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MB782691
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Boardwalk Fantasea

555 BRADFORD AVE, Kemah, TX 77565 · TABC MB782691

Mixed Beverage Kemah Market Enriched 2026-09-06
$294,746 Annual gross (L12M) ▼ 28.9% latest MoM Click for monthly detail
$24,562 Avg monthly ▼ 15.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $82,337/yr est. net Click for cost model
$206k–$288k 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 Adult Entertainment, liquor is typically only 80–95% of total business revenue. Liquor + cover; little food. Estimated total revenue (rough): $310,259 – $368,432/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

Boardwalk Fantasea is a mixed-beverage licensed establishment at 555 BRADFORD AVE, Kemah, Texas (TABC MB782691). Over the most recent 12 months it reported $294,746 in gross alcohol sales, averaging $24,562/month with a best month of $69,566. Sales mix: ~62% liquor · 20% beer · 19% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $82,337 (~28% margin). Acquisition value is estimated at $206k–$288k 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
$294,746
Avg monthly
$24,562
Best month
$69,566
Dec 2025
Sales mix
62% Liq
20% Beer · 19% 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)$2,579/mo
NNN CAM / insurance$387/mo
Total occupancy$3,062/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 $294,746 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$294,746
COGS (24%)−$70,739
Labor (14%)−$41,264
Occupancy−$33,067
TX MB gross tax (6.7%)−$19,748
Utilities / ins / mktg (8%)−$23,580
Card surcharge net+$3,242
Net profit $109,591
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$294,746
COGS (27%)−$79,581
Labor (17%)−$50,107
Occupancy−$36,741
TX MB gross tax (6.7%)−$19,748
Utilities / ins / mktg (10%)−$29,475
Card surcharge net+$3,242
Net profit $82,337
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$294,746
COGS (30%)−$88,424
Labor (22%)−$64,844
Occupancy−$40,415
TX MB gross tax (6.7%)−$19,748
Utilities / ins / mktg (12%)−$35,370
Card surcharge net+$3,242
Net profit $49,188
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 Marina Acquisition Of Florida LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $82,337/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 (~$82,337 net) estimated

Revenue multiple
$147k–$236k
0.5–0.8× gross
SDE multiple
$206k–$288k
2.5–3.5× earnings
Cap rate
$250k–$329k
25–33%
Suggested range
$206k–$288k
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 2026-07-05

Lookup pending — check back tomorrow

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