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Financials

MB776942
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Grooves Of Houston

2300 PIERCE ST, Houston, TX 77003 · TABC MB776942

Mixed Beverage Houston Market Enriched 2026-07-11
$654,288 Annual gross (L12M) ▲ 2.1% latest MoM Click for monthly detail
$54,524 Avg monthly ▼ 0.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $146,561/yr est. net Click for cost model
$366k–$513k 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): $688,724 – $769,751/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

Grooves Of Houston is a mixed-beverage licensed establishment at 2300 PIERCE ST, Houston, Texas (TABC MB776942). Over the most recent 12 months it reported $654,288 in gross alcohol sales, averaging $54,524/month with a best month of $66,805. Sales mix: ~98% liquor · 1% beer · 1% wine. The building at this address is owned by DREXLER CLYDE (4,380 sqft, $1,633,400 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $146,561 (~22% margin). Acquisition value is estimated at $366k–$513k 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
$654,288
Avg monthly
$54,524
Best month
$66,805
Aug 2025
Sales mix
98% Liq
1% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0021270000009
Property owner (landlord)DREXLER CLYDE
Total building SF4,380
Assessed value$1,633,400

Grooves Of Houston's share

Est. base rent ~$24/sqft/yr · 3,500 sqft · Class A $7,000/mo
NNN CAM / insurance$1,050/mo
NNN property tax$1,633/mo
Personal property tax est — no BPP record $131/mo
Total occupancy $9,814/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 $654,288 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$654,288
COGS (24%)−$157,029
Labor (14%)−$91,600
Occupancy−$105,995
TX MB gross tax (6.7%)−$43,837
Utilities / ins / mktg (8%)−$52,343
Card surcharge net+$7,197
Net profit $210,681
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$654,288
COGS (27%)−$176,658
Labor (17%)−$111,229
Occupancy−$117,772
TX MB gross tax (6.7%)−$43,837
Utilities / ins / mktg (10%)−$65,429
Card surcharge net+$7,197
Net profit $146,561
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$654,288
COGS (30%)−$196,286
Labor (22%)−$143,943
Occupancy−$129,549
TX MB gross tax (6.7%)−$43,837
Utilities / ins / mktg (12%)−$78,515
Card surcharge net+$7,197
Net profit $69,355
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 Houston Grooves LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $146,561/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 (~$146,561 net) estimated

Revenue multiple
$327k–$523k
0.5–0.8× gross
SDE multiple
$366k–$513k
2.5–3.5× earnings
Cap rate
$444k–$586k
25–33%
Suggested range
$366k–$513k
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 2026-07-08

Lookup pending — check back tomorrow

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