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Financials

MB106188602
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Driftwood Landing

2401 LAGUNA BLVD STE B, South Padre Island, TX 78597 · TABC MB106188602

Mixed Beverage South Padre Island Market Enriched 2026-07-11
$642,623 Annual gross (L12M) ▲ 26.9% latest MoM Click for monthly detail
$53,552 Avg monthly ▲ 32.1% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $180,545/yr est. net Click for cost model
$451k–$632k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $642,623 – $714,026/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Driftwood Landing is a mixed-beverage licensed establishment at 2401 LAGUNA BLVD STE B, South Padre Island, Texas (TABC MB106188602). Over the most recent 12 months it reported $642,623 in gross alcohol sales, averaging $53,552/month with a best month of $82,670. Sales mix: ~61% liquor · 33% beer · 6% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $180,545 (~28% margin). Acquisition value is estimated at $451k–$632k 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
$642,623
Avg monthly
$53,552
Best month
$82,670
Jul 2025
Sales mix
61% Liq
33% Beer · 6% 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)$5,623/mo
NNN CAM / insurance$843/mo
Total occupancy$6,590/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 $642,623 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$642,623
COGS (24%)−$154,230
Labor (14%)−$89,967
Occupancy−$71,167
TX MB gross tax (6.7%)−$43,056
Utilities / ins / mktg (8%)−$51,410
Card surcharge net+$7,069
Net profit $239,862
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$642,623
COGS (27%)−$173,508
Labor (17%)−$109,246
Occupancy−$79,075
TX MB gross tax (6.7%)−$43,056
Utilities / ins / mktg (10%)−$64,262
Card surcharge net+$7,069
Net profit $180,545
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$642,623
COGS (30%)−$192,787
Labor (22%)−$141,377
Occupancy−$86,982
TX MB gross tax (6.7%)−$43,056
Utilities / ins / mktg (12%)−$77,115
Card surcharge net+$7,069
Net profit $108,375
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 Driftwood Landing LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $180,545/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 (~$180,545 net) estimated

Revenue multiple
$321k–$514k
0.5–0.8× gross
SDE multiple
$451k–$632k
2.5–3.5× earnings
Cap rate
$547k–$722k
25–33%
Suggested range
$451k–$632k
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 2026-05-22

Lookup pending — check back tomorrow

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