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MB909269
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Cafe Toulouse

4444 WESTHEIMER RD STE E100, Houston, TX 77027 · TABC MB909269

Mixed Beverage Houston Market Enriched 2026-05-24
$3,629,073 Annual gross (L12M) ▼ 19.1% latest MoM Click for monthly detail
$302,423 Avg monthly ▼ 0.3% latest vs avg Click for monthly detail
~35% Est. net margin (likely) $1,252,144/yr est. net Click for cost model
$3,130k–$3,629k Est. acquisition range 0.93× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $8,064,607 – $14,516,292/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

Cafe Toulouse is a mixed-beverage licensed establishment at 4444 WESTHEIMER RD STE E100, Houston, Texas (TABC MB909269). Over the most recent 12 months it reported $3,629,073 in gross alcohol sales, averaging $302,423/month with a best month of $385,474. Sales mix: ~47% liquor · 3% beer · 50% wine. The building at this address is owned by ROD PROJECT OWNER LLC (1,569,960 sqft, $313,240,633 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,252,144 (~35% margin). Acquisition value is estimated at $3,130k–$3,629k 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
$3,629,073
Avg monthly
$302,423
Best month
$385,474
May 2025
Sales mix
47% Liq
3% Beer · 50% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1404410000003
Property owner (landlord)ROD PROJECT OWNER LLC
Total building SF whole parcel — Cafe Toulouse is in STE E1001,569,960
Cafe Toulouse's footprint estimated — suite-level not on file 7,500 sf
Assessed value$313,240,633

Cafe Toulouse's share

Est. base rent ~$20/sqft/yr · 7,500 sqft · Class B $12,470/mo
NNN CAM / insurance$1,871/mo
NNN property tax$2,993/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $17,833/mo

Occupancy analysis

All-in occupancy cost is 5.9% 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 $3,629,073 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~43%
Revenue$3,629,073
COGS (24%)−$870,978
Labor (14%)−$508,070
Occupancy−$192,601
TX MB gross tax (6.7%)−$243,148
Utilities / ins / mktg (8%)−$290,326
Card surcharge net+$39,920
Net profit $1,563,870
Most Likely
Typical bar, light food program, full two-shift staffing
~35%
Revenue$3,629,073
COGS (27%)−$979,850
Labor (17%)−$616,942
Occupancy−$214,001
TX MB gross tax (6.7%)−$243,148
Utilities / ins / mktg (10%)−$362,907
Card surcharge net+$39,920
Net profit $1,252,144
Stressed
Heavy food, larger crew, higher rent
~24%
Revenue$3,629,073
COGS (30%)−$1,088,722
Labor (22%)−$798,396
Occupancy−$235,401
TX MB gross tax (6.7%)−$243,148
Utilities / ins / mktg (12%)−$435,489
Card surcharge net+$39,920
Net profit $867,837
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 Cafe Toulouse River Oaks District LP looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,252,144/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 (~$1,252,144 net) estimated

Revenue multiple
$1.81M–$2.90M
0.5–0.8× gross
SDE multiple
$3.13M–$4.38M
2.5–3.5× earnings
Cap rate
$3.79M–$5.01M
25–33%
Suggested range
$3,130k–$3,629k
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.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $8,064,607–$14,516,292/yr in total revenue (your liquor portion of $3,629,073 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$8,065k–$14,516k
food + liquor + service
Estimated net (10–15%)
$806k–$2,177k
restaurant margin
Full-business value
$2,218k–$7,984k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-05-26

Lookup pending — check back tomorrow

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