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Financials

MB864816
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The Turkey Leg Hut

4830 ALMEDA RD STE A, Houston, TX 77004 · TABC MB864816

Mixed Beverage Houston Market Enriched 2026-09-13
$179,101 Annual gross (L12M) — 0.0% latest MoM Click for monthly detail
$44,775 Avg monthly — 0.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $40,119/yr est. net Click for cost model
$100k–$140k Est. acquisition range 0.67× annual gross (blended) Click for valuation methods
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Executive Summary

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The Turkey Leg Hut is a mixed-beverage licensed establishment at 4830 ALMEDA RD STE A, Houston, Texas (TABC MB864816). Over the most recent 12 months it reported $179,101 in gross alcohol sales, averaging $44,775/month with a best month of $44,776. The building at this address is owned by CNPH PROPERTIES LLC (2,500 sqft, $1,400,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $40,119 (~22% margin). Acquisition value is estimated at $100k–$140k 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
$179,101
Avg monthly
$44,775
Best month
$44,776
Dec 2025
Sales mix
—

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0250240560001
Property owner (landlord)CNPH PROPERTIES LLC
Total building SF whole parcel — The Turkey Leg Hut is in STE A2,500
The Turkey Leg Hut's footprint estimated — suite-level not on file 2,500 sf
Assessed value$1,400,000

The Turkey Leg Hut's share

Est. base rent ~$5/sqft/yr · 2,500 sqft · Class A $1,032/mo
NNN CAM / insurance$155/mo
NNN property tax$1,400/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $2,687/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 $179,101 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$179,101
COGS (24%)−$42,984
Labor (14%)−$25,074
Occupancy−$29,014
TX MB gross tax (6.7%)−$12,000
Utilities / ins / mktg (8%)−$14,328
Card surcharge net+$1,970
Net profit $57,671
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$179,101
COGS (27%)−$48,357
Labor (17%)−$30,447
Occupancy−$32,238
TX MB gross tax (6.7%)−$12,000
Utilities / ins / mktg (10%)−$17,910
Card surcharge net+$1,970
Net profit $40,119
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$179,101
COGS (30%)−$53,730
Labor (22%)−$39,402
Occupancy−$35,462
TX MB gross tax (6.7%)−$12,000
Utilities / ins / mktg (12%)−$21,492
Card surcharge net+$1,970
Net profit $18,985
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 Scrappy Brown's LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $40,119/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 (~$40,119 net) estimated

Revenue multiple
$90k–$143k
0.5–0.8× gross
SDE multiple
$100k–$140k
2.5–3.5× earnings
Cap rate
$122k–$160k
25–33%
Suggested range
$100k–$140k
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 2026-07-09

Lookup pending — check back tomorrow

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