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Financials

MB842546
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Brewingz

22503 STATE HIGHWAY 249 STE 400, Houston, TX 77070 · TABC MB842546

Mixed Beverage Houston Market Enriched 2026-07-11
$109,066 Annual gross (L12M) ▼ 100.0% latest MoM Click for monthly detail
$9,915 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $24,431/yr est. net Click for cost model
$61k–$86k 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 Beer Bar, liquor is typically only 90–98% of total business revenue. Beer-only, minimal food. Estimated total revenue (rough): $111,292 – $121,184/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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Brewingz is a mixed-beverage licensed establishment at 22503 STATE HIGHWAY 249 STE 400, Houston, Texas (TABC MB842546). Over the most recent 12 months it reported $109,066 in gross alcohol sales, averaging $9,915/month with a best month of $11,917. Sales mix: ~36% liquor · 64% beer · 0% wine. The building at this address is owned by BRIXMOR HOLDINGS 12 SPE LLC (86,740 sqft, $25,556,330 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $24,431 (~22% margin). Acquisition value is estimated at $61k–$86k 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
$109,066
Avg monthly
$9,915
Best month
$11,917
Feb 2026
Sales mix
36% Liq
64% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1265280010001
Property owner (landlord)BRIXMOR HOLDINGS 12 SPE LLC
Total building SF whole parcel — Brewingz is in STE 40086,740
Brewingz's footprint estimated — suite-level not on file 2,500 sf
Assessed value$25,556,330

Brewingz's share

Est. base rent ~$0/sqft/yr · 2,500 sqft · Class A $55/mo
NNN CAM / insurance$8/mo
NNN property tax$1,473/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $1,636/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 $109,066 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$109,066
COGS (24%)−$26,176
Labor (14%)−$15,269
Occupancy−$17,669
TX MB gross tax (6.7%)−$7,307
Utilities / ins / mktg (8%)−$8,725
Card surcharge net+$1,200
Net profit $35,119
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$109,066
COGS (27%)−$29,448
Labor (17%)−$18,541
Occupancy−$19,632
TX MB gross tax (6.7%)−$7,307
Utilities / ins / mktg (10%)−$10,907
Card surcharge net+$1,200
Net profit $24,431
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$109,066
COGS (30%)−$32,720
Labor (22%)−$23,995
Occupancy−$21,595
TX MB gross tax (6.7%)−$7,307
Utilities / ins / mktg (12%)−$13,088
Card surcharge net+$1,200
Net profit $11,561
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 Gsm Wings Vi LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $24,431/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 (~$24,431 net) estimated

Revenue multiple
$55k–$87k
0.5–0.8× gross
SDE multiple
$61k–$86k
2.5–3.5× earnings
Cap rate
$74k–$98k
25–33%
Suggested range
$61k–$86k
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 2026-06-06

No federal lawsuits — past or pending