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Financials

MB871244
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Songkran

1101 UPTOWN PARK BLVD STE 8, Houston, TX 77056 · TABC MB871244

Mixed Beverage Houston Market Enriched 2026-07-12
$295,142 Annual gross (L12M) ▼ 3.3% latest MoM Click for monthly detail
$24,595 Avg monthly ▼ 7.8% latest vs avg Click for monthly detail
~-146% Est. net margin (likely) $-430,824/yr est. net Click for cost model
$148k–$-1,508k Est. acquisition range -2.30× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $310,676 – $347,226/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

Songkran is a mixed-beverage licensed establishment at 1101 UPTOWN PARK BLVD STE 8, Houston, Texas (TABC MB871244). Over the most recent 12 months it reported $295,142 in gross alcohol sales, averaging $24,595/month with a best month of $27,662. Sales mix: ~53% liquor · 12% beer · 35% wine. The building at this address is owned by UPTOWN PARK EDENS LLC (38,292 sqft, $51,893,828 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-430,824 (~-146% margin). Acquisition value is estimated at $148k–$-1,508k 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
$295,142
Avg monthly
$24,595
Best month
$27,662
Oct 2025
Sales mix
53% Liq
12% Beer · 35% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1182680010001
Property owner (landlord)UPTOWN PARK EDENS LLC
Total building SF whole parcel — Songkran is in STE 838,292
Songkran's footprint estimated — suite-level not on file 2,500 sf
Assessed value$51,893,828

Songkran's share

Est. base rent ~$163/sqft/yr · 2,500 sqft · Class A $33,880/mo
NNN CAM / insurance$5,082/mo
NNN property tax$6,776/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $45,838/mo

Occupancy analysis

All-in occupancy cost is 186.4% 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 $295,142 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-119%
Revenue$295,142
COGS (24%)−$70,834
Labor (14%)−$41,320
Occupancy−$495,055
TX MB gross tax (6.7%)−$19,775
Utilities / ins / mktg (8%)−$23,611
Card surcharge net+$3,247
Net profit $-352,207
Most Likely
Typical bar, light food program, full two-shift staffing
~-146%
Revenue$295,142
COGS (27%)−$79,688
Labor (17%)−$50,174
Occupancy−$550,061
TX MB gross tax (6.7%)−$19,775
Utilities / ins / mktg (10%)−$29,514
Card surcharge net+$3,247
Net profit $-430,824
Stressed
Heavy food, larger crew, higher rent
~-175%
Revenue$295,142
COGS (30%)−$88,543
Labor (22%)−$64,931
Occupancy−$605,068
TX MB gross tax (6.7%)−$19,775
Utilities / ins / mktg (12%)−$35,417
Card surcharge net+$3,247
Net profit $-515,344
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 Songkran Hospitality LP looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-430,824/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 (~$-430,824 net) estimated

Revenue multiple
$148k–$236k
0.5–0.8× gross
SDE multiple
$-1,077k–$-1,508k
2.5–3.5× earnings
Cap rate
$-1,306k–$-1,723k
25–33%
Suggested range
$148k–$-1,508k
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.