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RM637383
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Killen's Steakhouse

6425 BROADWAY ST, Pearland, TX 77581 · TABC RM637383

Mixed Beverage Pearland Market Enriched 2026-07-10
$1,148,099 Annual gross (L12M) ▼ 0.5% latest MoM Click for monthly detail
$95,675 Avg monthly ▼ 9.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $322,558/yr est. net Click for cost model
$806k–$1,129k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $2,870,248 – $4,592,396/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Killen's Steakhouse is a mixed-beverage licensed establishment at 6425 BROADWAY ST, Pearland, Texas (TABC RM637383). Over the most recent 12 months it reported $1,148,099 in gross alcohol sales, averaging $95,675/month with a best month of $153,545. Sales mix: ~51% liquor · 3% beer · 46% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $322,558 (~28% margin). Acquisition value is estimated at $806k–$1,129k 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
$1,148,099
Avg monthly
$95,675
Best month
$153,545
Dec 2025
Sales mix
51% Liq
3% Beer · 46% 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)$10,046/mo
NNN CAM / insurance$1,507/mo
Total occupancy$11,773/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 $1,148,099 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,148,099
COGS (24%)−$275,544
Labor (14%)−$160,734
Occupancy−$127,146
TX MB gross tax (6.7%)−$76,923
Utilities / ins / mktg (8%)−$91,848
Card surcharge net+$12,629
Net profit $428,534
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,148,099
COGS (27%)−$309,987
Labor (17%)−$195,177
Occupancy−$141,274
TX MB gross tax (6.7%)−$76,923
Utilities / ins / mktg (10%)−$114,810
Card surcharge net+$12,629
Net profit $322,558
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,148,099
COGS (30%)−$344,430
Labor (22%)−$252,582
Occupancy−$155,401
TX MB gross tax (6.7%)−$76,923
Utilities / ins / mktg (12%)−$137,772
Card surcharge net+$12,629
Net profit $193,621
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 Deanna Killen looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $322,558/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 (~$322,558 net) estimated

Revenue multiple
$574k–$918k
0.5–0.8× gross
SDE multiple
$806k–$1.13M
2.5–3.5× earnings
Cap rate
$977k–$1.29M
25–33%
Suggested range
$806k–$1,129k
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.
Full-business estimate · Steakhouse

If you're buying the whole restaurant, not just the bar program

We estimate this steakhouse pulls $2,870,248–$4,592,396/yr in total revenue (your liquor portion of $1,148,099 is roughly 25–40% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$2,870k–$4,592k
food + liquor + service
Estimated net (10–15%)
$287k–$689k
restaurant margin
Full-business value
$789k–$2,526k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.