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Financials

MB999060
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Q @ Gate E2

3950 S TERMINAL RD TERM E GATE 2, SPACE 71, Houston, TX 77032 · TABC MB999060

Mixed Beverage Houston Market Enriched 2026-05-24
$1,859,567 Annual gross (L12M) ▼ 16.6% latest MoM Click for monthly detail
$154,964 Avg monthly ▼ 5.1% latest vs avg Click for monthly detail
~29% Est. net margin (likely) $544,301/yr est. net Click for cost model
$1,361k–$1,860k Est. acquisition range 0.87× 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 Wine Bar, liquor is typically only 80–95% of total business revenue. Wine + spirits dominant. Estimated total revenue (rough): $1,957,439 – $2,324,459/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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Q @ Gate E2 is a mixed-beverage licensed establishment at 3950 S TERMINAL RD TERM E GATE 2, SPACE 71, Houston, Texas (TABC MB999060). Over the most recent 12 months it reported $1,859,567 in gross alcohol sales, averaging $154,964/month with a best month of $176,227. Sales mix: ~47% liquor · 39% beer · 15% wine. The building at this address is owned by CITY OF HOUSTON (WILL CLAYTON PKY) (103,132 sqft, $25,783,164 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $544,301 (~29% margin). Acquisition value is estimated at $1,361k–$1,860k 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
$1,859,567
Avg monthly
$154,964
Best month
$176,227
Mar 2026
Sales mix
47% Liq
39% Beer · 15% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0441120001001
Property owner (landlord)CITY OF HOUSTON (WILL CLAYTON PKY)
Total building SF103,132
Assessed value$25,783,164

Q @ Gate E2's share

Est. base rent ~$30/sqft/yr · 5,000 sqft · Class A $12,500/mo
NNN CAM / insurance$1,875/mo
NNN property tax$2,500/mo
Personal property tax est — no BPP record $372/mo
Total occupancy $17,247/mo

Occupancy analysis

All-in occupancy cost is 11.1% 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 $1,859,567 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~38%
Revenue$1,859,567
COGS (24%)−$446,296
Labor (14%)−$260,339
Occupancy−$186,268
TX MB gross tax (6.7%)−$124,591
Utilities / ins / mktg (8%)−$148,765
Card surcharge net+$20,455
Net profit $713,763
Most Likely
Typical bar, light food program, full two-shift staffing
~29%
Revenue$1,859,567
COGS (27%)−$502,083
Labor (17%)−$316,126
Occupancy−$206,964
TX MB gross tax (6.7%)−$124,591
Utilities / ins / mktg (10%)−$185,957
Card surcharge net+$20,455
Net profit $544,301
Stressed
Heavy food, larger crew, higher rent
~18%
Revenue$1,859,567
COGS (30%)−$557,870
Labor (22%)−$409,105
Occupancy−$227,661
TX MB gross tax (6.7%)−$124,591
Utilities / ins / mktg (12%)−$223,148
Card surcharge net+$20,455
Net profit $337,648
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 Otg Management Iah LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $544,301/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 (~$544,301 net) estimated

Revenue multiple
$930k–$1.49M
0.5–0.8× gross
SDE multiple
$1.36M–$1.91M
2.5–3.5× earnings
Cap rate
$1.65M–$2.18M
25–33%
Suggested range
$1,361k–$1,860k
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 2026-06-10

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