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Financials

MB981975
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Main Event

20945 SPRING CREEK XING, Humble, TX 77338 · TABC MB981975

Mixed Beverage Humble Market Enriched 2026-07-10
$714,063 Annual gross (L12M) ▼ 1.7% latest MoM Click for monthly detail
$59,505 Avg monthly ▼ 14.3% latest vs avg Click for monthly detail
~21% Est. net margin (likely) $153,161/yr est. net Click for cost model
$383k–$536k Est. acquisition range 0.64× 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): $1,020,090 – $1,428,126/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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Main Event is a mixed-beverage licensed establishment at 20945 SPRING CREEK XING, Humble, Texas (TABC MB981975). Over the most recent 12 months it reported $714,063 in gross alcohol sales, averaging $59,505/month with a best month of $76,745. Sales mix: ~65% liquor · 34% beer · 1% wine. The building at this address is owned by NATIONAL RETAIL PROPERTIES LP (35,190 sqft, $8,292,078 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $153,161 (~21% margin). Acquisition value is estimated at $383k–$536k 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
$714,063
Avg monthly
$59,505
Best month
$76,745
Dec 2025
Sales mix
65% Liq
34% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1381450010001
Property owner (landlord)NATIONAL RETAIL PROPERTIES LP
Total building SF35,190
Assessed value$8,292,078

Main Event's share

Est. base rent ~$28/sqft/yr · 3,500 sqft · Class A $8,247/mo
NNN CAM / insurance$1,237/mo
NNN property tax$1,649/mo
Personal property tax est — no BPP record $143/mo
Total occupancy $11,277/mo

Occupancy analysis

All-in occupancy cost is 19.0% 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 $714,063 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~31%
Revenue$714,063
COGS (24%)−$171,375
Labor (14%)−$99,969
Occupancy−$121,788
TX MB gross tax (6.7%)−$47,842
Utilities / ins / mktg (8%)−$57,125
Card surcharge net+$7,855
Net profit $223,818
Most Likely
Typical bar, light food program, full two-shift staffing
~21%
Revenue$714,063
COGS (27%)−$192,797
Labor (17%)−$121,391
Occupancy−$135,320
TX MB gross tax (6.7%)−$47,842
Utilities / ins / mktg (10%)−$71,406
Card surcharge net+$7,855
Net profit $153,161
Stressed
Heavy food, larger crew, higher rent
~10%
Revenue$714,063
COGS (30%)−$214,219
Labor (22%)−$157,094
Occupancy−$148,852
TX MB gross tax (6.7%)−$47,842
Utilities / ins / mktg (12%)−$85,688
Card surcharge net+$7,855
Net profit $68,223
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 Main Event Entertainment INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $153,161/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 (~$153,161 net) estimated

Revenue multiple
$357k–$571k
0.5–0.8× gross
SDE multiple
$383k–$536k
2.5–3.5× earnings
Cap rate
$464k–$613k
25–33%
Suggested range
$383k–$536k
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 2026-05-22

Lookup pending — check back tomorrow

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