Buzzard Billy's is a mixed-beverage licensed establishment at 100 N JACK KULTGEN EXPY, Waco, Texas (TABC MB976157). Over the most recent 12 months it reported $396,128 in gross alcohol sales, averaging $33,011/month with a best month of $50,979. Sales mix: ~59% liquor · 26% beer · 16% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $111,053 (~28% margin). Acquisition value is estimated at $278k–$389k 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.