Fogo De Chao Churrascaria

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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $2,000,364 – $3,600,656/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.

Executive Summary

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Fogo De Chao Churrascaria is a mixed-beverage licensed establishment at 849 E COMMERCE ST STE 395, San Antonio, Texas (TABC MB723570). Over the most recent 12 months it reported $900,164 in gross alcohol sales, averaging $75,014/month with a best month of $111,970. Sales mix: ~66% liquor · 8% beer · 26% wine. The building at this address is owned by CITY OF SAN ANTONIO $0 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $244,401 (~27% margin). Acquisition value is estimated at $611k–$855k 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

$900,164

Avg monthly

$75,014

Best month

$111,970

May 2025

Sales mix

66% Liq

8% Beer · 26% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1298727

Property owner (landlord)CITY OF SAN ANTONIO

Fogo De Chao Churrascaria's footprint estimated — suite-level not on file 3,500 sf

Assessed value$0

Fogo De Chao Churrascaria's share

Est. base rent ~$27/sqft/yr · 3,500 sqft $7,876/mo

NNN CAM / insurance$1,181/mo

NNN property tax$0/mo

Personal property tax est — no BPP record $173/mo

Total occupancy $9,230/mo

Occupancy analysis

All-in occupancy cost is 12.3% 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 $900,164 gross revenue estimated

Best Case

No kitchen, efficient staffing, favorable lease

~36%

Revenue$900,164

COGS (24%)−$216,039

Labor (14%)−$126,023

Occupancy−$99,689

TX MB gross tax (6.7%)−$60,311

Utilities / ins / mktg (8%)−$72,013

Music licensingASCAP + BMI + SESAC + GMR combined−$8,500

Card surcharge net+$9,902

Net profit $327,491

Most Likely

Typical bar, light food program, full two-shift staffing

~27%

Revenue$900,164

COGS (27%)−$243,044

Labor (17%)−$153,028

Occupancy−$110,765

TX MB gross tax (6.7%)−$60,311

Utilities / ins / mktg (10%)−$90,016

Music licensingASCAP + BMI + SESAC + GMR combined−$8,500

Card surcharge net+$9,902

Net profit $244,401

Stressed

Heavy food, larger crew, higher rent

~16%

Revenue$900,164

COGS (30%)−$270,049

Labor (22%)−$198,036

Occupancy−$121,842

TX MB gross tax (6.7%)−$60,311

Utilities / ins / mktg (12%)−$108,020

Music licensingASCAP + BMI + SESAC + GMR combined−$8,500

Card surcharge net+$9,902

Net profit $143,308

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 Fogo De Chao Churrascaria (San Antonio) LLC looking up officers…

Number of owners

Ownership split

Equal split (50% each)

Based on the "Most Likely" scenario net profit of $244,401/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 (~$244,401 net) estimated

Revenue multiple

$450k–$720k

0.5–0.8× gross

SDE multiple

$611k–$855k

2.5–3.5× earnings

Cap rate

$741k–$978k

25–33%

Suggested range

$611k–$855k

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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $2,000,364–$3,600,656/yr in total revenue (your liquor portion of $900,164 is roughly 25–45% 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

$2,000k–$3,601k

food + liquor + service

Estimated net (10–15%)

$200k–$540k

restaurant margin

Full-business value

$550k–$1,980k

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 2026-05-25

Lookup pending — check back tomorrow

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Financials

Executive Summary

Sales performance · last 12 months

Property & occupancy

Occupancy analysis

Profit scenarios

Owner income estimator

Acquisition value estimate

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

Federal court history