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Financials

MB106860934
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Hearsay On The Waterway

20 WATERWAY AVE STE 105, The Woodlands, TX 77380 · TABC MB106860934

Mixed Beverage The Woodlands Market Enriched 2026-06-15
$1,026,980 Annual gross (L12M) ▲ 20.4% latest MoM Click for monthly detail
$85,582 Avg monthly ▲ 10.3% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $288,633/yr est. net Click for cost model
$722k–$1,010k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $1,026,980 – $1,141,089/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 On The Waterway is a mixed-beverage licensed establishment at 20 WATERWAY AVE STE 105, The Woodlands, Texas (TABC MB106860934). Over the most recent 12 months it reported $1,026,980 in gross alcohol sales, averaging $85,582/month with a best month of $98,969. Sales mix: ~66% liquor · 9% beer · 26% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $288,633 (~28% margin). Acquisition value is estimated at $722k–$1,010k 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
$1,026,980
Avg monthly
$85,582
Best month
$98,969
Dec 2025
Sales mix
66% Liq
9% 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)$8,986/mo
NNN CAM / insurance$1,348/mo
Total occupancy$10,522/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 $1,026,980 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,026,980
COGS (24%)−$246,475
Labor (14%)−$143,777
Occupancy−$113,640
TX MB gross tax (6.7%)−$68,808
Utilities / ins / mktg (8%)−$82,158
Card surcharge net+$11,297
Net profit $383,418
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,026,980
COGS (27%)−$277,285
Labor (17%)−$174,587
Occupancy−$126,267
TX MB gross tax (6.7%)−$68,808
Utilities / ins / mktg (10%)−$102,698
Card surcharge net+$11,297
Net profit $288,633
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,026,980
COGS (30%)−$308,094
Labor (22%)−$225,936
Occupancy−$138,894
TX MB gross tax (6.7%)−$68,808
Utilities / ins / mktg (12%)−$123,238
Card surcharge net+$11,297
Net profit $173,308
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 Landmark Hospitality Group LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $288,633/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 (~$288,633 net) estimated

Revenue multiple
$513k–$822k
0.5–0.8× gross
SDE multiple
$722k–$1.01M
2.5–3.5× earnings
Cap rate
$875k–$1.15M
25–33%
Suggested range
$722k–$1,010k
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 2026-06-17

Lookup pending — check back tomorrow

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