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Financials

MB717348
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Side Yard & The Spot

3204 SEAWALL BLVD STE A, Galveston, TX 77550 · TABC MB717348

Mixed Beverage Galveston Market Enriched 2026-05-24
$3,116,511 Annual gross (L12M) ▼ 12.0% latest MoM Click for monthly detail
$259,709 Avg monthly ▼ 0.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $877,002/yr est. net Click for cost model
$2,193k–$3,070k 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): $3,116,511 – $3,462,790/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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Side Yard & The Spot is a mixed-beverage licensed establishment at 3204 SEAWALL BLVD STE A, Galveston, Texas (TABC MB717348). Over the most recent 12 months it reported $3,116,511 in gross alcohol sales, averaging $259,709/month with a best month of $365,088. Sales mix: ~76% liquor · 22% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $877,002 (~28% margin). Acquisition value is estimated at $2,193k–$3,070k 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
$3,116,511
Avg monthly
$259,709
Best month
$365,088
Jul 2025
Sales mix
76% Liq
22% Beer · 2% 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)$27,269/mo
NNN CAM / insurance$4,090/mo
Total occupancy$31,839/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 $3,116,511 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$3,116,511
COGS (24%)−$747,963
Labor (14%)−$436,312
Occupancy−$343,862
TX MB gross tax (6.7%)−$208,806
Utilities / ins / mktg (8%)−$249,321
Card surcharge net+$34,282
Net profit $1,164,529
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$3,116,511
COGS (27%)−$841,458
Labor (17%)−$529,807
Occupancy−$382,069
TX MB gross tax (6.7%)−$208,806
Utilities / ins / mktg (10%)−$311,651
Card surcharge net+$34,282
Net profit $877,002
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$3,116,511
COGS (30%)−$934,953
Labor (22%)−$685,632
Occupancy−$420,276
TX MB gross tax (6.7%)−$208,806
Utilities / ins / mktg (12%)−$373,981
Card surcharge net+$34,282
Net profit $527,144
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 Island Famous Hospitality No. 1 INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $877,002/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 (~$877,002 net) estimated

Revenue multiple
$1.56M–$2.49M
0.5–0.8× gross
SDE multiple
$2.19M–$3.07M
2.5–3.5× earnings
Cap rate
$2.66M–$3.51M
25–33%
Suggested range
$2,193k–$3,070k
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 2026-05-23

Lookup pending — check back tomorrow

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