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MB788433
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Saltgrass Steakhouse

2885 CINEMA RDG, San Antonio, TX 78238 · TABC MB788433

Mixed Beverage San Antonio Market Enriched 2026-09-11
$529,783 Annual gross (L12M) ▼ 1.4% latest MoM Click for monthly detail
$44,149 Avg monthly ▼ 7.5% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $118,671/yr est. net Click for cost model
$297k–$415k Est. acquisition range 0.67× 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): $1,324,458 – $2,119,132/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

Saltgrass Steakhouse is a mixed-beverage licensed establishment at 2885 CINEMA RDG, San Antonio, Texas (TABC MB788433). Over the most recent 12 months it reported $529,783 in gross alcohol sales, averaging $44,149/month with a best month of $48,761. Sales mix: ~67% liquor · 26% beer · 7% wine. The building at this address is owned by REGAL CINEMAS INC $5,557,660 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $118,671 (~22% margin). Acquisition value is estimated at $297k–$415k 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
$529,783
Avg monthly
$44,149
Best month
$48,761
Mar 2026
Sales mix
67% Liq
26% Beer · 7% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID549774
Property owner (landlord)REGAL CINEMAS INC
Assessed value$5,557,660

Saltgrass Steakhouse's share

Est. base rent ~$19/sqft/yr · 3,500 sqft · Class A $5,450/mo
NNN CAM / insurance$818/mo
NNN property tax$1,677/mo
Personal property tax own fixtures · Prop 1296490 $2/mo
Total occupancy $7,947/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $529,783 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$529,783
COGS (24%)−$127,148
Labor (14%)−$74,170
Occupancy−$85,825
TX MB gross tax (6.7%)−$35,495
Utilities / ins / mktg (8%)−$42,383
Card surcharge net+$5,828
Net profit $170,590
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$529,783
COGS (27%)−$143,041
Labor (17%)−$90,063
Occupancy−$95,361
TX MB gross tax (6.7%)−$35,495
Utilities / ins / mktg (10%)−$52,978
Card surcharge net+$5,828
Net profit $118,671
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$529,783
COGS (30%)−$158,935
Labor (22%)−$116,552
Occupancy−$104,897
TX MB gross tax (6.7%)−$35,495
Utilities / ins / mktg (12%)−$63,574
Card surcharge net+$5,828
Net profit $56,157
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 Saltgrass INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $118,671/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 (~$118,671 net) estimated

Revenue multiple
$265k–$424k
0.5–0.8× gross
SDE multiple
$297k–$415k
2.5–3.5× earnings
Cap rate
$360k–$475k
25–33%
Suggested range
$297k–$415k
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 $1,324,458–$2,119,132/yr in total revenue (your liquor portion of $529,783 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
$1,324k–$2,119k
food + liquor + service
Estimated net (10–15%)
$132k–$318k
restaurant margin
Full-business value
$364k–$1,166k
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 2026-05-22

Lookup pending — check back tomorrow

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