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Financials

MB200103262
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Drop Shots Htx

2520 AIRLINE DR STE 100, Houston, TX 77009 · TABC MB200103262

Mixed Beverage Houston Market Enriched 2026-08-08
$185,013 Annual gross (L12M) ▲ 41.7% latest MoM Click for monthly detail
$15,418 Avg monthly ▲ 33.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $41,443/yr est. net Click for cost model
$104k–$145k Est. acquisition range 0.67× 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $194,751 – $231,266/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

Drop Shots Htx is a mixed-beverage licensed establishment at 2520 AIRLINE DR STE 100, Houston, Texas (TABC MB200103262). Over the most recent 12 months it reported $185,013 in gross alcohol sales, averaging $15,418/month with a best month of $22,180. Sales mix: ~64% liquor · 34% beer · 2% wine. The building at this address is owned by MLB AIRLINE MARKET LP (58,529 sqft, $25,328,219 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $41,443 (~22% margin). Acquisition value is estimated at $104k–$145k 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
$185,013
Avg monthly
$15,418
Best month
$22,180
Apr 2026
Sales mix
64% Liq
34% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1251680010001
Property owner (landlord)MLB AIRLINE MARKET LP
Total building SF whole parcel — Drop Shots Htx is in STE 10058,529
Drop Shots Htx's footprint estimated — suite-level not on file 2,500 sf
Assessed value$25,328,219

Drop Shots Htx's share

Est. base rent ~$2/sqft/yr · 2,500 sqft · Class A $445/mo
NNN CAM / insurance$67/mo
NNN property tax$2,164/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $2,775/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $185,013 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$185,013
COGS (24%)−$44,403
Labor (14%)−$25,902
Occupancy−$29,972
TX MB gross tax (6.7%)−$12,396
Utilities / ins / mktg (8%)−$14,801
Card surcharge net+$2,035
Net profit $59,574
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$185,013
COGS (27%)−$49,954
Labor (17%)−$31,452
Occupancy−$33,302
TX MB gross tax (6.7%)−$12,396
Utilities / ins / mktg (10%)−$18,501
Card surcharge net+$2,035
Net profit $41,443
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$185,013
COGS (30%)−$55,504
Labor (22%)−$40,703
Occupancy−$36,633
TX MB gross tax (6.7%)−$12,396
Utilities / ins / mktg (12%)−$22,202
Card surcharge net+$2,035
Net profit $19,611
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 Third Coast Hospitality Group LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $41,443/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 (~$41,443 net) estimated

Revenue multiple
$93k–$148k
0.5–0.8× gross
SDE multiple
$104k–$145k
2.5–3.5× earnings
Cap rate
$126k–$166k
25–33%
Suggested range
$104k–$145k
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.