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Financials

MB200086117
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Betelgeuse Betelgeuse II

4500 MONTROSE BLVD, Houston, TX 77006 · TABC MB200086117

Mixed Beverage Houston Market Enriched 2026-07-12
$575,632 Annual gross (L12M) ▲ 14.5% latest MoM Click for monthly detail
$47,969 Avg monthly ▼ 26.5% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $128,942/yr est. net Click for cost model
$322k–$451k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $575,632 – $639,591/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 II is a mixed-beverage licensed establishment at 4500 MONTROSE BLVD, Houston, Texas (TABC MB200086117). Over the most recent 12 months it reported $575,632 in gross alcohol sales, averaging $47,969/month with a best month of $85,348. Sales mix: ~84% liquor · 11% beer · 6% wine. The building at this address is owned by 4506 MONTROSE APARTMENTS LLC (2,500 sqft, $1,673,534 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $128,942 (~22% margin). Acquisition value is estimated at $322k–$451k 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
$575,632
Avg monthly
$47,969
Best month
$85,348
Aug 2025
Sales mix
84% Liq
11% Beer · 6% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0302450000010
Property owner (landlord)4506 MONTROSE APARTMENTS LLC
Total building SF2,500
Assessed value$1,673,534

Betelgeuse Betelgeuse II's share

Est. base rent ~$20/sqft/yr · 3,500 sqft · Class A $5,953/mo
NNN CAM / insurance$893/mo
NNN property tax$1,674/mo
Personal property tax est — no BPP record $115/mo
Total occupancy $8,634/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 $575,632 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$575,632
COGS (24%)−$138,152
Labor (14%)−$80,588
Occupancy−$93,252
TX MB gross tax (6.7%)−$38,567
Utilities / ins / mktg (8%)−$46,051
Card surcharge net+$6,332
Net profit $185,354
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$575,632
COGS (27%)−$155,421
Labor (17%)−$97,857
Occupancy−$103,614
TX MB gross tax (6.7%)−$38,567
Utilities / ins / mktg (10%)−$57,563
Card surcharge net+$6,332
Net profit $128,942
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$575,632
COGS (30%)−$172,690
Labor (22%)−$126,639
Occupancy−$113,975
TX MB gross tax (6.7%)−$38,567
Utilities / ins / mktg (12%)−$69,076
Card surcharge net+$6,332
Net profit $61,017
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 Beteldeuce LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $128,942/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 (~$128,942 net) estimated

Revenue multiple
$288k–$461k
0.5–0.8× gross
SDE multiple
$322k–$451k
2.5–3.5× earnings
Cap rate
$391k–$516k
25–33%
Suggested range
$322k–$451k
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 2026-07-10

Lookup pending — check back tomorrow

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