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Financials

MB105675327
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Free Range Hcc LLC

1836 POLK ST, Houston, TX 77003 · TABC MB105675327

Mixed Beverage Houston Market Enriched 2026-05-24
$3,038,812 Annual gross (L12M) ▼ 100.0% latest MoM Click for monthly detail
$276,256 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~30% Est. net margin (likely) $917,922/yr est. net Click for cost model
$2,295k–$3,039k Est. acquisition range 0.88× 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 Music Venue, liquor is typically only 60–85% of total business revenue. Bar + ticket revenue. Estimated total revenue (rough): $3,575,073 – $5,064,687/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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Free Range Hcc LLC is a mixed-beverage licensed establishment at 1836 POLK ST, Houston, Texas (TABC MB105675327). Over the most recent 12 months it reported $3,038,812 in gross alcohol sales, averaging $276,256/month with a best month of $374,687. Sales mix: ~66% liquor · 26% beer · 8% wine. The building at this address is owned by HOUSTON FIRST CORPORATION (16,752 sqft, $4,188,117 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $917,922 (~30% margin). Acquisition value is estimated at $2,295k–$3,039k 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
$3,038,812
Avg monthly
$276,256
Best month
$374,687
Mar 2025
Sales mix
66% Liq
26% Beer · 8% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0020270000001
Property owner (landlord)HOUSTON FIRST CORPORATION
Total building SF16,752
Assessed value$4,188,117

Free Range Hcc LLC's share

Est. base rent ~$30/sqft/yr · 7,500 sqft · Class A $18,751/mo
NNN CAM / insurance$2,813/mo
NNN property tax$3,750/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $25,813/mo

Occupancy analysis

All-in occupancy cost is 10.2% 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 $3,038,812 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$3,038,812
COGS (24%)−$729,315
Labor (14%)−$425,434
Occupancy−$278,783
TX MB gross tax (6.7%)−$203,600
Utilities / ins / mktg (8%)−$243,105
Card surcharge net+$33,427
Net profit $1,192,002
Most Likely
Typical bar, light food program, full two-shift staffing
~30%
Revenue$3,038,812
COGS (27%)−$820,479
Labor (17%)−$516,598
Occupancy−$309,758
TX MB gross tax (6.7%)−$203,600
Utilities / ins / mktg (10%)−$303,881
Card surcharge net+$33,427
Net profit $917,922
Stressed
Heavy food, larger crew, higher rent
~19%
Revenue$3,038,812
COGS (30%)−$911,644
Labor (22%)−$668,539
Occupancy−$340,734
TX MB gross tax (6.7%)−$203,600
Utilities / ins / mktg (12%)−$364,657
Card surcharge net+$33,427
Net profit $583,065
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 Free Range Hcc LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $917,922/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 (~$917,922 net) estimated

Revenue multiple
$1.52M–$2.43M
0.5–0.8× gross
SDE multiple
$2.29M–$3.21M
2.5–3.5× earnings
Cap rate
$2.78M–$3.67M
25–33%
Suggested range
$2,295k–$3,039k
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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