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MB896488
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Texas T Tavern

1535 BRITTMOORE RD, Houston, TX 77043 · TABC MB896488

Mixed Beverage Houston Market Enriched 2026-05-19
$1,575,610 Annual gross (L12M) ▼ 3.8% latest MoM Click for monthly detail
$131,301 Avg monthly ▼ 2.0% latest vs avg Click for monthly detail
~24% Est. net margin (likely) $371,627/yr est. net Click for cost model
$929k–$1,301k Est. acquisition range 0.71× 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $1,575,610 – $1,750,678/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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Texas T Tavern is a mixed-beverage licensed establishment at 1535 BRITTMOORE RD, Houston, Texas (TABC MB896488). Over the most recent 12 months it reported $1,575,610 in gross alcohol sales, averaging $131,301/month with a best month of $164,989. Sales mix: ~59% liquor · 39% beer · 2% wine. The building at this address is owned by CHO IK HWAN (2,500 sqft, $906,728 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $371,627 (~24% margin). Acquisition value is estimated at $929k–$1,301k 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
$1,575,610
Avg monthly
$131,301
Best month
$164,989
Dec 2025
Sales mix
59% Liq
39% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0640460000121
Property owner (landlord)CHO IK HWAN
Total building SF2,500
Assessed value$906,728

Texas T Tavern's share

Est. base rent ~$44/sqft/yr · 5,000 sqft · Class A $18,135/mo
NNN CAM / insurance$2,720/mo
NNN property tax$907/mo
Personal property tax est — no BPP record $315/mo
Total occupancy $22,077/mo

Occupancy analysis

All-in occupancy cost is 16.8% 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 $1,575,610 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~33%
Revenue$1,575,610
COGS (24%)−$378,146
Labor (14%)−$220,585
Occupancy−$238,427
TX MB gross tax (6.7%)−$105,566
Utilities / ins / mktg (8%)−$126,049
Card surcharge net+$17,332
Net profit $524,168
Most Likely
Typical bar, light food program, full two-shift staffing
~24%
Revenue$1,575,610
COGS (27%)−$425,415
Labor (17%)−$267,854
Occupancy−$264,919
TX MB gross tax (6.7%)−$105,566
Utilities / ins / mktg (10%)−$157,561
Card surcharge net+$17,332
Net profit $371,627
Stressed
Heavy food, larger crew, higher rent
~12%
Revenue$1,575,610
COGS (30%)−$472,683
Labor (22%)−$346,634
Occupancy−$291,411
TX MB gross tax (6.7%)−$105,566
Utilities / ins / mktg (12%)−$189,073
Card surcharge net+$17,332
Net profit $187,574
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 Cocky 16 Enterprises LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $371,627/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 (~$371,627 net) estimated

Revenue multiple
$788k–$1.26M
0.5–0.8× gross
SDE multiple
$929k–$1.30M
2.5–3.5× earnings
Cap rate
$1.13M–$1.49M
25–33%
Suggested range
$929k–$1,301k
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 2026-06-05

Lookup pending — check back tomorrow

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