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Financials

MB935467
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Cover 3

2800 N INTERSTATE 35 STE 200, Round Rock, TX 78681 · TABC MB935467

Mixed Beverage Round Rock Market Enriched 2026-07-11
$760,740 Annual gross (L12M) ▲ 12.3% latest MoM Click for monthly detail
$63,395 Avg monthly ▲ 9.8% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $213,882/yr est. net Click for cost model
$535k–$749k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $800,779 – $894,988/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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Cover 3 is a mixed-beverage licensed establishment at 2800 N INTERSTATE 35 STE 200, Round Rock, Texas (TABC MB935467). Over the most recent 12 months it reported $760,740 in gross alcohol sales, averaging $63,395/month with a best month of $70,232. Sales mix: ~64% liquor · 26% beer · 10% wine. The building at this address is owned by WEBSTER INTERESTS ROUND ROCK LLC $0 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $213,882 (~28% margin). Acquisition value is estimated at $535k–$749k 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
$760,740
Avg monthly
$63,395
Best month
$70,232
Jan 2026
Sales mix
64% Liq
26% Beer · 10% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record IDR372294
Property owner (landlord)WEBSTER INTERESTS ROUND ROCK LLC
Cover 3's footprint estimated — suite-level not on file 3,500 sf
Assessed value$0

Cover 3's share

Est. base rent ~$23/sqft/yr · 3,500 sqft $6,656/mo
NNN CAM / insurance$998/mo
NNN property tax$0/mo
Personal property tax est — no BPP record $133/mo
Total occupancy $7,788/mo

Occupancy analysis

All-in occupancy cost is 12.3% 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 $760,740 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$760,740
COGS (24%)−$182,578
Labor (14%)−$106,504
Occupancy−$84,111
TX MB gross tax (6.7%)−$50,970
Utilities / ins / mktg (8%)−$60,859
Card surcharge net+$8,368
Net profit $284,087
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$760,740
COGS (27%)−$205,400
Labor (17%)−$129,326
Occupancy−$93,457
TX MB gross tax (6.7%)−$50,970
Utilities / ins / mktg (10%)−$76,074
Card surcharge net+$8,368
Net profit $213,882
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$760,740
COGS (30%)−$228,222
Labor (22%)−$167,363
Occupancy−$102,803
TX MB gross tax (6.7%)−$50,970
Utilities / ins / mktg (12%)−$91,289
Card surcharge net+$8,368
Net profit $128,462
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 Cover 3 Round Rock LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $213,882/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 (~$213,882 net) estimated

Revenue multiple
$380k–$609k
0.5–0.8× gross
SDE multiple
$535k–$749k
2.5–3.5× earnings
Cap rate
$648k–$856k
25–33%
Suggested range
$535k–$749k
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 2026-07-06

Lookup pending — check back tomorrow

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