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MB906805
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Boiler House

312 PEARL PKWY BLDG 3, San Antonio, TX 78215 · TABC MB906805

Mixed Beverage San Antonio Market Enriched 2026-06-15
$1,230,681 Annual gross (L12M) ▼ 11.5% latest MoM Click for monthly detail
$102,557 Avg monthly ▲ 1.9% latest vs avg Click for monthly detail
~40% Est. net margin (likely) $490,499/yr est. net Click for cost model
$1,226k–$1,231k Est. acquisition range 1.00× 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): $1,295,454 – $1,447,860/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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Boiler House is a mixed-beverage licensed establishment at 312 PEARL PKWY BLDG 3, San Antonio, Texas (TABC MB906805). Over the most recent 12 months it reported $1,230,681 in gross alcohol sales, averaging $102,557/month with a best month of $154,166. Sales mix: ~61% liquor · 11% beer · 28% wine. The building at this address is owned by RIO PERLA PROPERTIES LP $170 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $490,499 (~40% margin). Acquisition value is estimated at $1,226k–$1,231k 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
$1,230,681
Avg monthly
$102,557
Best month
$154,166
Dec 2025
Sales mix
61% Liq
11% Beer · 28% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1176305
Property owner (landlord)RIO PERLA PROPERTIES LP
Boiler House's footprint estimated — suite-level not on file 5,000 sf
Assessed value$170

Boiler House's share

Est. base rent ~$0/sqft/yr · 5,000 sqft · Class C $1/mo
NNN CAM / insurance$0/mo
NNN property tax$0/mo
Personal property tax own fixtures · Prop 1186026 $281/mo
Total occupancy $283/mo

Occupancy analysis

All-in occupancy cost is 0.3% 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 $1,230,681 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~48%
Revenue$1,230,681
COGS (24%)−$295,363
Labor (14%)−$172,295
Occupancy−$3,056
TX MB gross tax (6.7%)−$82,456
Utilities / ins / mktg (8%)−$98,454
Music licensingASCAP + BMI + SESAC + GMR combined−$3,300
Card surcharge net+$13,537
Net profit $589,293
Most Likely
Typical bar, light food program, full two-shift staffing
~40%
Revenue$1,230,681
COGS (27%)−$332,284
Labor (17%)−$209,216
Occupancy−$3,396
TX MB gross tax (6.7%)−$82,456
Utilities / ins / mktg (10%)−$123,068
Music licensingASCAP + BMI + SESAC + GMR combined−$3,300
Card surcharge net+$13,537
Net profit $490,499
Stressed
Heavy food, larger crew, higher rent
~30%
Revenue$1,230,681
COGS (30%)−$369,204
Labor (22%)−$270,750
Occupancy−$3,735
TX MB gross tax (6.7%)−$82,456
Utilities / ins / mktg (12%)−$147,682
Music licensingASCAP + BMI + SESAC + GMR combined−$3,300
Card surcharge net+$13,537
Net profit $367,092
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 Boiler House LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $490,499/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 (~$490,499 net) estimated

Revenue multiple
$615k–$985k
0.5–0.8× gross
SDE multiple
$1.23M–$1.72M
2.5–3.5× earnings
Cap rate
$1.49M–$1.96M
25–33%
Suggested range
$1,226k–$1,231k
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 2026-06-12

Lookup pending — check back tomorrow

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