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Financials

MB903108
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Hotel Emma

136 E GRAYSON ST, San Antonio, TX 78215 · TABC MB903108

Mixed Beverage San Antonio Market Enriched 2026-05-24
$7,262,918 Annual gross (L12M) ▼ 5.3% latest MoM Click for monthly detail
$605,243 Avg monthly ▼ 1.9% latest vs avg Click for monthly detail
~36% Est. net margin (likely) $2,605,026/yr est. net Click for cost model
$6,513k–$7,263k Est. acquisition range 0.95× 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $8,069,909 – $10,375,597/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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Hotel Emma is a mixed-beverage licensed establishment at 136 E GRAYSON ST, San Antonio, Texas (TABC MB903108). Over the most recent 12 months it reported $7,262,918 in gross alcohol sales, averaging $605,243/month with a best month of $818,187. Sales mix: ~73% liquor · 6% beer · 21% wine. The building at this address is owned by RIO PERLA PROPERTIES LP $10,774,187 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $2,605,026 (~36% margin). Acquisition value is estimated at $6,513k–$7,263k 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
$7,262,918
Avg monthly
$605,243
Best month
$818,187
Dec 2025
Sales mix
73% Liq
6% Beer · 21% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1212135
Property owner (landlord)RIO PERLA PROPERTIES LP
Assessed value$10,774,187

Hotel Emma's share

Est. base rent ~$33/sqft/yr · 7,500 sqft · Class A $20,313/mo
NNN CAM / insurance$3,047/mo
NNN property tax$3,594/mo
Personal property tax est — no BPP record $479/mo
Total occupancy $27,433/mo

Occupancy analysis

All-in occupancy cost is 4.5% 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 $7,262,918 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~44%
Revenue$7,262,918
COGS (24%)−$1,743,100
Labor (14%)−$1,016,809
Occupancy−$296,274
TX MB gross tax (6.7%)−$486,616
Utilities / ins / mktg (8%)−$581,033
Card surcharge net+$79,892
Net profit $3,218,979
Most Likely
Typical bar, light food program, full two-shift staffing
~36%
Revenue$7,262,918
COGS (27%)−$1,960,988
Labor (17%)−$1,234,696
Occupancy−$329,193
TX MB gross tax (6.7%)−$486,616
Utilities / ins / mktg (10%)−$726,292
Card surcharge net+$79,892
Net profit $2,605,026
Stressed
Heavy food, larger crew, higher rent
~25%
Revenue$7,262,918
COGS (30%)−$2,178,875
Labor (22%)−$1,597,842
Occupancy−$362,112
TX MB gross tax (6.7%)−$486,616
Utilities / ins / mktg (12%)−$871,550
Card surcharge net+$79,892
Net profit $1,845,815
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 Emma Beverage Company LLC looking up officers…
5
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $2,605,026/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 (~$2,605,026 net) estimated

Revenue multiple
$3.63M–$5.81M
0.5–0.8× gross
SDE multiple
$6.51M–$9.12M
2.5–3.5× earnings
Cap rate
$7.89M–$10.42M
25–33%
Suggested range
$6,513k–$7,263k
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 2026-05-22

Lookup pending — check back tomorrow

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