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Financials

MB734857
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Pelican Station

201 S GARCIA ST, Port Isabel, TX 78578 · TABC MB734857

Mixed Beverage Port Isabel Market Enriched 2026-07-10
$486,324 Annual gross (L12M) ▲ 31.1% latest MoM Click for monthly detail
$40,527 Avg monthly ▲ 15.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $136,601/yr est. net Click for cost model
$342k–$478k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $511,920 – $572,146/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

Pelican Station is a mixed-beverage licensed establishment at 201 S GARCIA ST, Port Isabel, Texas (TABC MB734857). Over the most recent 12 months it reported $486,324 in gross alcohol sales, averaging $40,527/month with a best month of $54,945. Sales mix: ~61% liquor · 27% beer · 12% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $136,601 (~28% margin). Acquisition value is estimated at $342k–$478k 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
$486,324
Avg monthly
$40,527
Best month
$54,945
Feb 2026
Sales mix
61% Liq
27% Beer · 12% 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)$4,255/mo
NNN CAM / insurance$638/mo
Total occupancy$4,989/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 $486,324 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$486,324
COGS (24%)−$116,718
Labor (14%)−$68,085
Occupancy−$53,886
TX MB gross tax (6.7%)−$32,584
Utilities / ins / mktg (8%)−$38,906
Card surcharge net+$5,350
Net profit $181,495
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$486,324
COGS (27%)−$131,307
Labor (17%)−$82,675
Occupancy−$59,874
TX MB gross tax (6.7%)−$32,584
Utilities / ins / mktg (10%)−$48,632
Card surcharge net+$5,350
Net profit $136,601
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$486,324
COGS (30%)−$145,897
Labor (22%)−$106,991
Occupancy−$65,861
TX MB gross tax (6.7%)−$32,584
Utilities / ins / mktg (12%)−$58,359
Card surcharge net+$5,350
Net profit $81,982
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 Dirty Als 2 INC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $136,601/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 (~$136,601 net) estimated

Revenue multiple
$243k–$389k
0.5–0.8× gross
SDE multiple
$342k–$478k
2.5–3.5× earnings
Cap rate
$414k–$546k
25–33%
Suggested range
$342k–$478k
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 2026-07-16

Lookup pending — check back tomorrow

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