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MB705280
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Black Walnut Cafe

5510 MORNINGSIDE DR STE 150, Houston, TX 77005 · TABC MB705280

Mixed Beverage Houston Market Enriched 2026-09-04
$239,014 Annual gross (L12M) ▼ 8.8% latest MoM Click for monthly detail
$19,918 Avg monthly ▼ 4.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $53,539/yr est. net Click for cost model
$134k–$187k 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 Coffee Shop, liquor is typically only 10–25% of total business revenue. Mostly non-alcohol; small bar program. Estimated total revenue (rough): $956,056 – $2,390,140/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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Black Walnut Cafe is a mixed-beverage licensed establishment at 5510 MORNINGSIDE DR STE 150, Houston, Texas (TABC MB705280). Over the most recent 12 months it reported $239,014 in gross alcohol sales, averaging $19,918/month with a best month of $24,156. Sales mix: ~41% liquor · 8% beer · 51% wine. The building at this address is owned by UNIVERSITY NORTHEAST LLC (241,165 sqft, $72,537,821 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $53,539 (~22% margin). Acquisition value is estimated at $134k–$187k 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
$239,014
Avg monthly
$19,918
Best month
$24,156
Mar 2026
Sales mix
41% Liq
8% Beer · 51% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1181420010001
Property owner (landlord)UNIVERSITY NORTHEAST LLC
Total building SF whole parcel — Black Walnut Cafe is in STE 150241,165
Black Walnut Cafe's footprint estimated — suite-level not on file 2,500 sf
Assessed value$72,537,821

Black Walnut Cafe's share

Est. base rent ~$8/sqft/yr · 2,500 sqft · Class A $1,723/mo
NNN CAM / insurance$258/mo
NNN property tax$1,504/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $3,585/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 $239,014 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$239,014
COGS (24%)−$57,363
Labor (14%)−$33,462
Occupancy−$38,720
TX MB gross tax (6.7%)−$16,014
Utilities / ins / mktg (8%)−$19,121
Card surcharge net+$2,629
Net profit $76,963
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$239,014
COGS (27%)−$64,534
Labor (17%)−$40,632
Occupancy−$43,023
TX MB gross tax (6.7%)−$16,014
Utilities / ins / mktg (10%)−$23,901
Card surcharge net+$2,629
Net profit $53,539
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$239,014
COGS (30%)−$71,704
Labor (22%)−$52,583
Occupancy−$47,325
TX MB gross tax (6.7%)−$16,014
Utilities / ins / mktg (12%)−$28,682
Card surcharge net+$2,629
Net profit $25,335
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 Woodlands Hospitality Group LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $53,539/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 (~$53,539 net) estimated

Revenue multiple
$120k–$191k
0.5–0.8× gross
SDE multiple
$134k–$187k
2.5–3.5× earnings
Cap rate
$162k–$214k
25–33%
Suggested range
$134k–$187k
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 · Coffee Shop

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

We estimate this coffee shop pulls $956,056–$2,390,140/yr in total revenue (your liquor portion of $239,014 is roughly 10–25% 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
$956k–$2,390k
food + liquor + service
Estimated net (10–15%)
$96k–$359k
restaurant margin
Full-business value
$263k–$1,315k
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 2026-06-01

Lookup pending — check back tomorrow

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