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Financials

MB953961
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Edison & Patton

515 PATTON ST, Houston, TX 77009 · TABC MB953961

Mixed Beverage Houston Market Enriched 2026-06-15
$1,150,870 Annual gross (L12M) — 0.0% latest MoM Click for monthly detail
$95,906 Avg monthly ▲ 58.2% latest vs avg Click for monthly detail
~34% Est. net margin (likely) $394,677/yr est. net Click for cost model
$987k–$1,151k Est. acquisition range 0.93× 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): $1,150,870 – $1,278,744/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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Edison & Patton is a mixed-beverage licensed establishment at 515 PATTON ST, Houston, Texas (TABC MB953961). Over the most recent 12 months it reported $1,150,870 in gross alcohol sales, averaging $95,906/month with a best month of $151,735. Sales mix: ~81% liquor · 18% beer · 2% wine. The building at this address is owned by ZAMUDIO YOLANDA H (2,500 sqft, $278,977 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $394,677 (~34% margin). Acquisition value is estimated at $987k–$1,151k 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
$1,150,870
Avg monthly
$95,906
Best month
$151,735
Dec 2025
Sales mix
81% Liq
18% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0211770480001
Property owner (landlord)ZAMUDIO YOLANDA H
Total building SF2,500
Assessed value$278,977

Edison & Patton's share

Est. base rent ~$11/sqft/yr · 5,000 sqft · Class B $4,650/mo
NNN CAM / insurance$697/mo
NNN property tax$279/mo
Personal property tax est — no BPP record $230/mo
Total occupancy $5,856/mo

Occupancy analysis

All-in occupancy cost is 6.1% 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 $1,150,870 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~43%
Revenue$1,150,870
COGS (24%)−$276,209
Labor (14%)−$161,122
Occupancy−$63,247
TX MB gross tax (6.7%)−$77,108
Utilities / ins / mktg (8%)−$92,070
Card surcharge net+$12,660
Net profit $493,774
Most Likely
Typical bar, light food program, full two-shift staffing
~34%
Revenue$1,150,870
COGS (27%)−$310,735
Labor (17%)−$195,648
Occupancy−$70,275
TX MB gross tax (6.7%)−$77,108
Utilities / ins / mktg (10%)−$115,087
Card surcharge net+$12,660
Net profit $394,677
Stressed
Heavy food, larger crew, higher rent
~24%
Revenue$1,150,870
COGS (30%)−$345,261
Labor (22%)−$253,191
Occupancy−$77,302
TX MB gross tax (6.7%)−$77,108
Utilities / ins / mktg (12%)−$138,104
Card surcharge net+$12,660
Net profit $272,563
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 The Edison Houston LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $394,677/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 (~$394,677 net) estimated

Revenue multiple
$575k–$921k
0.5–0.8× gross
SDE multiple
$987k–$1.38M
2.5–3.5× earnings
Cap rate
$1.20M–$1.58M
25–33%
Suggested range
$987k–$1,151k
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 2026-05-28

No federal lawsuits — past or pending