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Financials

MB912935
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Host H8 Iah Fb I LLC (Mockingbird Distillery And Smokehouse)

2800 N TERMINAL RD, Houston, TX 77032 · TABC MB912935

Mixed Beverage Houston Market Enriched 2026-06-17
$960,469 Annual gross (L12M) ▼ 7.6% latest MoM Click for monthly detail
$80,039 Avg monthly ▼ 16.5% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $243,974/yr est. net Click for cost model
$610k–$854k Est. acquisition range 0.76× 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): $1,011,020 – $1,129,964/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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Host H8 Iah Fb I LLC (Mockingbird Distillery And Smokehouse) is a mixed-beverage licensed establishment at 2800 N TERMINAL RD, Houston, Texas (TABC MB912935). Over the most recent 12 months it reported $960,469 in gross alcohol sales, averaging $80,039/month with a best month of $93,668. Sales mix: ~51% liquor · 36% beer · 13% wine. The building at this address is owned by CITY OF HOUSTON (17,424 sqft, $4,356,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $243,974 (~25% margin). Acquisition value is estimated at $610k–$854k 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
$960,469
Avg monthly
$80,039
Best month
$93,668
Nov 2025
Sales mix
51% Liq
36% Beer · 13% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0441130001004
Property owner (landlord)CITY OF HOUSTON
Total building SF17,424
Assessed value$4,356,000

Host H8 Iah Fb I LLC (Mockingbird Distillery And Smokehouse)'s share

Est. base rent ~$30/sqft/yr · 3,500 sqft · Class A $8,750/mo
NNN CAM / insurance$1,312/mo
NNN property tax$1,750/mo
Personal property tax est — no BPP record $192/mo
Total occupancy $12,005/mo

Occupancy analysis

All-in occupancy cost is 15.0% 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 $960,469 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$960,469
COGS (24%)−$230,513
Labor (14%)−$134,466
Occupancy−$129,650
TX MB gross tax (6.7%)−$64,351
Utilities / ins / mktg (8%)−$76,838
Card surcharge net+$10,565
Net profit $335,217
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$960,469
COGS (27%)−$259,327
Labor (17%)−$163,280
Occupancy−$144,055
TX MB gross tax (6.7%)−$64,351
Utilities / ins / mktg (10%)−$96,047
Card surcharge net+$10,565
Net profit $243,974
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$960,469
COGS (30%)−$288,141
Labor (22%)−$211,303
Occupancy−$158,461
TX MB gross tax (6.7%)−$64,351
Utilities / ins / mktg (12%)−$115,256
Card surcharge net+$10,565
Net profit $133,522
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 Host H8 Iah Fb I LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $243,974/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 (~$243,974 net) estimated

Revenue multiple
$480k–$768k
0.5–0.8× gross
SDE multiple
$610k–$854k
2.5–3.5× earnings
Cap rate
$739k–$976k
25–33%
Suggested range
$610k–$854k
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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