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Financials

MB769850
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Hard Rock Cafe

111 W CROCKETT ST STE 210, San Antonio, TX 78205 · TABC MB769850

Mixed Beverage San Antonio Market Enriched 2026-05-24
$1,917,737 Annual gross (L12M) ▼ 22.2% latest MoM Click for monthly detail
$159,811 Avg monthly ▲ 2.1% latest vs avg Click for monthly detail
~29% Est. net margin (likely) $550,323/yr est. net Click for cost model
$1,376k–$1,918k Est. acquisition range 0.86× 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): $2,018,671 – $2,256,161/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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Hard Rock Cafe is a mixed-beverage licensed establishment at 111 W CROCKETT ST STE 210, San Antonio, Texas (TABC MB769850). Over the most recent 12 months it reported $1,917,737 in gross alcohol sales, averaging $159,811/month with a best month of $209,676. Sales mix: ~60% liquor · 36% beer · 4% wine. The building at this address is owned by BOULDER CREEK COMPANY $4,258,640 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $550,323 (~29% margin). Acquisition value is estimated at $1,376k–$1,918k 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
$1,917,737
Avg monthly
$159,811
Best month
$209,676
Mar 2026
Sales mix
60% Liq
36% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID101671
Property owner (landlord)BOULDER CREEK COMPANY
Hard Rock Cafe's footprint estimated — suite-level not on file 5,000 sf
Assessed value$4,258,640

Hard Rock Cafe's share

Est. base rent ~$33/sqft/yr · 5,000 sqft · Class A $13,542/mo
NNN CAM / insurance$2,031/mo
NNN property tax$2,396/mo
Personal property tax est — no BPP record $368/mo
Total occupancy $18,337/mo

Occupancy analysis

All-in occupancy cost is 11.5% 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 $1,917,737 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~38%
Revenue$1,917,737
COGS (24%)−$460,257
Labor (14%)−$268,483
Occupancy−$198,039
TX MB gross tax (6.7%)−$128,488
Utilities / ins / mktg (8%)−$153,419
Music licensingASCAP + BMI + SESAC + GMR combined−$4,400
Card surcharge net+$21,095
Net profit $725,746
Most Likely
Typical bar, light food program, full two-shift staffing
~29%
Revenue$1,917,737
COGS (27%)−$517,789
Labor (17%)−$326,015
Occupancy−$220,043
TX MB gross tax (6.7%)−$128,488
Utilities / ins / mktg (10%)−$191,774
Music licensingASCAP + BMI + SESAC + GMR combined−$4,400
Card surcharge net+$21,095
Net profit $550,323
Stressed
Heavy food, larger crew, higher rent
~18%
Revenue$1,917,737
COGS (30%)−$575,321
Labor (22%)−$421,902
Occupancy−$242,047
TX MB gross tax (6.7%)−$128,488
Utilities / ins / mktg (12%)−$230,128
Music licensingASCAP + BMI + SESAC + GMR combined−$4,400
Card surcharge net+$21,095
Net profit $336,545
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 Hard Rock Cafe International (Stp) INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $550,323/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 (~$550,323 net) estimated

Revenue multiple
$959k–$1.53M
0.5–0.8× gross
SDE multiple
$1.38M–$1.93M
2.5–3.5× earnings
Cap rate
$1.67M–$2.20M
25–33%
Suggested range
$1,376k–$1,918k
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 2026-06-02

Lookup pending — check back tomorrow

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