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MB200059105
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Betelgeuse Betelgeuse

2101 WASHINGTON AVE, Houston, TX 77007 · TABC MB200059105

Mixed Beverage Houston Market Enriched 2026-06-15
$1,123,529 Annual gross (L12M) ▼ 7.2% latest MoM Click for monthly detail
$93,627 Avg monthly ▼ 17.8% latest vs avg Click for monthly detail
~26% Est. net margin (likely) $291,081/yr est. net Click for cost model
$728k–$1,019k Est. acquisition range 0.78× 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $1,182,662 – $1,404,411/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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Betelgeuse Betelgeuse is a mixed-beverage licensed establishment at 2101 WASHINGTON AVE, Houston, Texas (TABC MB200059105). Over the most recent 12 months it reported $1,123,529 in gross alcohol sales, averaging $93,627/month with a best month of $129,815. Sales mix: ~76% liquor · 21% beer · 3% wine. The building at this address is owned by 2101 WASHINGTON LLC (2,500 sqft, $556,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $291,081 (~26% margin). Acquisition value is estimated at $728k–$1,019k 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
$1,123,529
Avg monthly
$93,627
Best month
$129,815
Oct 2025
Sales mix
76% Liq
21% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0051890000005
Property owner (landlord)2101 WASHINGTON LLC
Total building SF2,500
Assessed value$556,000

Betelgeuse Betelgeuse's share

Est. base rent ~$27/sqft/yr · 5,000 sqft · Class A $11,120/mo
NNN CAM / insurance$1,668/mo
NNN property tax$556/mo
Personal property tax est — no BPP record $225/mo
Total occupancy $13,569/mo

Occupancy analysis

All-in occupancy cost is 14.5% 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 $1,123,529 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$1,123,529
COGS (24%)−$269,647
Labor (14%)−$157,294
Occupancy−$146,542
TX MB gross tax (6.7%)−$75,276
Utilities / ins / mktg (8%)−$89,882
Card surcharge net+$12,359
Net profit $397,246
Most Likely
Typical bar, light food program, full two-shift staffing
~26%
Revenue$1,123,529
COGS (27%)−$303,353
Labor (17%)−$191,000
Occupancy−$162,824
TX MB gross tax (6.7%)−$75,276
Utilities / ins / mktg (10%)−$112,353
Card surcharge net+$12,359
Net profit $291,081
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$1,123,529
COGS (30%)−$337,059
Labor (22%)−$247,176
Occupancy−$179,107
TX MB gross tax (6.7%)−$75,276
Utilities / ins / mktg (12%)−$134,823
Card surcharge net+$12,359
Net profit $162,446
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 Betelmania LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $291,081/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 (~$291,081 net) estimated

Revenue multiple
$562k–$899k
0.5–0.8× gross
SDE multiple
$728k–$1.02M
2.5–3.5× earnings
Cap rate
$882k–$1.16M
25–33%
Suggested range
$728k–$1,019k
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 2026-06-17

Lookup pending — check back tomorrow

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