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Financials

MB779790
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Boxcar Social

116 S EDWARD GARY ST, San Marcos, TX 78666 · TABC MB779790

Mixed Beverage San Marcos Market Enriched 2026-07-11
$233,174 Annual gross (L12M) ▲ 14.6% latest MoM Click for monthly detail
$21,198 Avg monthly ▲ 16.7% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $64,997/yr est. net Click for cost model
$162k–$227k 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $333,106 – $466,348/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

Boxcar Social is a mixed-beverage licensed establishment at 116 S EDWARD GARY ST, San Marcos, Texas (TABC MB779790). Over the most recent 12 months it reported $233,174 in gross alcohol sales, averaging $21,198/month with a best month of $36,755. Sales mix: ~68% liquor · 26% beer · 6% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $64,997 (~28% margin). Acquisition value is estimated at $162k–$227k 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
$233,174
Avg monthly
$21,198
Best month
$36,755
Feb 2026
Sales mix
68% Liq
26% Beer · 6% 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)$2,040/mo
NNN CAM / insurance$306/mo
Total occupancy$2,434/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 $233,174 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$233,174
COGS (24%)−$55,962
Labor (14%)−$32,644
Occupancy−$26,285
TX MB gross tax (6.7%)−$15,623
Utilities / ins / mktg (8%)−$18,654
Card surcharge net+$2,565
Net profit $86,571
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$233,174
COGS (27%)−$62,957
Labor (17%)−$39,640
Occupancy−$29,206
TX MB gross tax (6.7%)−$15,623
Utilities / ins / mktg (10%)−$23,317
Card surcharge net+$2,565
Net profit $64,997
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$233,174
COGS (30%)−$69,952
Labor (22%)−$51,298
Occupancy−$32,126
TX MB gross tax (6.7%)−$15,623
Utilities / ins / mktg (12%)−$27,981
Card surcharge net+$2,565
Net profit $38,759
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 Railyard Bar And Grill LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $64,997/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 (~$64,997 net) estimated

Revenue multiple
$117k–$187k
0.5–0.8× gross
SDE multiple
$162k–$227k
2.5–3.5× earnings
Cap rate
$197k–$260k
25–33%
Suggested range
$162k–$227k
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 2026-08-24

Lookup pending — check back tomorrow

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