← Rosewater /

Financials

MB926353
Dashboard › Rosewater › Financial Intelligence

Rosewater

1606 CLEAR LAKE CITY BLVD, Houston, TX 77062 · TABC MB926353

Mixed Beverage Houston Market Enriched 2026-05-19
$1,580,017 Annual gross (L12M) ▲ 15.9% latest MoM Click for monthly detail
$131,668 Avg monthly ▲ 8.9% latest vs avg Click for monthly detail
~29% Est. net margin (likely) $452,442/yr est. net Click for cost model
$1,131k–$1,580k Est. acquisition range 0.86× 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): $1,580,017 – $1,755,574/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Rosewater My bars

Executive Summary

Click to expand full narrative

Rosewater is a mixed-beverage licensed establishment at 1606 CLEAR LAKE CITY BLVD, Houston, Texas (TABC MB926353). Over the most recent 12 months it reported $1,580,017 in gross alcohol sales, averaging $131,668/month with a best month of $156,857. Sales mix: ~93% liquor · 3% beer · 4% wine. The building at this address is owned by THE RESERVE AT GRAND PARKWAY LTD VISTA CLEAR LAKE LTD (17,378 sqft, $3,906,681 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $452,442 (~29% margin). Acquisition value is estimated at $1,131k–$1,580k 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
$1,580,017
Avg monthly
$131,668
Best month
$156,857
Dec 2025
Sales mix
93% Liq
3% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1169010010064
Property owner (landlord)THE RESERVE AT GRAND PARKWAY LTD VISTA CLEAR LAKE LTD
Total building SF17,378
Assessed value$3,906,681

Rosewater's share

Est. base rent ~$27/sqft/yr · 5,000 sqft · Class A $11,240/mo
NNN CAM / insurance$1,686/mo
NNN property tax$2,248/mo
Personal property tax est — no BPP record $316/mo
Total occupancy $15,490/mo

Occupancy analysis

All-in occupancy cost is 11.8% 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 $1,580,017 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~38%
Revenue$1,580,017
COGS (24%)−$379,204
Labor (14%)−$221,202
Occupancy−$167,297
TX MB gross tax (6.7%)−$105,861
Utilities / ins / mktg (8%)−$126,401
Card surcharge net+$17,380
Net profit $597,432
Most Likely
Typical bar, light food program, full two-shift staffing
~29%
Revenue$1,580,017
COGS (27%)−$426,605
Labor (17%)−$268,603
Occupancy−$185,885
TX MB gross tax (6.7%)−$105,861
Utilities / ins / mktg (10%)−$158,002
Card surcharge net+$17,380
Net profit $452,442
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,580,017
COGS (30%)−$474,005
Labor (22%)−$347,604
Occupancy−$204,474
TX MB gross tax (6.7%)−$105,861
Utilities / ins / mktg (12%)−$189,602
Card surcharge net+$17,380
Net profit $275,852
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 Bitter M.F.K. LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $452,442/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 (~$452,442 net) estimated

Revenue multiple
$790k–$1.26M
0.5–0.8× gross
SDE multiple
$1.13M–$1.58M
2.5–3.5× earnings
Cap rate
$1.37M–$1.81M
25–33%
Suggested range
$1,131k–$1,580k
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 2026-06-05

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.