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Financials

MB200062012
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Dorado's Dive Club

135 SHARK LN, Surfside Beach, TX 77541 · TABC MB200062012

Mixed Beverage Surfside Beach Market Enriched 2026-09-11
$324,526 Annual gross (L12M) ▼ 2.0% latest MoM Click for monthly detail
$27,044 Avg monthly ▲ 16.0% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $90,772/yr est. net Click for cost model
$227k–$318k 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 Dive Bar, liquor is typically only 85–98% of total business revenue. Almost entirely liquor. Estimated total revenue (rough): $331,149 – $381,795/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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Dorado's Dive Club is a mixed-beverage licensed establishment at 135 SHARK LN, Surfside Beach, Texas (TABC MB200062012). Over the most recent 12 months it reported $324,526 in gross alcohol sales, averaging $27,044/month with a best month of $45,865. Sales mix: ~51% liquor · 48% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $90,772 (~28% margin). Acquisition value is estimated at $227k–$318k 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
$324,526
Avg monthly
$27,044
Best month
$45,865
Apr 2026
Sales mix
51% Liq
48% Beer · 2% 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)$2,840/mo
NNN CAM / insurance$426/mo
Total occupancy$3,361/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 $324,526 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$324,526
COGS (24%)−$77,886
Labor (14%)−$45,434
Occupancy−$36,303
TX MB gross tax (6.7%)−$21,743
Utilities / ins / mktg (8%)−$25,962
Card surcharge net+$3,570
Net profit $120,768
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$324,526
COGS (27%)−$87,622
Labor (17%)−$55,169
Occupancy−$40,337
TX MB gross tax (6.7%)−$21,743
Utilities / ins / mktg (10%)−$32,453
Card surcharge net+$3,570
Net profit $90,772
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$324,526
COGS (30%)−$97,358
Labor (22%)−$71,396
Occupancy−$44,370
TX MB gross tax (6.7%)−$21,743
Utilities / ins / mktg (12%)−$38,943
Card surcharge net+$3,570
Net profit $54,286
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 C R Rhoades LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $90,772/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 (~$90,772 net) estimated

Revenue multiple
$162k–$260k
0.5–0.8× gross
SDE multiple
$227k–$318k
2.5–3.5× earnings
Cap rate
$275k–$363k
25–33%
Suggested range
$227k–$318k
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 2026-07-14

No federal lawsuits — past or pending