412,152
TX MB gross tax (6.7%)−$204,847
Utilities / ins / mktg (12%)−$366,891
Card surcharge net+$33,632
Net profit $517,304
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 Perry's Restaurants LTD looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $860,514/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 (~$860,514 net) estimated

Revenue multiple
$1.53M–$2.45M
0.5–0.8× gross
SDE multiple
$2.15M–$3.01M
2.5–3.5× earnings
Cap rate
$2.61M–$3.44M
25–33%
Suggested range
$2,151k–$3,012k
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 $7,643,552–$12,229,684/yr in total revenue (your liquor portion of $3,057,421 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
$7,644k–$12,230k
food + liquor + service
Estimated net (10–15%)
$764k–$1,834k
restaurant margin
Full-business value
$2,102k–$6,726k
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 2026-07-06

Lookup pending — check back tomorrow

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