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Financials

MB718575
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Cultivated F+B

701 TEXAS ST, Houston, TX 77002 · TABC MB718575

Mixed Beverage Houston Market Enriched 2026-06-27
$779,466 Annual gross (L12M) ▼ 1.8% latest MoM Click for monthly detail
$64,956 Avg monthly ▲ 6.1% latest vs avg Click for monthly detail
~23% Est. net margin (likely) $177,831/yr est. net Click for cost model
$445k–$622k Est. acquisition range 0.68× 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $779,466 – $866,073/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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Cultivated F+B is a mixed-beverage licensed establishment at 701 TEXAS ST, Houston, Texas (TABC MB718575). Over the most recent 12 months it reported $779,466 in gross alcohol sales, averaging $64,956/month with a best month of $86,578. Sales mix: ~52% liquor · 4% beer · 44% wine. The building at this address is owned by SHINN LANCASTER HOTEL LTD (77,227 sqft, $18,414,969 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $177,831 (~23% margin). Acquisition value is estimated at $445k–$622k 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
$779,466
Avg monthly
$64,956
Best month
$86,578
Dec 2025
Sales mix
52% Liq
4% Beer · 44% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0010590000006
Property owner (landlord)SHINN LANCASTER HOTEL LTD
Total building SF77,227
Assessed value$18,414,969

Cultivated F+B's share

Est. base rent ~$29/sqft/yr · 3,500 sqft · Class A $8,346/mo
NNN CAM / insurance$1,252/mo
NNN property tax$1,669/mo
Personal property tax est — no BPP record $156/mo
Total occupancy $11,423/mo

Occupancy analysis

All-in occupancy cost is 17.6% 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 $779,466 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~33%
Revenue$779,466
COGS (24%)−$187,072
Labor (14%)−$109,125
Occupancy−$123,366
TX MB gross tax (6.7%)−$52,224
Utilities / ins / mktg (8%)−$62,357
Card surcharge net+$8,574
Net profit $253,896
Most Likely
Typical bar, light food program, full two-shift staffing
~23%
Revenue$779,466
COGS (27%)−$210,456
Labor (17%)−$132,509
Occupancy−$137,073
TX MB gross tax (6.7%)−$52,224
Utilities / ins / mktg (10%)−$77,947
Card surcharge net+$8,574
Net profit $177,831
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$779,466
COGS (30%)−$233,840
Labor (22%)−$171,483
Occupancy−$150,781
TX MB gross tax (6.7%)−$52,224
Utilities / ins / mktg (12%)−$93,536
Card surcharge net+$8,574
Net profit $86,177
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 Ph Liquor CO LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $177,831/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 (~$177,831 net) estimated

Revenue multiple
$390k–$624k
0.5–0.8× gross
SDE multiple
$445k–$622k
2.5–3.5× earnings
Cap rate
$539k–$711k
25–33%
Suggested range
$445k–$622k
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 2026-05-31

Lookup pending — check back tomorrow

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