← Hearsay /

Financials

MB690737
Dashboard › Hearsay › Financial Intelligence

Hearsay

218 TRAVIS ST, Houston, TX 77002 · TABC MB690737

Mixed Beverage Houston Market Enriched 2026-07-10
$603,535 Annual gross (L12M) ▲ 9.9% latest MoM Click for monthly detail
$50,295 Avg monthly ▲ 7.1% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $171,047/yr est. net Click for cost model
$428k–$599k Est. acquisition range 0.85× 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): $635,300 – $710,041/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Hearsay My bars

Executive Summary

Click to expand full narrative

Hearsay is a mixed-beverage licensed establishment at 218 TRAVIS ST, Houston, Texas (TABC MB690737). Over the most recent 12 months it reported $603,535 in gross alcohol sales, averaging $50,295/month with a best month of $65,138. Sales mix: ~69% liquor · 8% beer · 23% wine. The building at this address is owned by 218 TRAVIS LLC (2,500 sqft, $412,326 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $171,047 (~28% margin). Acquisition value is estimated at $428k–$599k 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
$603,535
Avg monthly
$50,295
Best month
$65,138
Dec 2025
Sales mix
69% Liq
8% Beer · 23% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0010190000001
Property owner (landlord)218 TRAVIS LLC
Total building SF2,500
Assessed value$412,326

Hearsay's share

Est. base rent ~$16/sqft/yr · 3,500 sqft · Class B $4,810/mo
NNN CAM / insurance$722/mo
NNN property tax$412/mo
Personal property tax est — no BPP record $121/mo
Total occupancy $6,065/mo

Occupancy analysis

All-in occupancy cost is 12.1% 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 $603,535 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~38%
Revenue$603,535
COGS (24%)−$144,848
Labor (14%)−$84,495
Occupancy−$65,503
TX MB gross tax (6.7%)−$40,437
Utilities / ins / mktg (8%)−$48,283
Card surcharge net+$6,639
Net profit $226,608
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$603,535
COGS (27%)−$162,954
Labor (17%)−$102,601
Occupancy−$72,781
TX MB gross tax (6.7%)−$40,437
Utilities / ins / mktg (10%)−$60,354
Card surcharge net+$6,639
Net profit $171,047
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$603,535
COGS (30%)−$181,060
Labor (22%)−$132,778
Occupancy−$80,059
TX MB gross tax (6.7%)−$40,437
Utilities / ins / mktg (12%)−$72,424
Card surcharge net+$6,639
Net profit $103,416
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 LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $171,047/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 (~$171,047 net) estimated

Revenue multiple
$302k–$483k
0.5–0.8× gross
SDE multiple
$428k–$599k
2.5–3.5× earnings
Cap rate
$518k–$684k
25–33%
Suggested range
$428k–$599k
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 2026-07-09

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.