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Financials

MB698540
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Chilos Seafood Restaurant #2

1150 EDGEBROOK DR, Houston, TX 77034 · TABC MB698540

Mixed Beverage Houston Market Enriched 2026-06-15
$1,026,123 Annual gross (L12M) ▼ 8.7% latest MoM Click for monthly detail
$85,510 Avg monthly ▲ 2.3% latest vs avg Click for monthly detail
~30% Est. net margin (likely) $308,619/yr est. net Click for cost model
$772k–$1,026k Est. acquisition range 0.88× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $2,280,273 – $4,104,492/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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Chilos Seafood Restaurant #2 is a mixed-beverage licensed establishment at 1150 EDGEBROOK DR, Houston, Texas (TABC MB698540). Over the most recent 12 months it reported $1,026,123 in gross alcohol sales, averaging $85,510/month with a best month of $95,742. Sales mix: ~49% liquor · 51% beer · 0% wine. The building at this address is owned by EDGEBROOK PLAZA LLC (4,302 sqft, $710,373 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $308,619 (~30% margin). Acquisition value is estimated at $772k–$1,026k 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
$1,026,123
Avg monthly
$85,510
Best month
$95,742
Mar 2026
Sales mix
49% Liq
51% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0451190000085
Property owner (landlord)EDGEBROOK PLAZA LLC
Total building SF4,302
Assessed value$710,373

Chilos Seafood Restaurant #2's share

Est. base rent ~$17/sqft/yr · 5,000 sqft · Class B $6,880/mo
NNN CAM / insurance$1,032/mo
NNN property tax$710/mo
Personal property tax est — no BPP record $205/mo
Total occupancy $8,828/mo

Occupancy analysis

All-in occupancy cost is 10.3% 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 $1,026,123 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$1,026,123
COGS (24%)−$246,270
Labor (14%)−$143,657
Occupancy−$95,341
TX MB gross tax (6.7%)−$68,750
Utilities / ins / mktg (8%)−$82,090
Card surcharge net+$11,287
Net profit $401,302
Most Likely
Typical bar, light food program, full two-shift staffing
~30%
Revenue$1,026,123
COGS (27%)−$277,053
Labor (17%)−$174,441
Occupancy−$105,935
TX MB gross tax (6.7%)−$68,750
Utilities / ins / mktg (10%)−$102,612
Card surcharge net+$11,287
Net profit $308,619
Stressed
Heavy food, larger crew, higher rent
~19%
Revenue$1,026,123
COGS (30%)−$307,837
Labor (22%)−$225,747
Occupancy−$116,528
TX MB gross tax (6.7%)−$68,750
Utilities / ins / mktg (12%)−$123,135
Card surcharge net+$11,287
Net profit $195,413
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 Chilos Seafood Restaurant #2 INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $308,619/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 (~$308,619 net) estimated

Revenue multiple
$513k–$821k
0.5–0.8× gross
SDE multiple
$772k–$1.08M
2.5–3.5× earnings
Cap rate
$935k–$1.23M
25–33%
Suggested range
$772k–$1,026k
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.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $2,280,273–$4,104,492/yr in total revenue (your liquor portion of $1,026,123 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$2,280k–$4,104k
food + liquor + service
Estimated net (10–15%)
$228k–$616k
restaurant margin
Full-business value
$627k–$2,257k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-06-24

Lookup pending — check back tomorrow

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