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MB814245
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Saltgrass Steakhouse

23952 NORTHWEST FWY, Cypress, TX 77429 · TABC MB814245

Mixed Beverage Cypress Market Enriched 2026-07-12
$662,709 Annual gross (L12M) ▲ 18.0% latest MoM Click for monthly detail
$55,226 Avg monthly ▲ 9.9% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $148,447/yr est. net Click for cost model
$371k–$520k 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): $1,656,772 – $2,650,836/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 23952 NORTHWEST FWY, Cypress, Texas (TABC MB814245). Over the most recent 12 months it reported $662,709 in gross alcohol sales, averaging $55,226/month with a best month of $71,138. Sales mix: ~62% liquor · 16% beer · 22% wine. The building at this address is owned by NNN REIT INC (10,996 sqft, $3,600,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $148,447 (~22% margin). Acquisition value is estimated at $371k–$520k 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
$662,709
Avg monthly
$55,226
Best month
$71,138
Dec 2025
Sales mix
62% Liq
16% Beer · 22% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1229540010009
Property owner (landlord)NNN REIT INC
Total building SF10,996
Assessed value$3,600,000

Saltgrass Steakhouse's share

Est. base rent ~$22/sqft/yr · 3,500 sqft · Class A $6,536/mo
NNN CAM / insurance$980/mo
NNN property tax$2,292/mo
Personal property tax est — no BPP record $133/mo
Total occupancy $9,941/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 $662,709 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$662,709
COGS (24%)−$159,050
Labor (14%)−$92,779
Occupancy−$107,359
TX MB gross tax (6.7%)−$44,402
Utilities / ins / mktg (8%)−$53,017
Card surcharge net+$7,290
Net profit $213,392
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$662,709
COGS (27%)−$178,931
Labor (17%)−$112,661
Occupancy−$119,288
TX MB gross tax (6.7%)−$44,402
Utilities / ins / mktg (10%)−$66,271
Card surcharge net+$7,290
Net profit $148,447
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$662,709
COGS (30%)−$198,813
Labor (22%)−$145,796
Occupancy−$131,216
TX MB gross tax (6.7%)−$44,402
Utilities / ins / mktg (12%)−$79,525
Card surcharge net+$7,290
Net profit $70,247
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 $148,447/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 (~$148,447 net) estimated

Revenue multiple
$331k–$530k
0.5–0.8× gross
SDE multiple
$371k–$520k
2.5–3.5× earnings
Cap rate
$450k–$594k
25–33%
Suggested range
$371k–$520k
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 $1,656,772–$2,650,836/yr in total revenue (your liquor portion of $662,709 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
$1,657k–$2,651k
food + liquor + service
Estimated net (10–15%)
$166k–$398k
restaurant margin
Full-business value
$456k–$1,458k
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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