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Financials

MB200089685
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Concrete Street Amphitheater

1421 N TANCAHUA ST, Corpus Christi, TX 78401 · TABC MB200089685

Mixed Beverage Corpus Christi Market Enriched 2026-09-11
$578,354 Annual gross (L12M) Click for monthly detail
$64,262 Avg monthly ▲ 7.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $162,489/yr est. net Click for cost model
$406k–$569k 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 Music Venue, liquor is typically only 60–85% of total business revenue. Bar + ticket revenue. Estimated total revenue (rough): $680,416 – $963,923/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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Concrete Street Amphitheater is a mixed-beverage licensed establishment at 1421 N TANCAHUA ST, Corpus Christi, Texas (TABC MB200089685). Over the most recent 12 months it reported $578,354 in gross alcohol sales, averaging $64,262/month with a best month of $186,138. Sales mix: ~33% liquor · 67% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $162,489 (~28% margin). Acquisition value is estimated at $406k–$569k 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
$578,354
Avg monthly
$64,262
Best month
$186,138
Oct 2025
Sales mix
33% Liq
67% Beer · 0% 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)$5,061/mo
NNN CAM / insurance$759/mo
Total occupancy$5,931/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 $578,354 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$578,354
COGS (24%)−$138,805
Labor (14%)−$80,970
Occupancy−$64,050
TX MB gross tax (6.7%)−$38,750
Utilities / ins / mktg (8%)−$46,268
Card surcharge net+$6,362
Net profit $215,874
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$578,354
COGS (27%)−$156,156
Labor (17%)−$98,320
Occupancy−$71,166
TX MB gross tax (6.7%)−$38,750
Utilities / ins / mktg (10%)−$57,835
Card surcharge net+$6,362
Net profit $162,489
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$578,354
COGS (30%)−$173,506
Labor (22%)−$127,238
Occupancy−$78,283
TX MB gross tax (6.7%)−$38,750
Utilities / ins / mktg (12%)−$69,402
Card surcharge net+$6,362
Net profit $97,537
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 Cc Peaches LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $162,489/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 (~$162,489 net) estimated

Revenue multiple
$289k–$463k
0.5–0.8× gross
SDE multiple
$406k–$569k
2.5–3.5× earnings
Cap rate
$492k–$650k
25–33%
Suggested range
$406k–$569k
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 2026-07-09

Lookup pending — check back tomorrow

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