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Financials

MB880493
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Hearsay Discovery Green LLC

1515 DALLAS ST, Houston, TX 77010 · TABC MB880493

Mixed Beverage Houston Market Enriched 2026-06-15
$1,064,755 Annual gross (L12M) ▼ 29.2% latest MoM Click for monthly detail
$88,730 Avg monthly ▼ 1.4% latest vs avg Click for monthly detail
~24% Est. net margin (likely) $260,240/yr est. net Click for cost model
$651k–$911k Est. acquisition range 0.73× 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): $1,120,795 – $1,252,653/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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Hearsay Discovery Green LLC is a mixed-beverage licensed establishment at 1515 DALLAS ST, Houston, Texas (TABC MB880493). Over the most recent 12 months it reported $1,064,755 in gross alcohol sales, averaging $88,730/month with a best month of $123,621. Sales mix: ~64% liquor · 15% beer · 21% wine. The building at this address is owned by ALH PROPERTIES NO FOURTEEN LP (197,193 sqft, $40,744,816 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $260,240 (~24% margin). Acquisition value is estimated at $651k–$911k 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
$1,064,755
Avg monthly
$88,730
Best month
$123,621
Mar 2026
Sales mix
64% Liq
15% Beer · 21% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0012380000006
Property owner (landlord)ALH PROPERTIES NO FOURTEEN LP
Total building SF197,193
Assessed value$40,744,816

Hearsay Discovery Green LLC's share

Est. base rent ~$25/sqft/yr · 5,000 sqft · Class A $10,331/mo
NNN CAM / insurance$1,550/mo
NNN property tax$2,066/mo
Personal property tax est — no BPP record $213/mo
Total occupancy $14,160/mo

Occupancy analysis

All-in occupancy cost is 16.0% 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 $1,064,755 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~34%
Revenue$1,064,755
COGS (24%)−$255,541
Labor (14%)−$149,066
Occupancy−$152,929
TX MB gross tax (6.7%)−$71,339
Utilities / ins / mktg (8%)−$85,180
Card surcharge net+$11,712
Net profit $362,413
Most Likely
Typical bar, light food program, full two-shift staffing
~24%
Revenue$1,064,755
COGS (27%)−$287,484
Labor (17%)−$181,008
Occupancy−$169,921
TX MB gross tax (6.7%)−$71,339
Utilities / ins / mktg (10%)−$106,476
Card surcharge net+$11,712
Net profit $260,240
Stressed
Heavy food, larger crew, higher rent
~13%
Revenue$1,064,755
COGS (30%)−$319,426
Labor (22%)−$234,246
Occupancy−$186,913
TX MB gross tax (6.7%)−$71,339
Utilities / ins / mktg (12%)−$127,771
Card surcharge net+$11,712
Net profit $136,773
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 Hearsay Discovery Green LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $260,240/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 (~$260,240 net) estimated

Revenue multiple
$532k–$852k
0.5–0.8× gross
SDE multiple
$651k–$911k
2.5–3.5× earnings
Cap rate
$789k–$1.04M
25–33%
Suggested range
$651k–$911k
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 2026-06-16

Lookup pending — check back tomorrow

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