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Financials

MB991071
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The Davenport Lounge Clear Lake

1235 CLEAR LAKE CITY BLVD STE G, Houston, TX 77062 · TABC MB991071

Mixed Beverage Houston Market Enriched 2026-06-15
$1,026,193 Annual gross (L12M) ▼ 3.3% latest MoM Click for monthly detail
$85,516 Avg monthly ▼ 9.7% latest vs avg Click for monthly detail
~23% Est. net margin (likely) $237,752/yr est. net Click for cost model
$594k–$832k Est. acquisition range 0.70× 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 Lounge, liquor is typically only 75–90% of total business revenue. Mostly bar program. Estimated total revenue (rough): $1,140,214 – $1,368,257/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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The Davenport Lounge Clear Lake is a mixed-beverage licensed establishment at 1235 CLEAR LAKE CITY BLVD STE G, Houston, Texas (TABC MB991071). Over the most recent 12 months it reported $1,026,193 in gross alcohol sales, averaging $85,516/month with a best month of $101,244. Sales mix: ~82% liquor · 8% beer · 10% wine. The building at this address is owned by CLEAR LAKE PLAZA LLC (13,670 sqft, $2,942,714 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $237,752 (~23% margin). Acquisition value is estimated at $594k–$832k 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
$1,026,193
Avg monthly
$85,516
Best month
$101,244
Oct 2025
Sales mix
82% Liq
8% Beer · 10% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1218670010007
Property owner (landlord)CLEAR LAKE PLAZA LLC
Total building SF whole parcel — The Davenport Lounge Clear Lake is in STE G13,670
The Davenport Lounge Clear Lake's footprint estimated — suite-level not on file 5,000 sf
Assessed value$2,942,714

The Davenport Lounge Clear Lake's share

Est. base rent ~$26/sqft/yr · 5,000 sqft · Class A $10,763/mo
NNN CAM / insurance$1,615/mo
NNN property tax$2,153/mo
Personal property tax est — no BPP record $205/mo
Total occupancy $14,736/mo

Occupancy analysis

All-in occupancy cost is 17.2% 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 $1,026,193 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~33%
Revenue$1,026,193
COGS (24%)−$246,286
Labor (14%)−$143,667
Occupancy−$159,147
TX MB gross tax (6.7%)−$68,755
Utilities / ins / mktg (8%)−$82,095
Card surcharge net+$11,288
Net profit $337,530
Most Likely
Typical bar, light food program, full two-shift staffing
~23%
Revenue$1,026,193
COGS (27%)−$277,072
Labor (17%)−$174,453
Occupancy−$176,830
TX MB gross tax (6.7%)−$68,755
Utilities / ins / mktg (10%)−$102,619
Card surcharge net+$11,288
Net profit $237,752
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,026,193
COGS (30%)−$307,858
Labor (22%)−$225,762
Occupancy−$194,513
TX MB gross tax (6.7%)−$68,755
Utilities / ins / mktg (12%)−$123,143
Card surcharge net+$11,288
Net profit $117,450
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 Clear Lake Davenport LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $237,752/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 (~$237,752 net) estimated

Revenue multiple
$513k–$821k
0.5–0.8× gross
SDE multiple
$594k–$832k
2.5–3.5× earnings
Cap rate
$720k–$951k
25–33%
Suggested range
$594k–$832k
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 2026-06-24

Lookup pending — check back tomorrow

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