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Financials

MB681018
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Perry's Steakhouse & Grille

9827 KATY FWY, Houston, TX 77024 · TABC MB681018

Mixed Beverage Houston Market Enriched 2026-05-19
$1,701,813 Annual gross (L12M) ▼ 22.0% latest MoM Click for monthly detail
$141,818 Avg monthly ▼ 13.6% latest vs avg Click for monthly detail
~29% Est. net margin (likely) $500,860/yr est. net Click for cost model
$1,252k–$1,702k Est. acquisition range 0.87× 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): $4,254,532 – $6,807,252/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 Steakhouse & Grille is a mixed-beverage licensed establishment at 9827 KATY FWY, Houston, Texas (TABC MB681018). Over the most recent 12 months it reported $1,701,813 in gross alcohol sales, averaging $141,818/month with a best month of $292,134. Sales mix: ~45% liquor · 3% beer · 52% wine. The building at this address is owned by METRO NATL CORP (19,758 sqft, $4,453,804 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $500,860 (~29% margin). Acquisition value is estimated at $1,252k–$1,702k 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
$1,701,813
Avg monthly
$141,818
Best month
$292,134
Dec 2025
Sales mix
45% Liq
3% Beer · 52% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0972860000001
Property owner (landlord)METRO NATL CORP
Total building SF19,758
Assessed value$4,453,804

Perry's Steakhouse & Grille's share

Est. base rent ~$27/sqft/yr · 5,000 sqft · Class A $11,271/mo
NNN CAM / insurance$1,691/mo
NNN property tax$2,254/mo
Personal property tax est — no BPP record $340/mo
Total occupancy $15,556/mo

Occupancy analysis

All-in occupancy cost is 11.0% 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 $1,701,813 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$1,701,813
COGS (24%)−$408,435
Labor (14%)−$238,254
Occupancy−$168,005
TX MB gross tax (6.7%)−$114,021
Utilities / ins / mktg (8%)−$136,145
Card surcharge net+$18,720
Net profit $655,672
Most Likely
Typical bar, light food program, full two-shift staffing
~29%
Revenue$1,701,813
COGS (27%)−$459,490
Labor (17%)−$289,308
Occupancy−$186,673
TX MB gross tax (6.7%)−$114,021
Utilities / ins / mktg (10%)−$170,181
Card surcharge net+$18,720
Net profit $500,860
Stressed
Heavy food, larger crew, higher rent
~18%
Revenue$1,701,813
COGS (30%)−$510,544
Labor (22%)−$374,399
Occupancy−$205,340
TX MB gross tax (6.7%)−$114,021
Utilities / ins / mktg (12%)−$204,218
Card surcharge net+$18,720
Net profit $312,011
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 $500,860/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 (~$500,860 net) estimated

Revenue multiple
$851k–$1.36M
0.5–0.8× gross
SDE multiple
$1.25M–$1.75M
2.5–3.5× earnings
Cap rate
$1.52M–$2.00M
25–33%
Suggested range
$1,252k–$1,702k
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 $4,254,532–$6,807,252/yr in total revenue (your liquor portion of $1,701,813 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
$4,255k–$6,807k
food + liquor + service
Estimated net (10–15%)
$425k–$1,021k
restaurant margin
Full-business value
$1,170k–$3,744k
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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