← Gringo's Mexican Kitchen /

Financials

MB980060
Dashboard › Gringo's Mexican Kitchen › Financial Intelligence

Gringo's Mexican Kitchen

30420 FM 2978 RD STE 400, The Woodlands, TX 77354 · TABC MB980060

Mixed Beverage The Woodlands Market Enriched 2026-06-27
$780,312 Annual gross (L12M) ▲ 22.2% latest MoM Click for monthly detail
$65,026 Avg monthly ▲ 16.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $219,307/yr est. net Click for cost model
$548k–$768k Est. acquisition range 0.84× 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): $2,229,463 – $3,901,560/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Gringo's Mexican Kitchen My bars

Executive Summary

Click to expand full narrative

Gringo's Mexican Kitchen is a mixed-beverage licensed establishment at 30420 FM 2978 RD STE 400, The Woodlands, Texas (TABC MB980060). Over the most recent 12 months it reported $780,312 in gross alcohol sales, averaging $65,026/month with a best month of $75,689. Sales mix: ~82% liquor · 15% beer · 3% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $219,307 (~28% margin). Acquisition value is estimated at $548k–$768k 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
$780,312
Avg monthly
$65,026
Best month
$75,689
May 2026
Sales mix
82% Liq
15% Beer · 3% 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)$6,828/mo
NNN CAM / insurance$1,024/mo
Total occupancy$7,995/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 $780,312 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$780,312
COGS (24%)−$187,275
Labor (14%)−$109,244
Occupancy−$86,345
TX MB gross tax (6.7%)−$52,281
Utilities / ins / mktg (8%)−$62,425
Card surcharge net+$8,583
Net profit $291,326
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$780,312
COGS (27%)−$210,684
Labor (17%)−$132,653
Occupancy−$95,939
TX MB gross tax (6.7%)−$52,281
Utilities / ins / mktg (10%)−$78,031
Card surcharge net+$8,583
Net profit $219,307
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$780,312
COGS (30%)−$234,094
Labor (22%)−$171,669
Occupancy−$105,533
TX MB gross tax (6.7%)−$52,281
Utilities / ins / mktg (12%)−$93,637
Card surcharge net+$8,583
Net profit $131,682
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 Gringo's Mexican Kitchen No. 6 L.L.C looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $219,307/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 (~$219,307 net) estimated

Revenue multiple
$390k–$624k
0.5–0.8× gross
SDE multiple
$548k–$768k
2.5–3.5× earnings
Cap rate
$665k–$877k
25–33%
Suggested range
$548k–$768k
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 $2,229,463–$3,901,560/yr in total revenue (your liquor portion of $780,312 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
$2,229k–$3,902k
food + liquor + service
Estimated net (10–15%)
$223k–$585k
restaurant margin
Full-business value
$613k–$2,146k
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 2026-06-06

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.