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MB781761
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Treebeard's Restaurant

9655 KATY FWY STE 3120, Houston, TX 77024 · TABC MB781761

Mixed Beverage Houston Market Enriched 2026-09-10
$409,611 Annual gross (L12M) ▼ 8.0% latest MoM Click for monthly detail
$34,134 Avg monthly ▼ 14.7% latest vs avg Click for monthly detail
~19% Est. net margin (likely) $77,576/yr est. net Click for cost model
$205k–$272k Est. acquisition range 0.58× 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 Adult Entertainment, liquor is typically only 80–95% of total business revenue. Liquor + cover; little food. Estimated total revenue (rough): $431,169 – $512,014/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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Treebeard's Restaurant is a mixed-beverage licensed establishment at 9655 KATY FWY STE 3120, Houston, Texas (TABC MB781761). Over the most recent 12 months it reported $409,611 in gross alcohol sales, averaging $34,134/month with a best month of $39,878. Sales mix: ~41% liquor · 18% beer · 41% wine. The building at this address is owned by MOODY VILLAGE TOWERS DST (380,052 sqft, $81,365,463 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $77,576 (~19% margin). Acquisition value is estimated at $205k–$272k 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
$409,611
Avg monthly
$34,134
Best month
$39,878
May 2026
Sales mix
41% Liq
18% Beer · 41% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1410080010003
Property owner (landlord)MOODY VILLAGE TOWERS DST
Total building SF whole parcel — Treebeard's Restaurant is in STE 3120380,052
Treebeard's Restaurant's footprint estimated — suite-level not on file 2,500 sf
Assessed value$81,365,463

Treebeard's Restaurant's share

Est. base rent ~$26/sqft/yr · 2,500 sqft · Class A $5,352/mo
NNN CAM / insurance$803/mo
NNN property tax$1,070/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $7,326/mo

Occupancy analysis

All-in occupancy cost is 21.5% 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 $409,611 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~29%
Revenue$409,611
COGS (24%)−$98,307
Labor (14%)−$57,346
Occupancy−$79,116
TX MB gross tax (6.7%)−$27,444
Utilities / ins / mktg (8%)−$32,769
Card surcharge net+$4,506
Net profit $119,136
Most Likely
Typical bar, light food program, full two-shift staffing
~19%
Revenue$409,611
COGS (27%)−$110,595
Labor (17%)−$69,634
Occupancy−$87,907
TX MB gross tax (6.7%)−$27,444
Utilities / ins / mktg (10%)−$40,961
Card surcharge net+$4,506
Net profit $77,576
Stressed
Heavy food, larger crew, higher rent
~7%
Revenue$409,611
COGS (30%)−$122,883
Labor (22%)−$90,114
Occupancy−$96,697
TX MB gross tax (6.7%)−$27,444
Utilities / ins / mktg (12%)−$49,153
Card surcharge net+$4,506
Net profit $27,824
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 Treebeard's INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $77,576/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 (~$77,576 net) estimated

Revenue multiple
$205k–$328k
0.5–0.8× gross
SDE multiple
$194k–$272k
2.5–3.5× earnings
Cap rate
$235k–$310k
25–33%
Suggested range
$205k–$272k
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 2026-07-13

Lookup pending — check back tomorrow

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