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MB1123021
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Garely's Mexican Restaurant 2 LLC

8200 E HIGHWAY 191, Odessa, TX 79765 · TABC MB1123021

Mixed Beverage Odessa Market Enriched 2026-08-31
$172,188 Annual gross (L12M) ▼ 1.1% latest MoM Click for monthly detail
$14,349 Avg monthly ▼ 6.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $47,622/yr est. net Click for cost model
$119k–$167k Est. acquisition range 0.83× 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 Mexican Restaurant, liquor is typically only 20–35% of total business revenue. Mexican restaurant. Margaritas + tequila lift the liquor share but food still dominates. Estimated total revenue (rough): $491,966 – $860,940/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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Garely's Mexican Restaurant 2 LLC is a mixed-beverage licensed establishment at 8200 E HIGHWAY 191, Odessa, Texas (TABC MB1123021). Over the most recent 12 months it reported $172,188 in gross alcohol sales, averaging $14,349/month with a best month of $16,431. Sales mix: ~36% liquor · 59% beer · 6% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $47,622 (~28% margin). Acquisition value is estimated at $119k–$167k 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
$172,188
Avg monthly
$14,349
Best month
$16,431
Nov 2025
Sales mix
36% Liq
59% 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)$1,507/mo
NNN CAM / insurance$226/mo
Total occupancy$1,828/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 $172,188 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$172,188
COGS (24%)−$41,325
Labor (14%)−$24,106
Occupancy−$19,748
TX MB gross tax (6.7%)−$11,537
Utilities / ins / mktg (8%)−$13,775
Card surcharge net+$1,894
Net profit $63,591
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$172,188
COGS (27%)−$46,491
Labor (17%)−$29,272
Occupancy−$21,942
TX MB gross tax (6.7%)−$11,537
Utilities / ins / mktg (10%)−$17,219
Card surcharge net+$1,894
Net profit $47,622
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$172,188
COGS (30%)−$51,656
Labor (22%)−$37,881
Occupancy−$24,136
TX MB gross tax (6.7%)−$11,537
Utilities / ins / mktg (12%)−$20,663
Card surcharge net+$1,894
Net profit $28,209
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 Garely's Mexican Restaurant 2 LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $47,622/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 (~$47,622 net) estimated

Revenue multiple
$86k–$138k
0.5–0.8× gross
SDE multiple
$119k–$167k
2.5–3.5× earnings
Cap rate
$144k–$190k
25–33%
Suggested range
$119k–$167k
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.
Full-business estimate · Mexican Restaurant

If you're buying the whole restaurant, not just the bar program

We estimate this mexican restaurant pulls $491,966–$860,940/yr in total revenue (your liquor portion of $172,188 is roughly 20–35% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$492k–$861k
food + liquor + service
Estimated net (10–15%)
$49k–$129k
restaurant margin
Full-business value
$135k–$474k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-07-07

Lookup pending — check back tomorrow

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