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MB200082373
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Chicas Locas

6440 SOUTHWEST FWY, Houston, TX 77074 · TABC MB200082373

Mixed Beverage Houston Market Enriched 2026-05-24
$3,518,632 Annual gross (L12M) ▲ 11.0% latest MoM Click for monthly detail
$293,219 Avg monthly ▲ 16.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $788,174/yr est. net Click for cost model
$1,970k–$2,759k 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 Adult Entertainment, liquor is typically only 80–95% of total business revenue. Liquor + cover; little food. Estimated total revenue (rough): $3,703,823 – $4,398,290/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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Chicas Locas is a mixed-beverage licensed establishment at 6440 SOUTHWEST FWY, Houston, Texas (TABC MB200082373). Over the most recent 12 months it reported $3,518,632 in gross alcohol sales, averaging $293,219/month with a best month of $342,301. Sales mix: ~54% liquor · 33% beer · 14% wine. The building at this address is owned by RCI HOLDINGS INC (3,351 sqft, $4,200,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $788,174 (~22% margin). Acquisition value is estimated at $1,970k–$2,759k 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
$3,518,632
Avg monthly
$293,219
Best month
$342,301
Apr 2026
Sales mix
54% Liq
33% Beer · 14% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0915440000024
Property owner (landlord)RCI HOLDINGS INC
Total building SF3,351
Assessed value$4,200,000

Chicas Locas's share

Est. base rent ~$67/sqft/yr · 7,500 sqft · Class A $41,808/mo
NNN CAM / insurance$6,271/mo
NNN property tax$4,200/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $52,779/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 $3,518,632 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$3,518,632
COGS (24%)−$844,472
Labor (14%)−$492,608
Occupancy−$570,018
TX MB gross tax (6.7%)−$235,748
Utilities / ins / mktg (8%)−$281,491
Card surcharge net+$38,705
Net profit $1,133,000
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$3,518,632
COGS (27%)−$950,031
Labor (17%)−$598,167
Occupancy−$633,354
TX MB gross tax (6.7%)−$235,748
Utilities / ins / mktg (10%)−$351,863
Card surcharge net+$38,705
Net profit $788,174
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$3,518,632
COGS (30%)−$1,055,590
Labor (22%)−$774,099
Occupancy−$696,689
TX MB gross tax (6.7%)−$235,748
Utilities / ins / mktg (12%)−$422,236
Card surcharge net+$38,705
Net profit $372,975
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 Rci Dining Services (Southwest Freeway) INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $788,174/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 (~$788,174 net) estimated

Revenue multiple
$1.76M–$2.81M
0.5–0.8× gross
SDE multiple
$1.97M–$2.76M
2.5–3.5× earnings
Cap rate
$2.39M–$3.15M
25–33%
Suggested range
$1,970k–$2,759k
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 2026-05-26

Lookup pending — check back tomorrow

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