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MB679831
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Iguana Joe's Mexican Restaurant

5710 E SAM HOUSTON PKWY N, Houston, TX 77015 · TABC MB679831

Mixed Beverage Houston Market Enriched 2026-07-11
$514,489 Annual gross (L12M) ▲ 25.1% latest MoM Click for monthly detail
$42,874 Avg monthly ▲ 35.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $115,246/yr est. net Click for cost model
$288k–$403k 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 Mexican Restaurant, liquor is typically only 20–35% of total business revenue. Mexican restaurant. Margaritas + tequila lift the liquor share but food still dominates. Estimated total revenue (rough): $1,469,969 – $2,572,445/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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Iguana Joe's Mexican Restaurant is a mixed-beverage licensed establishment at 5710 E SAM HOUSTON PKWY N, Houston, Texas (TABC MB679831). Over the most recent 12 months it reported $514,489 in gross alcohol sales, averaging $42,874/month with a best month of $57,872. Sales mix: ~75% liquor · 25% beer · 0% wine. The building at this address is owned by WSH TX SAM HOUSTON LLC (19,468 sqft, $5,664,607 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $115,246 (~22% margin). Acquisition value is estimated at $288k–$403k 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
$514,489
Avg monthly
$42,874
Best month
$57,872
May 2026
Sales mix
75% Liq
25% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1138350000043
Property owner (landlord)WSH TX SAM HOUSTON LLC
Total building SF19,468
Assessed value$5,664,607

Iguana Joe's Mexican Restaurant's share

Est. base rent ~$17/sqft/yr · 3,500 sqft · Class A $4,850/mo
NNN CAM / insurance$728/mo
NNN property tax$2,037/mo
Personal property tax est — no BPP record $103/mo
Total occupancy $7,717/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 $514,489 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$514,489
COGS (24%)−$123,477
Labor (14%)−$72,028
Occupancy−$83,347
TX MB gross tax (6.7%)−$34,471
Utilities / ins / mktg (8%)−$41,159
Card surcharge net+$5,659
Net profit $165,665
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$514,489
COGS (27%)−$138,912
Labor (17%)−$87,463
Occupancy−$92,608
TX MB gross tax (6.7%)−$34,471
Utilities / ins / mktg (10%)−$51,449
Card surcharge net+$5,659
Net profit $115,246
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$514,489
COGS (30%)−$154,347
Labor (22%)−$113,188
Occupancy−$101,869
TX MB gross tax (6.7%)−$34,471
Utilities / ins / mktg (12%)−$61,739
Card surcharge net+$5,659
Net profit $54,536
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 Iguana Joe's Bw8 INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $115,246/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 (~$115,246 net) estimated

Revenue multiple
$257k–$412k
0.5–0.8× gross
SDE multiple
$288k–$403k
2.5–3.5× earnings
Cap rate
$349k–$461k
25–33%
Suggested range
$288k–$403k
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 · Mexican Restaurant

If you're buying the whole restaurant, not just the bar program

We estimate this mexican restaurant pulls $1,469,969–$2,572,445/yr in total revenue (your liquor portion of $514,489 is roughly 20–35% 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
$1,470k–$2,572k
food + liquor + service
Estimated net (10–15%)
$147k–$386k
restaurant margin
Full-business value
$404k–$1,415k
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 2026-06-18

Lookup pending — check back tomorrow

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