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Financials

MB909445
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The Penny Tap House

2412 COLLEGE HILLS BLVD STE 100, San Angelo, TX 76904 · TABC MB909445

Mixed Beverage San Angelo Market Enriched 2026-06-27
$760,300 Annual gross (L12M) ▲ 12.4% latest MoM Click for monthly detail
$63,358 Avg monthly ▲ 3.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $213,606/yr est. net Click for cost model
$534k–$748k Est. acquisition range 0.84× 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): $760,300 – $844,778/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

The Penny Tap House is a mixed-beverage licensed establishment at 2412 COLLEGE HILLS BLVD STE 100, San Angelo, Texas (TABC MB909445). Over the most recent 12 months it reported $760,300 in gross alcohol sales, averaging $63,358/month with a best month of $76,660. Sales mix: ~65% liquor · 34% beer · 1% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $213,606 (~28% margin). Acquisition value is estimated at $534k–$748k 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
$760,300
Avg monthly
$63,358
Best month
$76,660
Jun 2025
Sales mix
65% Liq
34% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$6,653/mo
NNN CAM / insurance$998/mo
Total occupancy$7,796/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $760,300 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$760,300
COGS (24%)−$182,472
Labor (14%)−$106,442
Occupancy−$84,199
TX MB gross tax (6.7%)−$50,940
Utilities / ins / mktg (8%)−$60,824
Card surcharge net+$8,363
Net profit $283,786
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$760,300
COGS (27%)−$205,281
Labor (17%)−$129,251
Occupancy−$93,555
TX MB gross tax (6.7%)−$50,940
Utilities / ins / mktg (10%)−$76,030
Card surcharge net+$8,363
Net profit $213,606
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$760,300
COGS (30%)−$228,090
Labor (22%)−$167,266
Occupancy−$102,910
TX MB gross tax (6.7%)−$50,940
Utilities / ins / mktg (12%)−$91,236
Card surcharge net+$8,363
Net profit $128,221
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 A Penny LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $213,606/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 (~$213,606 net) estimated

Revenue multiple
$380k–$608k
0.5–0.8× gross
SDE multiple
$534k–$748k
2.5–3.5× earnings
Cap rate
$647k–$854k
25–33%
Suggested range
$534k–$748k
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 2026-07-07

Lookup pending — check back tomorrow

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