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Financials

MB1127902
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Alamo Drafthouse Cinemas

22806 US HIGHWAY 281 N, San Antonio, TX 78258 · TABC MB1127902

Mixed Beverage San Antonio Market Enriched 2026-07-10
$682,362 Annual gross (L12M) ▼ 11.0% latest MoM Click for monthly detail
$56,864 Avg monthly ▲ 12.5% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $152,849/yr est. net Click for cost model
$382k–$535k Est. acquisition range 0.67× 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 Pub, liquor is typically only 60–80% of total business revenue. Liquor majority with food. Estimated total revenue (rough): $852,952 – $1,137,270/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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Alamo Drafthouse Cinemas is a mixed-beverage licensed establishment at 22806 US HIGHWAY 281 N, San Antonio, Texas (TABC MB1127902). Over the most recent 12 months it reported $682,362 in gross alcohol sales, averaging $56,864/month with a best month of $93,255. Sales mix: ~48% liquor · 40% beer · 12% wine. The building at this address is owned by SVAP IV STONE OAK LLC (225,820 sqft, $57,500,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $152,849 (~22% margin). Acquisition value is estimated at $382k–$535k 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
$682,362
Avg monthly
$56,864
Best month
$93,255
Jul 2025
Sales mix
48% Liq
40% Beer · 12% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1405057
Property owner (landlord)SVAP IV STONE OAK LLC
Total building SF225,820
Assessed value$57,500,000

Alamo Drafthouse Cinemas's share

Est. base rent ~$17/sqft/yr · 3,500 sqft · Class A $5,024/mo
NNN CAM / insurance$754/mo
NNN property tax$1,708/mo
Personal property tax own fixtures · Prop 1366770 $2,750/mo
Total occupancy $10,235/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $682,362 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$682,362
COGS (24%)−$163,767
Labor (14%)−$95,531
Occupancy−$110,543
TX MB gross tax (6.7%)−$45,718
Utilities / ins / mktg (8%)−$54,589
Card surcharge net+$7,506
Net profit $219,721
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$682,362
COGS (27%)−$184,238
Labor (17%)−$116,002
Occupancy−$122,825
TX MB gross tax (6.7%)−$45,718
Utilities / ins / mktg (10%)−$68,236
Card surcharge net+$7,506
Net profit $152,849
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$682,362
COGS (30%)−$204,709
Labor (22%)−$150,120
Occupancy−$135,108
TX MB gross tax (6.7%)−$45,718
Utilities / ins / mktg (12%)−$81,883
Card surcharge net+$7,506
Net profit $72,330
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 Alamo Stone Oak Buyer LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $152,849/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 (~$152,849 net) estimated

Revenue multiple
$341k–$546k
0.5–0.8× gross
SDE multiple
$382k–$535k
2.5–3.5× earnings
Cap rate
$463k–$611k
25–33%
Suggested range
$382k–$535k
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 2026-07-08

Lookup pending — check back tomorrow

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