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MB200076685
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Half Shells Seafood

23501 CINCO RANCH BLVD STE 140, Katy, TX 77494 · TABC MB200076685

Mixed Beverage Katy Market Enriched 2026-08-22
$275,337 Annual gross (L12M) ▼ 38.7% latest MoM Click for monthly detail
$22,945 Avg monthly ▼ 19.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $76,789/yr est. net Click for cost model
$192k–$269k 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 Wine Bar, liquor is typically only 80–95% of total business revenue. Wine + spirits dominant. Estimated total revenue (rough): $289,828 – $344,171/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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Half Shells Seafood is a mixed-beverage licensed establishment at 23501 CINCO RANCH BLVD STE 140, Katy, Texas (TABC MB200076685). Over the most recent 12 months it reported $275,337 in gross alcohol sales, averaging $22,945/month with a best month of $31,180. Sales mix: ~56% liquor · 19% beer · 26% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $76,789 (~28% margin). Acquisition value is estimated at $192k–$269k 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
$275,337
Avg monthly
$22,945
Best month
$31,180
Mar 2026
Sales mix
56% Liq
19% Beer · 26% 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)$2,409/mo
NNN CAM / insurance$361/mo
Total occupancy$2,871/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 $275,337 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$275,337
COGS (24%)−$66,081
Labor (14%)−$38,547
Occupancy−$31,002
TX MB gross tax (6.7%)−$18,448
Utilities / ins / mktg (8%)−$22,027
Card surcharge net+$3,029
Net profit $102,261
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$275,337
COGS (27%)−$74,341
Labor (17%)−$46,807
Occupancy−$34,447
TX MB gross tax (6.7%)−$18,448
Utilities / ins / mktg (10%)−$27,534
Card surcharge net+$3,029
Net profit $76,789
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$275,337
COGS (30%)−$82,601
Labor (22%)−$60,574
Occupancy−$37,892
TX MB gross tax (6.7%)−$18,448
Utilities / ins / mktg (12%)−$33,040
Card surcharge net+$3,029
Net profit $45,811
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 Fcg Katy LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $76,789/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 (~$76,789 net) estimated

Revenue multiple
$138k–$220k
0.5–0.8× gross
SDE multiple
$192k–$269k
2.5–3.5× earnings
Cap rate
$233k–$307k
25–33%
Suggested range
$192k–$269k
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 2026-07-17

No federal lawsuits — past or pending