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MB714202
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Alma Mexican Fajitas & Ritas

2203 N SHEPHERD DR, Houston, TX 77008 · TABC MB714202

Mixed Beverage Houston Market Enriched 2026-06-18
$872,795 Annual gross (L12M) ▼ 3.8% latest MoM Click for monthly detail
$72,733 Avg monthly ▲ 6.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $195,506/yr est. net Click for cost model
$489k–$684k 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 Mexican Restaurant, liquor is typically only 20–35% of total business revenue. Mexican restaurant. Margaritas + tequila lift the liquor share but food still dominates. Estimated total revenue (rough): $2,493,700 – $4,363,975/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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Alma Mexican Fajitas & Ritas is a mixed-beverage licensed establishment at 2203 N SHEPHERD DR, Houston, Texas (TABC MB714202). Over the most recent 12 months it reported $872,795 in gross alcohol sales, averaging $72,733/month with a best month of $80,630. Sales mix: ~87% liquor · 8% beer · 6% wine. The building at this address is owned by NGUYEN SCOTT SUONG & LINDA (2,500 sqft, $1,558,192 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $195,506 (~22% margin). Acquisition value is estimated at $489k–$684k 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
$872,795
Avg monthly
$72,733
Best month
$80,630
Mar 2026
Sales mix
87% Liq
8% Beer · 6% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1328970010001
Property owner (landlord)NGUYEN SCOTT SUONG & LINDA
Total building SF2,500
Assessed value$1,558,192

Alma Mexican Fajitas & Ritas's share

Est. base rent ~$34/sqft/yr · 3,500 sqft · Class A $9,878/mo
NNN CAM / insurance$1,482/mo
NNN property tax$1,558/mo
Personal property tax est — no BPP record $175/mo
Total occupancy $13,092/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 $872,795 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$872,795
COGS (24%)−$209,471
Labor (14%)−$122,191
Occupancy−$141,393
TX MB gross tax (6.7%)−$58,477
Utilities / ins / mktg (8%)−$69,824
Card surcharge net+$9,601
Net profit $281,040
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$872,795
COGS (27%)−$235,655
Labor (17%)−$148,375
Occupancy−$157,103
TX MB gross tax (6.7%)−$58,477
Utilities / ins / mktg (10%)−$87,280
Card surcharge net+$9,601
Net profit $195,506
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$872,795
COGS (30%)−$261,838
Labor (22%)−$192,015
Occupancy−$172,813
TX MB gross tax (6.7%)−$58,477
Utilities / ins / mktg (12%)−$104,735
Card surcharge net+$9,601
Net profit $92,516
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 Alma Latina LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $195,506/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 (~$195,506 net) estimated

Revenue multiple
$436k–$698k
0.5–0.8× gross
SDE multiple
$489k–$684k
2.5–3.5× earnings
Cap rate
$592k–$782k
25–33%
Suggested range
$489k–$684k
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 · Mexican Restaurant

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

We estimate this mexican restaurant pulls $2,493,700–$4,363,975/yr in total revenue (your liquor portion of $872,795 is roughly 20–35% 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
$2,494k–$4,364k
food + liquor + service
Estimated net (10–15%)
$249k–$655k
restaurant margin
Full-business value
$686k–$2,400k
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.

Federal court history

Public records · last checked 2026-06-29

Lookup pending — check back tomorrow

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