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Financials

MB686072
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Hooters

20150 HIGHWAY 59 N, Humble, TX 77338 · TABC MB686072

Mixed Beverage Humble Market Enriched 2026-09-13
$717,904 Annual gross (L12M) ▼ 100.0% latest MoM Click for monthly detail
$65,264 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $160,810/yr est. net Click for cost model
$402k–$563k 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $1,025,577 – $1,435,808/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

Hooters is a mixed-beverage licensed establishment at 20150 HIGHWAY 59 N, Humble, Texas (TABC MB686072). Over the most recent 12 months it reported $717,904 in gross alcohol sales, averaging $65,264/month with a best month of $71,967. Sales mix: ~31% liquor · 68% beer · 0% wine. The building at this address is owned by SALTGRASS INC (9,940 sqft, $3,350,870 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $160,810 (~22% margin). Acquisition value is estimated at $402k–$563k 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
$717,904
Avg monthly
$65,264
Best month
$71,967
Aug 2025
Sales mix
31% Liq
68% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1198590010005
Property owner (landlord)SALTGRASS INC
Total building SF9,940
Assessed value$3,350,870

Hooters's share

Est. base rent ~$25/sqft/yr · 3,500 sqft · Class A $7,187/mo
NNN CAM / insurance$1,078/mo
NNN property tax$2,360/mo
Personal property tax est — no BPP record $144/mo
Total occupancy $10,769/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 $717,904 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$717,904
COGS (24%)−$172,297
Labor (14%)−$100,507
Occupancy−$116,300
TX MB gross tax (6.7%)−$48,100
Utilities / ins / mktg (8%)−$57,432
Card surcharge net+$7,897
Net profit $231,165
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$717,904
COGS (27%)−$193,834
Labor (17%)−$122,044
Occupancy−$129,223
TX MB gross tax (6.7%)−$48,100
Utilities / ins / mktg (10%)−$71,790
Card surcharge net+$7,897
Net profit $160,810
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$717,904
COGS (30%)−$215,371
Labor (22%)−$157,939
Occupancy−$142,145
TX MB gross tax (6.7%)−$48,100
Utilities / ins / mktg (12%)−$86,148
Card surcharge net+$7,897
Net profit $76,098
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 Tw Restaurant Holder LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $160,810/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 (~$160,810 net) estimated

Revenue multiple
$359k–$574k
0.5–0.8× gross
SDE multiple
$402k–$563k
2.5–3.5× earnings
Cap rate
$487k–$643k
25–33%
Suggested range
$402k–$563k
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

20 cases on file · 18 currently open · public records

20 federal cases
18 currently open
18 bankruptcy
1 wage-and-hour
Most recent filing
Hooters of America, LLC and Wind-Down Entities - Adversary Proceeding
TXNB · 2025-06-17 · CLOSED
Public records, last checked 2026-05-22