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Financials

MB200041243
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Butler's Courtyard

122 N MICHIGAN AVE, League City, TX 77573 · TABC MB200041243

Mixed Beverage League City Market Enriched 2026-09-11
$118,608 Annual gross (L12M) ▼ 82.4% latest MoM Click for monthly detail
$9,884 Avg monthly ▼ 76.7% latest vs avg Click for monthly detail
~27% Est. net margin (likely) $32,446/yr est. net Click for cost model
$81k–$114k Est. acquisition range 0.82× 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $131,787 – $169,440/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

Butler's Courtyard is a mixed-beverage licensed establishment at 122 N MICHIGAN AVE, League City, Texas (TABC MB200041243). Over the most recent 12 months it reported $118,608 in gross alcohol sales, averaging $9,884/month with a best month of $14,724. Sales mix: ~48% liquor · 22% beer · 29% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $32,446 (~27% margin). Acquisition value is estimated at $81k–$114k 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
$118,608
Avg monthly
$9,884
Best month
$14,724
Nov 2025
Sales mix
48% Liq
22% Beer · 29% 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)$1,038/mo
NNN CAM / insurance$156/mo
Total occupancy$1,289/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 $118,608 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$118,608
COGS (24%)−$28,466
Labor (14%)−$16,605
Occupancy−$13,925
TX MB gross tax (6.7%)−$7,947
Utilities / ins / mktg (8%)−$9,489
Card surcharge net+$1,305
Net profit $43,482
Most Likely
Typical bar, light food program, full two-shift staffing
~27%
Revenue$118,608
COGS (27%)−$32,024
Labor (17%)−$20,163
Occupancy−$15,472
TX MB gross tax (6.7%)−$7,947
Utilities / ins / mktg (10%)−$11,861
Card surcharge net+$1,305
Net profit $32,446
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$118,608
COGS (30%)−$35,582
Labor (22%)−$26,094
Occupancy−$17,019
TX MB gross tax (6.7%)−$7,947
Utilities / ins / mktg (12%)−$14,233
Card surcharge net+$1,305
Net profit $19,038
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 Rae Ryan Sisters LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $32,446/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 (~$32,446 net) estimated

Revenue multiple
$59k–$95k
0.5–0.8× gross
SDE multiple
$81k–$114k
2.5–3.5× earnings
Cap rate
$98k–$130k
25–33%
Suggested range
$81k–$114k
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 2026-07-03

Lookup pending — check back tomorrow

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