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Financials

MB649232
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Old Ironhorse Saloon

621 CHANDLER DR, Blanco, TX 78606 · TABC MB649232

Mixed Beverage Blanco Market Enriched 2026-08-07
$478,232 Annual gross (L12M) ▼ 21.7% latest MoM Click for monthly detail
$39,853 Avg monthly ▼ 4.7% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $134,309/yr est. net Click for cost model
$336k–$470k 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 Saloon, liquor is typically only 85–95% of total business revenue. Liquor-led. Estimated total revenue (rough): $503,402 – $562,626/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

Old Ironhorse Saloon is a mixed-beverage licensed establishment at 621 CHANDLER DR, Blanco, Texas (TABC MB649232). Over the most recent 12 months it reported $478,232 in gross alcohol sales, averaging $39,853/month with a best month of $48,485. Sales mix: ~61% liquor · 39% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $134,309 (~28% margin). Acquisition value is estimated at $336k–$470k 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
$478,232
Avg monthly
$39,853
Best month
$48,485
May 2026
Sales mix
61% Liq
39% Beer · 0% 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)$4,185/mo
NNN CAM / insurance$628/mo
Total occupancy$4,908/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 $478,232 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$478,232
COGS (24%)−$114,776
Labor (14%)−$66,952
Occupancy−$53,007
TX MB gross tax (6.7%)−$32,042
Utilities / ins / mktg (8%)−$38,259
Card surcharge net+$5,261
Net profit $178,457
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$478,232
COGS (27%)−$129,123
Labor (17%)−$81,299
Occupancy−$58,897
TX MB gross tax (6.7%)−$32,042
Utilities / ins / mktg (10%)−$47,823
Card surcharge net+$5,261
Net profit $134,309
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$478,232
COGS (30%)−$143,470
Labor (22%)−$105,211
Occupancy−$64,786
TX MB gross tax (6.7%)−$32,042
Utilities / ins / mktg (12%)−$57,388
Card surcharge net+$5,261
Net profit $80,596
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 Blanco Riverside LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $134,309/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 (~$134,309 net) estimated

Revenue multiple
$239k–$383k
0.5–0.8× gross
SDE multiple
$336k–$470k
2.5–3.5× earnings
Cap rate
$407k–$537k
25–33%
Suggested range
$336k–$470k
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 2026-07-09

Lookup pending — check back tomorrow

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