Dashboard › Brewster Street Icehouse On The Island › Financial Intelligence

Brewster Street Icehouse On The Island

15241 LEEWARD DR, Corpus Christi, TX 78418 · TABC MB200163450

Mixed Beverage Corpus Christi Market Enriched 2026-06-19
$821,431 Annual gross (L12M) ▼ 27.4% latest MoM Click for monthly detail
$91,270 Avg monthly ▼ 16.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $230,781/yr est. net Click for cost model
$577k–$808k 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 Icehouse, liquor is typically only 90–98% of total business revenue. Beer-led, minimal food. Estimated total revenue (rough): $838,195 – $912,701/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Brewster Street Icehouse On The Island My bars

Executive Summary

Click to expand full narrative

Brewster Street Icehouse On The Island is a mixed-beverage licensed establishment at 15241 LEEWARD DR, Corpus Christi, Texas (TABC MB200163450). Over the most recent 12 months it reported $821,431 in gross alcohol sales, averaging $91,270/month with a best month of $139,481. Sales mix: ~50% liquor · 48% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $230,781 (~28% margin). Acquisition value is estimated at $577k–$808k 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
$821,431
Avg monthly
$91,270
Best month
$139,481
Aug 2025
Sales mix
50% Liq
48% Beer · 2% 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)$7,188/mo
NNN CAM / insurance$1,078/mo
Total occupancy$8,423/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 $821,431 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$821,431
COGS (24%)−$197,143
Labor (14%)−$115,000
Occupancy−$90,969
TX MB gross tax (6.7%)−$55,036
Utilities / ins / mktg (8%)−$65,714
Card surcharge net+$9,036
Net profit $306,603
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$821,431
COGS (27%)−$221,786
Labor (17%)−$139,643
Occupancy−$101,077
TX MB gross tax (6.7%)−$55,036
Utilities / ins / mktg (10%)−$82,143
Card surcharge net+$9,036
Net profit $230,781
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$821,431
COGS (30%)−$246,429
Labor (22%)−$180,715
Occupancy−$111,185
TX MB gross tax (6.7%)−$55,036
Utilities / ins / mktg (12%)−$98,572
Card surcharge net+$9,036
Net profit $138,530
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 B3Cctx LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $230,781/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 (~$230,781 net) estimated

Revenue multiple
$411k–$657k
0.5–0.8× gross
SDE multiple
$577k–$808k
2.5–3.5× earnings
Cap rate
$699k–$923k
25–33%
Suggested range
$577k–$808k
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 2026-06-29

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.