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Financials

MB941751
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Cork & Pig Tavern

200 SPRING PARK DR STE 200, Midland, TX 79705 · TABC MB941751

Mixed Beverage Midland Market Enriched 2026-05-24
$2,053,158 Annual gross (L12M) ▲ 2.2% latest MoM Click for monthly detail
$171,096 Avg monthly ▲ 0.3% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $576,835/yr est. net Click for cost model
$1,442k–$2,019k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $2,053,158 – $2,281,287/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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Cork & Pig Tavern is a mixed-beverage licensed establishment at 200 SPRING PARK DR STE 200, Midland, Texas (TABC MB941751). Over the most recent 12 months it reported $2,053,158 in gross alcohol sales, averaging $171,096/month with a best month of $188,546. Sales mix: ~66% liquor · 17% beer · 17% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $576,835 (~28% margin). Acquisition value is estimated at $1,442k–$2,019k 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
$2,053,158
Avg monthly
$171,096
Best month
$188,546
Dec 2025
Sales mix
66% Liq
17% Beer · 17% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$17,965/mo
NNN CAM / insurance$2,695/mo
Total occupancy$21,053/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $2,053,158 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$2,053,158
COGS (24%)−$492,758
Labor (14%)−$287,442
Occupancy−$227,377
TX MB gross tax (6.7%)−$137,562
Utilities / ins / mktg (8%)−$164,253
Card surcharge net+$22,585
Net profit $766,351
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$2,053,158
COGS (27%)−$554,353
Labor (17%)−$349,037
Occupancy−$252,641
TX MB gross tax (6.7%)−$137,562
Utilities / ins / mktg (10%)−$205,316
Card surcharge net+$22,585
Net profit $576,835
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$2,053,158
COGS (30%)−$615,947
Labor (22%)−$451,695
Occupancy−$277,905
TX MB gross tax (6.7%)−$137,562
Utilities / ins / mktg (12%)−$246,379
Card surcharge net+$22,585
Net profit $346,255
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 Cork & Pig Tavern - Ally Village LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $576,835/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 (~$576,835 net) estimated

Revenue multiple
$1.03M–$1.64M
0.5–0.8× gross
SDE multiple
$1.44M–$2.02M
2.5–3.5× earnings
Cap rate
$1.75M–$2.31M
25–33%
Suggested range
$1,442k–$2,019k
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 2026-06-02

Lookup pending — check back tomorrow

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