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MB617115
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Gringo's Mexican Kitchen

6925 CYPRESSWOOD DR STE G, Spring, TX 77379 · TABC MB617115

Mixed Beverage Spring Market Enriched 2026-06-19
$841,876 Annual gross (L12M) ▼ 3.9% latest MoM Click for monthly detail
$70,156 Avg monthly ▼ 2.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $188,580/yr est. net Click for cost model
$471k–$660k 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 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): $2,405,360 – $4,209,380/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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Gringo's Mexican Kitchen is a mixed-beverage licensed establishment at 6925 CYPRESSWOOD DR STE G, Spring, Texas (TABC MB617115). Over the most recent 12 months it reported $841,876 in gross alcohol sales, averaging $70,156/month with a best month of $93,968. Sales mix: ~84% liquor · 12% beer · 4% wine. The building at this address is owned by STEUBNER-AIRLINE CVS LP (7,927 sqft, $2,815,242 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $188,580 (~22% margin). Acquisition value is estimated at $471k–$660k 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
$841,876
Avg monthly
$70,156
Best month
$93,968
May 2025
Sales mix
84% Liq
12% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1234370010001
Property owner (landlord)STEUBNER-AIRLINE CVS LP
Total building SF whole parcel — Gringo's Mexican Kitchen is in STE G7,927
Gringo's Mexican Kitchen's footprint estimated — suite-level not on file 3,500 sf
Assessed value$2,815,242

Gringo's Mexican Kitchen's share

Est. base rent ~$30/sqft/yr · 3,500 sqft · Class A $8,673/mo
NNN CAM / insurance$1,301/mo
NNN property tax$2,486/mo
Personal property tax est — no BPP record $168/mo
Total occupancy $12,628/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 $841,876 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$841,876
COGS (24%)−$202,050
Labor (14%)−$117,863
Occupancy−$136,384
TX MB gross tax (6.7%)−$56,406
Utilities / ins / mktg (8%)−$67,350
Card surcharge net+$9,261
Net profit $271,084
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$841,876
COGS (27%)−$227,307
Labor (17%)−$143,119
Occupancy−$151,538
TX MB gross tax (6.7%)−$56,406
Utilities / ins / mktg (10%)−$84,188
Card surcharge net+$9,261
Net profit $188,580
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$841,876
COGS (30%)−$252,563
Labor (22%)−$185,213
Occupancy−$166,691
TX MB gross tax (6.7%)−$56,406
Utilities / ins / mktg (12%)−$101,025
Card surcharge net+$9,261
Net profit $89,239
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 #7 INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $188,580/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 (~$188,580 net) estimated

Revenue multiple
$421k–$674k
0.5–0.8× gross
SDE multiple
$471k–$660k
2.5–3.5× earnings
Cap rate
$571k–$754k
25–33%
Suggested range
$471k–$660k
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 $2,405,360–$4,209,380/yr in total revenue (your liquor portion of $841,876 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
$2,405k–$4,209k
food + liquor + service
Estimated net (10–15%)
$241k–$631k
restaurant margin
Full-business value
$661k–$2,315k
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 2026-07-01

Lookup pending — check back tomorrow

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