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Financials

MB769991
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Laguna Bob

201 W PIKE ST, South Padre Island, TX 78597 · TABC MB769991

Mixed Beverage South Padre Island Market Enriched 2026-06-15
$1,376,328 Annual gross (L12M) ▼ 29.3% latest MoM Click for monthly detail
$114,694 Avg monthly ▲ 2.0% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $386,679/yr est. net Click for cost model
$967k–$1,353k 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 Wine Bar, liquor is typically only 80–95% of total business revenue. Wine + spirits dominant. Estimated total revenue (rough): $1,448,766 – $1,720,410/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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Laguna Bob is a mixed-beverage licensed establishment at 201 W PIKE ST, South Padre Island, Texas (TABC MB769991). Over the most recent 12 months it reported $1,376,328 in gross alcohol sales, averaging $114,694/month with a best month of $168,383. Sales mix: ~56% liquor · 43% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $386,679 (~28% margin). Acquisition value is estimated at $967k–$1,353k 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
$1,376,328
Avg monthly
$114,694
Best month
$168,383
Feb 2026
Sales mix
56% Liq
43% 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)$12,043/mo
NNN CAM / insurance$1,806/mo
Total occupancy$14,113/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 $1,376,328 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,376,328
COGS (24%)−$330,319
Labor (14%)−$192,686
Occupancy−$152,421
TX MB gross tax (6.7%)−$92,214
Utilities / ins / mktg (8%)−$110,106
Card surcharge net+$15,140
Net profit $513,721
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,376,328
COGS (27%)−$371,609
Labor (17%)−$233,976
Occupancy−$169,357
TX MB gross tax (6.7%)−$92,214
Utilities / ins / mktg (10%)−$137,633
Card surcharge net+$15,140
Net profit $386,679
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,376,328
COGS (30%)−$412,898
Labor (22%)−$302,792
Occupancy−$186,293
TX MB gross tax (6.7%)−$92,214
Utilities / ins / mktg (12%)−$165,159
Card surcharge net+$15,140
Net profit $232,111
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 Laguna Bob's LLC looking up officers…
6
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $386,679/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 (~$386,679 net) estimated

Revenue multiple
$688k–$1.10M
0.5–0.8× gross
SDE multiple
$967k–$1.35M
2.5–3.5× earnings
Cap rate
$1.17M–$1.55M
25–33%
Suggested range
$967k–$1,353k
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 2026-06-10

Lookup pending — check back tomorrow

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