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MB200079007
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Gazebo

3015 BAGBY ST, Houston, TX 77006 · TABC MB200079007

Mixed Beverage Houston Market Enriched 2026-07-12
$101,149 Annual gross (L12M) Click for monthly detail
$16,858 Avg monthly ▲ 70.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $22,657/yr est. net Click for cost model
$57k–$79k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $106,473 – $118,999/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

Gazebo is a mixed-beverage licensed establishment at 3015 BAGBY ST, Houston, Texas (TABC MB200079007). Over the most recent 12 months it reported $101,149 in gross alcohol sales, averaging $16,858/month with a best month of $28,729. Sales mix: ~83% liquor · 16% beer · 1% wine. The building at this address is owned by BAGBY 3015 LLC (2,521 sqft, $822,796 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $22,657 (~22% margin). Acquisition value is estimated at $57k–$79k 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
$101,149
Avg monthly
$16,858
Best month
$28,729
Jul 2025
Sales mix
83% Liq
16% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0132280000012
Property owner (landlord)BAGBY 3015 LLC
Total building SF2,521
Assessed value$822,796

Gazebo's share

Est. base rent ~$2/sqft/yr · 2,500 sqft · Class A $517/mo
NNN CAM / insurance$78/mo
NNN property tax$823/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $1,517/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 $101,149 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$101,149
COGS (24%)−$24,276
Labor (14%)−$14,161
Occupancy−$16,386
TX MB gross tax (6.7%)−$6,777
Utilities / ins / mktg (8%)−$8,092
Card surcharge net+$1,113
Net profit $32,570
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$101,149
COGS (27%)−$27,310
Labor (17%)−$17,195
Occupancy−$18,207
TX MB gross tax (6.7%)−$6,777
Utilities / ins / mktg (10%)−$10,115
Card surcharge net+$1,113
Net profit $22,657
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$101,149
COGS (30%)−$30,345
Labor (22%)−$22,253
Occupancy−$20,028
TX MB gross tax (6.7%)−$6,777
Utilities / ins / mktg (12%)−$12,138
Card surcharge net+$1,113
Net profit $10,722
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 Gazebo LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $22,657/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 (~$22,657 net) estimated

Revenue multiple
$51k–$81k
0.5–0.8× gross
SDE multiple
$57k–$79k
2.5–3.5× earnings
Cap rate
$69k–$91k
25–33%
Suggested range
$57k–$79k
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 2026-08-29

Lookup pending — check back tomorrow

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