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MB909871
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Brasao Brazilian Steakhouse

19210 W INTERSTATE 10, San Antonio, TX 78257 · TABC MB909871

Mixed Beverage San Antonio Market Enriched 2026-06-15
$1,654,135 Annual gross (L12M) ▲ 9.0% latest MoM Click for monthly detail
$137,845 Avg monthly ▼ 0.7% latest vs avg Click for monthly detail
~34% Est. net margin (likely) $560,274/yr est. net Click for cost model
$1,401k–$1,654k Est. acquisition range 0.92× 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $4,135,338 – $6,616,540/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

Brasao Brazilian Steakhouse is a mixed-beverage licensed establishment at 19210 W INTERSTATE 10, San Antonio, Texas (TABC MB909871). Over the most recent 12 months it reported $1,654,135 in gross alcohol sales, averaging $137,845/month with a best month of $200,187. Sales mix: ~69% liquor · 5% beer · 27% wine. The building at this address is owned by SUNOCO RETAIL LLC & TOWN & COUNTRY FOOD STORES INC (319,253 sqft, $44,500,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $560,274 (~34% margin). Acquisition value is estimated at $1,401k–$1,654k 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
$1,654,135
Avg monthly
$137,845
Best month
$200,187
Dec 2025
Sales mix
69% Liq
5% Beer · 27% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1421499
Property owner (landlord)SUNOCO RETAIL LLC & TOWN & COUNTRY FOOD STORES INC
Total building SF319,253
Assessed value$44,500,000

Brasao Brazilian Steakhouse's share

Est. base rent ~$15/sqft/yr · 5,000 sqft · Class B $6,389/mo
NNN CAM / insurance$958/mo
NNN property tax$1,336/mo
Personal property tax own fixtures · Prop 1449803 $317/mo
Total occupancy $9,000/mo

Occupancy analysis

All-in occupancy cost is 6.5% 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 $1,654,135 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~43%
Revenue$1,654,135
COGS (24%)−$396,992
Labor (14%)−$231,579
Occupancy−$97,197
TX MB gross tax (6.7%)−$110,827
Utilities / ins / mktg (8%)−$132,331
Card surcharge net+$18,195
Net profit $703,404
Most Likely
Typical bar, light food program, full two-shift staffing
~34%
Revenue$1,654,135
COGS (27%)−$446,616
Labor (17%)−$281,203
Occupancy−$107,997
TX MB gross tax (6.7%)−$110,827
Utilities / ins / mktg (10%)−$165,414
Card surcharge net+$18,195
Net profit $560,274
Stressed
Heavy food, larger crew, higher rent
~23%
Revenue$1,654,135
COGS (30%)−$496,240
Labor (22%)−$363,910
Occupancy−$118,797
TX MB gross tax (6.7%)−$110,827
Utilities / ins / mktg (12%)−$198,496
Card surcharge net+$18,195
Net profit $384,060
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 Azb Rim LP looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $560,274/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 (~$560,274 net) estimated

Revenue multiple
$827k–$1.32M
0.5–0.8× gross
SDE multiple
$1.40M–$1.96M
2.5–3.5× earnings
Cap rate
$1.70M–$2.24M
25–33%
Suggested range
$1,401k–$1,654k
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 · Steakhouse

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

We estimate this steakhouse pulls $4,135,338–$6,616,540/yr in total revenue (your liquor portion of $1,654,135 is roughly 25–40% 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
$4,135k–$6,617k
food + liquor + service
Estimated net (10–15%)
$414k–$992k
restaurant margin
Full-business value
$1,137k–$3,639k
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 2026-06-16

No federal lawsuits — past or pending