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Financials

MB748085
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Osaka Japanese Steakhouse & Seafood

1207 TRADEWINDS BLVD, Midland, TX 79706 · TABC MB748085

Mixed Beverage Midland Market Enriched 2026-07-10
$414,170 Annual gross (L12M) ▲ 8.1% latest MoM Click for monthly detail
$34,514 Avg monthly ▲ 10.7% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $116,164/yr est. net Click for cost model
$290k–$407k 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 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): $1,035,425 – $1,656,680/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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Osaka Japanese Steakhouse & Seafood is a mixed-beverage licensed establishment at 1207 TRADEWINDS BLVD, Midland, Texas (TABC MB748085). Over the most recent 12 months it reported $414,170 in gross alcohol sales, averaging $34,514/month with a best month of $40,968. Sales mix: ~48% liquor · 40% beer · 12% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $116,164 (~28% margin). Acquisition value is estimated at $290k–$407k 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
$414,170
Avg monthly
$34,514
Best month
$40,968
Feb 2026
Sales mix
48% Liq
40% 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)$3,624/mo
NNN CAM / insurance$544/mo
Total occupancy$4,263/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 $414,170 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$414,170
COGS (24%)−$99,401
Labor (14%)−$57,984
Occupancy−$46,045
TX MB gross tax (6.7%)−$27,749
Utilities / ins / mktg (8%)−$33,134
Card surcharge net+$4,556
Net profit $154,413
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$414,170
COGS (27%)−$111,826
Labor (17%)−$70,409
Occupancy−$51,161
TX MB gross tax (6.7%)−$27,749
Utilities / ins / mktg (10%)−$41,417
Card surcharge net+$4,556
Net profit $116,164
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$414,170
COGS (30%)−$124,251
Labor (22%)−$91,117
Occupancy−$56,277
TX MB gross tax (6.7%)−$27,749
Utilities / ins / mktg (12%)−$49,700
Card surcharge net+$4,556
Net profit $69,631
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 Tokio CORP looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $116,164/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 (~$116,164 net) estimated

Revenue multiple
$207k–$331k
0.5–0.8× gross
SDE multiple
$290k–$407k
2.5–3.5× earnings
Cap rate
$352k–$465k
25–33%
Suggested range
$290k–$407k
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 $1,035,425–$1,656,680/yr in total revenue (your liquor portion of $414,170 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
$1,035k–$1,657k
food + liquor + service
Estimated net (10–15%)
$104k–$249k
restaurant margin
Full-business value
$285k–$911k
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 2026-08-30

Lookup pending — check back tomorrow

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