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MB1122773
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Elite Lounge

12403 1/2 HILLCROFT ST, Houston, TX 77035 · TABC MB1122773

Mixed Beverage Houston Market Enriched 2026-07-12
$398,479 Annual gross (L12M) ▼ 9.3% latest MoM Click for monthly detail
$33,207 Avg monthly ▲ 3.6% latest vs avg Click for monthly detail
~34% Est. net margin (likely) $134,857/yr est. net Click for cost model
$337k–$398k Est. acquisition range 0.92× 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 Lounge, liquor is typically only 75–90% of total business revenue. Mostly bar program. Estimated total revenue (rough): $442,754 – $531,305/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

Elite Lounge is a mixed-beverage licensed establishment at 12403 1/2 HILLCROFT ST, Houston, Texas (TABC MB1122773). Over the most recent 12 months it reported $398,479 in gross alcohol sales, averaging $33,207/month with a best month of $37,943. Sales mix: ~79% liquor · 16% beer · 4% wine. The building at this address is owned by AKASH JAIN (2,500 sqft, $239,697 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $134,857 (~34% margin). Acquisition value is estimated at $337k–$398k 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
$398,479
Avg monthly
$33,207
Best month
$37,943
Apr 2026
Sales mix
79% Liq
16% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0903750000001
Property owner (landlord)AKASH JAIN
Total building SF2,500
Assessed value$239,697

Elite Lounge's share

Est. base rent ~$8/sqft/yr · 2,500 sqft · Class C $1,598/mo
NNN CAM / insurance$240/mo
NNN property tax$240/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $2,177/mo

Occupancy analysis

All-in occupancy cost is 6.6% 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 $398,479 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~42%
Revenue$398,479
COGS (24%)−$95,635
Labor (14%)−$55,787
Occupancy−$23,516
TX MB gross tax (6.7%)−$26,698
Utilities / ins / mktg (8%)−$31,878
Card surcharge net+$4,383
Net profit $169,348
Most Likely
Typical bar, light food program, full two-shift staffing
~34%
Revenue$398,479
COGS (27%)−$107,589
Labor (17%)−$67,741
Occupancy−$26,128
TX MB gross tax (6.7%)−$26,698
Utilities / ins / mktg (10%)−$39,848
Card surcharge net+$4,383
Net profit $134,857
Stressed
Heavy food, larger crew, higher rent
~23%
Revenue$398,479
COGS (30%)−$119,544
Labor (22%)−$87,665
Occupancy−$28,741
TX MB gross tax (6.7%)−$26,698
Utilities / ins / mktg (12%)−$47,817
Card surcharge net+$4,383
Net profit $92,396
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 Elite Lounge LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $134,857/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 (~$134,857 net) estimated

Revenue multiple
$199k–$319k
0.5–0.8× gross
SDE multiple
$337k–$472k
2.5–3.5× earnings
Cap rate
$409k–$539k
25–33%
Suggested range
$337k–$398k
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 2026-06-05

Lookup pending — check back tomorrow

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