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Financials

MB842906
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Bulldaddies

119 E HUTCHISON ST, San Marcos, TX 78666 · TABC MB842906

Mixed Beverage San Marcos Market Enriched 2026-09-12
$235,957 Annual gross (L12M) — 0.0% latest MoM Click for monthly detail
$19,663 Avg monthly ▲ 46.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $65,785/yr est. net Click for cost model
$164k–$230k 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $248,376 – $294,946/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

Bulldaddies is a mixed-beverage licensed establishment at 119 E HUTCHISON ST, San Marcos, Texas (TABC MB842906). Over the most recent 12 months it reported $235,957 in gross alcohol sales, averaging $19,663/month with a best month of $28,808. Sales mix: ~46% liquor · 52% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $65,785 (~28% margin). Acquisition value is estimated at $164k–$230k 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
$235,957
Avg monthly
$19,663
Best month
$28,808
Apr 2026
Sales mix
46% Liq
52% 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)$2,065/mo
NNN CAM / insurance$310/mo
Total occupancy$2,462/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 $235,957 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$235,957
COGS (24%)−$56,630
Labor (14%)−$33,034
Occupancy−$26,588
TX MB gross tax (6.7%)−$15,809
Utilities / ins / mktg (8%)−$18,877
Card surcharge net+$2,596
Net profit $87,616
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$235,957
COGS (27%)−$63,708
Labor (17%)−$40,113
Occupancy−$29,542
TX MB gross tax (6.7%)−$15,809
Utilities / ins / mktg (10%)−$23,596
Card surcharge net+$2,596
Net profit $65,785
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$235,957
COGS (30%)−$70,787
Labor (22%)−$51,911
Occupancy−$32,496
TX MB gross tax (6.7%)−$15,809
Utilities / ins / mktg (12%)−$28,315
Card surcharge net+$2,596
Net profit $39,235
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 Shysg Group LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $65,785/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 (~$65,785 net) estimated

Revenue multiple
$118k–$189k
0.5–0.8× gross
SDE multiple
$164k–$230k
2.5–3.5× earnings
Cap rate
$199k–$263k
25–33%
Suggested range
$164k–$230k
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

1 case on file · public records

1 federal case
1 contract
As defendant in 1 case
Most recent filing
Joe Hand Promotions, Inc. v. ShySG Group, LLC
TXWD · 2023-02-10 · CLOSED
Public records, last checked 2026-07-14