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Financials

MB408089
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Aquarium

405 2ND ST, Kemah, TX 77565 · TABC MB408089

Mixed Beverage Kemah Market Enriched 2026-07-12
$391,807 Annual gross (L12M) ▲ 19.6% latest MoM Click for monthly detail
$32,651 Avg monthly ▲ 10.8% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $109,829/yr est. net Click for cost model
$275k–$384k 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 Wine Bar, liquor is typically only 80–95% of total business revenue. Wine + spirits dominant. Estimated total revenue (rough): $412,428 – $489,759/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

Aquarium is a mixed-beverage licensed establishment at 405 2ND ST, Kemah, Texas (TABC MB408089). Over the most recent 12 months it reported $391,807 in gross alcohol sales, averaging $32,651/month with a best month of $47,593. Sales mix: ~65% liquor · 23% beer · 12% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $109,829 (~28% margin). Acquisition value is estimated at $275k–$384k 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
$391,807
Avg monthly
$32,651
Best month
$47,593
Jul 2025
Sales mix
65% Liq
23% Beer · 12% 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)$3,428/mo
NNN CAM / insurance$514/mo
Total occupancy$4,038/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 $391,807 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$391,807
COGS (24%)−$94,034
Labor (14%)−$54,853
Occupancy−$43,615
TX MB gross tax (6.7%)−$26,251
Utilities / ins / mktg (8%)−$31,345
Card surcharge net+$4,310
Net profit $146,020
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$391,807
COGS (27%)−$105,788
Labor (17%)−$66,607
Occupancy−$48,461
TX MB gross tax (6.7%)−$26,251
Utilities / ins / mktg (10%)−$39,181
Card surcharge net+$4,310
Net profit $109,829
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$391,807
COGS (30%)−$117,542
Labor (22%)−$86,198
Occupancy−$53,307
TX MB gross tax (6.7%)−$26,251
Utilities / ins / mktg (12%)−$47,017
Card surcharge net+$4,310
Net profit $65,803
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 Landry's Crab Shack LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $109,829/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 (~$109,829 net) estimated

Revenue multiple
$196k–$313k
0.5–0.8× gross
SDE multiple
$275k–$384k
2.5–3.5× earnings
Cap rate
$333k–$439k
25–33%
Suggested range
$275k–$384k
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 2026-06-04

Lookup pending — check back tomorrow

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