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MB184413
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Corte Real INC

200 S ALAMO ST, San Antonio, TX 78205 · TABC MB184413

Mixed Beverage San Antonio Market Enriched 2026-05-24
$3,714,854 Annual gross (L12M) ▼ 5.9% latest MoM Click for monthly detail
$309,571 Avg monthly ▲ 17.3% latest vs avg Click for monthly detail
~35% Est. net margin (likely) $1,284,112/yr est. net Click for cost model
$3,210k–$3,715k Est. acquisition range 0.93× 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $4,127,616 – $5,306,934/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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Corte Real INC is a mixed-beverage licensed establishment at 200 S ALAMO ST, San Antonio, Texas (TABC MB184413). Over the most recent 12 months it reported $3,714,854 in gross alcohol sales, averaging $309,571/month with a best month of $385,785. Sales mix: ~52% liquor · 38% beer · 11% wine. The building at this address is owned by SCHARLACK HEATHER ANN & (14,060 sqft, $2,643,040 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,284,112 (~35% margin). Acquisition value is estimated at $3,210k–$3,715k 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
$3,714,854
Avg monthly
$309,571
Best month
$385,785
Mar 2026
Sales mix
52% Liq
38% Beer · 11% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID101636
Property owner (landlord)SCHARLACK HEATHER ANN &
Total building SF14,060
Assessed value$2,643,040

Corte Real INC's share

Est. base rent ~$21/sqft/yr · 7,500 sqft · Class B $12,923/mo
NNN CAM / insurance$1,939/mo
NNN property tax$2,533/mo
Personal property tax est — no BPP record $479/mo
Total occupancy $17,874/mo

Occupancy analysis

All-in occupancy cost is 5.8% 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 $3,714,854 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~43%
Revenue$3,714,854
COGS (24%)−$891,565
Labor (14%)−$520,080
Occupancy−$193,040
TX MB gross tax (6.7%)−$248,895
Utilities / ins / mktg (8%)−$297,188
Music licensingASCAP + BMI + SESAC + GMR combined−$2,200
Card surcharge net+$40,863
Net profit $1,602,750
Most Likely
Typical bar, light food program, full two-shift staffing
~35%
Revenue$3,714,854
COGS (27%)−$1,003,011
Labor (17%)−$631,525
Occupancy−$214,489
TX MB gross tax (6.7%)−$248,895
Utilities / ins / mktg (10%)−$371,485
Music licensingASCAP + BMI + SESAC + GMR combined−$2,200
Card surcharge net+$40,863
Net profit $1,284,112
Stressed
Heavy food, larger crew, higher rent
~24%
Revenue$3,714,854
COGS (30%)−$1,114,456
Labor (22%)−$817,268
Occupancy−$235,938
TX MB gross tax (6.7%)−$248,895
Utilities / ins / mktg (12%)−$445,782
Music licensingASCAP + BMI + SESAC + GMR combined−$2,200
Card surcharge net+$40,863
Net profit $891,178
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 Corte Real INC looking up officers…
5
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,284,112/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 (~$1,284,112 net) estimated

Revenue multiple
$1.86M–$2.97M
0.5–0.8× gross
SDE multiple
$3.21M–$4.49M
2.5–3.5× earnings
Cap rate
$3.89M–$5.14M
25–33%
Suggested range
$3,210k–$3,715k
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 2026-05-23

Lookup pending — check back tomorrow

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