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MB806466
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Longhorn Steakhouse #5425

1005 W UNIVERSITY AVE, Georgetown, TX 78628 · TABC MB806466

Mixed Beverage Georgetown Market Enriched 2026-07-12
$571,666 Annual gross (L12M) ▲ 31.3% latest MoM Click for monthly detail
$47,639 Avg monthly ▲ 22.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $160,724/yr est. net Click for cost model
$402k–$563k 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 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): $1,429,165 – $2,286,664/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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Longhorn Steakhouse #5425 is a mixed-beverage licensed establishment at 1005 W UNIVERSITY AVE, Georgetown, Texas (TABC MB806466). Over the most recent 12 months it reported $571,666 in gross alcohol sales, averaging $47,639/month with a best month of $58,365. Sales mix: ~53% liquor · 25% beer · 22% wine. The building at this address is owned by RARE HOSPITALITY INTERNATIONAL INC $0 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $160,724 (~28% margin). Acquisition value is estimated at $402k–$563k 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
$571,666
Avg monthly
$47,639
Best month
$58,365
May 2026
Sales mix
53% Liq
25% Beer · 22% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record IDR472213
Property owner (landlord)RARE HOSPITALITY INTERNATIONAL INC
Assessed value$0

Longhorn Steakhouse #5425's share

Est. base rent ~$17/sqft/yr · 3,500 sqft $5,002/mo
NNN CAM / insurance$750/mo
NNN property tax$0/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $5,852/mo

Occupancy analysis

All-in occupancy cost is 12.3% 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 $571,666 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$571,666
COGS (24%)−$137,200
Labor (14%)−$80,033
Occupancy−$63,206
TX MB gross tax (6.7%)−$38,302
Utilities / ins / mktg (8%)−$45,733
Card surcharge net+$6,288
Net profit $213,480
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$571,666
COGS (27%)−$154,350
Labor (17%)−$97,183
Occupancy−$70,229
TX MB gross tax (6.7%)−$38,302
Utilities / ins / mktg (10%)−$57,167
Card surcharge net+$6,288
Net profit $160,724
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$571,666
COGS (30%)−$171,500
Labor (22%)−$125,767
Occupancy−$77,252
TX MB gross tax (6.7%)−$38,302
Utilities / ins / mktg (12%)−$68,600
Card surcharge net+$6,288
Net profit $96,534
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 Rare Hospitality International INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $160,724/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 (~$160,724 net) estimated

Revenue multiple
$286k–$457k
0.5–0.8× gross
SDE multiple
$402k–$563k
2.5–3.5× earnings
Cap rate
$487k–$643k
25–33%
Suggested range
$402k–$563k
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 $1,429,165–$2,286,664/yr in total revenue (your liquor portion of $571,666 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
$1,429k–$2,287k
food + liquor + service
Estimated net (10–15%)
$143k–$343k
restaurant margin
Full-business value
$393k–$1,258k
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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