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MB796621
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Eddie V's #8507

12848 QUEENSBURY LN STE 200, Houston, TX 77024 · TABC MB796621

Mixed Beverage Houston Market Enriched 2026-05-19
$1,550,726 Annual gross (L12M) ▼ 2.4% latest MoM Click for monthly detail
$129,227 Avg monthly ▼ 5.1% latest vs avg Click for monthly detail
~26% Est. net margin (likely) $407,656/yr est. net Click for cost model
$1,019k–$1,427k Est. acquisition range 0.79× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $3,446,058 – $6,202,904/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

Eddie V's #8507 is a mixed-beverage licensed establishment at 12848 QUEENSBURY LN STE 200, Houston, Texas (TABC MB796621). Over the most recent 12 months it reported $1,550,726 in gross alcohol sales, averaging $129,227/month with a best month of $240,706. Sales mix: ~52% liquor · 2% beer · 46% wine. The building at this address is owned by TGM CCV PROPERTY LLC (109,423 sqft, $29,060,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $407,656 (~26% margin). Acquisition value is estimated at $1,019k–$1,427k 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
$1,550,726
Avg monthly
$129,227
Best month
$240,706
Dec 2025
Sales mix
52% Liq
2% Beer · 46% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1281720010001
Property owner (landlord)TGM CCV PROPERTY LLC
Total building SF whole parcel — Eddie V's #8507 is in STE 200109,423
Eddie V's #8507's footprint estimated — suite-level not on file 5,000 sf
Assessed value$29,060,000

Eddie V's #8507's share

Est. base rent ~$32/sqft/yr · 5,000 sqft · Class A $13,279/mo
NNN CAM / insurance$1,992/mo
NNN property tax$2,656/mo
Personal property tax est — no BPP record $310/mo
Total occupancy $18,236/mo

Occupancy analysis

All-in occupancy cost is 14.1% 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 $1,550,726 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~36%
Revenue$1,550,726
COGS (24%)−$372,174
Labor (14%)−$217,102
Occupancy−$196,954
TX MB gross tax (6.7%)−$103,899
Utilities / ins / mktg (8%)−$124,058
Card surcharge net+$17,058
Net profit $553,598
Most Likely
Typical bar, light food program, full two-shift staffing
~26%
Revenue$1,550,726
COGS (27%)−$418,696
Labor (17%)−$263,623
Occupancy−$218,837
TX MB gross tax (6.7%)−$103,899
Utilities / ins / mktg (10%)−$155,073
Card surcharge net+$17,058
Net profit $407,656
Stressed
Heavy food, larger crew, higher rent
~15%
Revenue$1,550,726
COGS (30%)−$465,218
Labor (22%)−$341,160
Occupancy−$240,721
TX MB gross tax (6.7%)−$103,899
Utilities / ins / mktg (12%)−$186,087
Card surcharge net+$17,058
Net profit $230,700
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 Eddie V's Holdings LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $407,656/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 (~$407,656 net) estimated

Revenue multiple
$775k–$1.24M
0.5–0.8× gross
SDE multiple
$1.02M–$1.43M
2.5–3.5× earnings
Cap rate
$1.24M–$1.63M
25–33%
Suggested range
$1,019k–$1,427k
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 · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $3,446,058–$6,202,904/yr in total revenue (your liquor portion of $1,550,726 is roughly 25–45% 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
$3,446k–$6,203k
food + liquor + service
Estimated net (10–15%)
$345k–$930k
restaurant margin
Full-business value
$948k–$3,412k
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

2 cases on file · public records

2 federal cases
1 bankruptcy
As defendant in 1 case
Most recent filing
Edgar v. Eddie V's Holdings, LLC
TNMD · 2023-09-20 · CLOSED
Public records, last checked 2026-05-22