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MB918268
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Topgolf

21401 GULF FWY, Webster, TX 77598 · TABC MB918268

Mixed Beverage Webster Market Enriched 2026-05-24
$2,445,895 Annual gross (L12M) ▲ 20.3% latest MoM Click for monthly detail
$203,825 Avg monthly ▲ 21.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $689,173/yr est. net Click for cost model
$1,723k–$2,412k Est. acquisition range 0.85× 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $3,494,136 – $4,891,790/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

Topgolf is a mixed-beverage licensed establishment at 21401 GULF FWY, Webster, Texas (TABC MB918268). Over the most recent 12 months it reported $2,445,895 in gross alcohol sales, averaging $203,825/month with a best month of $289,538. Sales mix: ~51% liquor · 47% beer · 3% wine. The building at this address is owned by 30 WEST PERSHING LLC (63,424 sqft, $15,300,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $689,173 (~28% margin). Acquisition value is estimated at $1,723k–$2,412k 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
$2,445,895
Avg monthly
$203,825
Best month
$289,538
Jan 2026
Sales mix
51% Liq
47% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1400080000001
Property owner (landlord)30 WEST PERSHING LLC
Total building SF63,424
Assessed value$15,300,000

Topgolf's share

Est. base rent ~$29/sqft/yr · 7,500 sqft · Class A $18,093/mo
NNN CAM / insurance$2,714/mo
NNN property tax$3,619/mo
Personal property tax est — no BPP record $489/mo
Total occupancy $24,914/mo

Occupancy analysis

All-in occupancy cost is 12.2% 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 $2,445,895 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$2,445,895
COGS (24%)−$587,015
Labor (14%)−$342,425
Occupancy−$269,072
TX MB gross tax (6.7%)−$163,875
Utilities / ins / mktg (8%)−$195,672
Card surcharge net+$26,905
Net profit $914,741
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$2,445,895
COGS (27%)−$660,392
Labor (17%)−$415,802
Occupancy−$298,969
TX MB gross tax (6.7%)−$163,875
Utilities / ins / mktg (10%)−$244,590
Card surcharge net+$26,905
Net profit $689,173
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$2,445,895
COGS (30%)−$733,768
Labor (22%)−$538,097
Occupancy−$328,866
TX MB gross tax (6.7%)−$163,875
Utilities / ins / mktg (12%)−$293,507
Card surcharge net+$26,905
Net profit $414,686
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 Topgolf USA Webster LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $689,173/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 (~$689,173 net) estimated

Revenue multiple
$1.22M–$1.96M
0.5–0.8× gross
SDE multiple
$1.72M–$2.41M
2.5–3.5× earnings
Cap rate
$2.09M–$2.76M
25–33%
Suggested range
$1,723k–$2,412k
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 2026-05-29

No federal lawsuits — past or pending