← Bourbon Street Seafood Kitchen /

Financials

MB858699
Dashboard › Bourbon Street Seafood Kitchen › Financial Intelligence

Bourbon Street Seafood Kitchen

103 9TH ST, San Antonio, TX 78215 · TABC MB858699

Mixed Beverage San Antonio Market Enriched 2026-08-25
$347,764 Annual gross (L12M) ▼ 7.8% latest MoM Click for monthly detail
$28,980 Avg monthly ▼ 2.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $77,899/yr est. net Click for cost model
$195k–$273k 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $772,809 – $1,391,056/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Bourbon Street Seafood Kitchen My bars

Executive Summary

Click to expand full narrative

Bourbon Street Seafood Kitchen is a mixed-beverage licensed establishment at 103 9TH ST, San Antonio, Texas (TABC MB858699). Over the most recent 12 months it reported $347,764 in gross alcohol sales, averaging $28,980/month with a best month of $40,480. Sales mix: ~67% liquor · 13% beer · 20% wine. The building at this address is owned by SAN ANTONIO HOUSING AUTHORITY $13,766,950 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $77,899 (~22% margin). Acquisition value is estimated at $195k–$273k 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
$347,764
Avg monthly
$28,980
Best month
$40,480
May 2026
Sales mix
67% Liq
13% Beer · 20% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID109402
Property owner (landlord)SAN ANTONIO HOUSING AUTHORITY
Assessed value$13,766,950

Bourbon Street Seafood Kitchen's share

Est. base rent ~$16/sqft/yr · 2,500 sqft · Class A $3,411/mo
NNN CAM / insurance$512/mo
NNN property tax$1,198/mo
Personal property tax est — no BPP record $96/mo
Total occupancy $5,216/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 $347,764 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$347,764
COGS (24%)−$83,463
Labor (14%)−$48,687
Occupancy−$56,338
TX MB gross tax (6.7%)−$23,300
Utilities / ins / mktg (8%)−$27,821
Card surcharge net+$3,825
Net profit $111,980
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$347,764
COGS (27%)−$93,896
Labor (17%)−$59,120
Occupancy−$62,598
TX MB gross tax (6.7%)−$23,300
Utilities / ins / mktg (10%)−$34,776
Card surcharge net+$3,825
Net profit $77,899
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$347,764
COGS (30%)−$104,329
Labor (22%)−$76,508
Occupancy−$68,857
TX MB gross tax (6.7%)−$23,300
Utilities / ins / mktg (12%)−$41,732
Card surcharge net+$3,825
Net profit $36,863
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 Bourbon St. Seafood Kitchen LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $77,899/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 (~$77,899 net) estimated

Revenue multiple
$174k–$278k
0.5–0.8× gross
SDE multiple
$195k–$273k
2.5–3.5× earnings
Cap rate
$236k–$312k
25–33%
Suggested range
$195k–$273k
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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $772,809–$1,391,056/yr in total revenue (your liquor portion of $347,764 is roughly 25–45% 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
$773k–$1,391k
food + liquor + service
Estimated net (10–15%)
$77k–$209k
restaurant margin
Full-business value
$213k–$765k
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 2026-06-13

No federal lawsuits — past or pending