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Financials

MB649421
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Hooters

22575 KATY FWY, Katy, TX 77450 · TABC MB649421

Mixed Beverage Katy Market Enriched 2026-09-13
$357,496 Annual gross (L12M) ▼ 100.0% latest MoM Click for monthly detail
$32,500 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $80,079/yr est. net Click for cost model
$200k–$280k Est. acquisition range 0.67× 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $510,709 – $714,992/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Hooters is a mixed-beverage licensed establishment at 22575 KATY FWY, Katy, Texas (TABC MB649421). Over the most recent 12 months it reported $357,496 in gross alcohol sales, averaging $32,500/month with a best month of $40,002. Sales mix: ~30% liquor · 69% beer · 0% wine. The building at this address is owned by FOURCORNERSTONES XVI LTD (5,319 sqft, $2,531,396 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $80,079 (~22% margin). Acquisition value is estimated at $200k–$280k 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
$357,496
Avg monthly
$32,500
Best month
$40,002
Mar 2025
Sales mix
30% Liq
69% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1071350000028
Property owner (landlord)FOURCORNERSTONES XVI LTD
Total building SF5,319
Assessed value$2,531,396

Hooters's share

Est. base rent ~$12/sqft/yr · 2,500 sqft · Class A $2,507/mo
NNN CAM / insurance$376/mo
NNN property tax$2,380/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $5,362/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $357,496 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$357,496
COGS (24%)−$85,799
Labor (14%)−$50,049
Occupancy−$57,914
TX MB gross tax (6.7%)−$23,952
Utilities / ins / mktg (8%)−$28,600
Card surcharge net+$3,932
Net profit $115,114
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$357,496
COGS (27%)−$96,524
Labor (17%)−$60,774
Occupancy−$64,349
TX MB gross tax (6.7%)−$23,952
Utilities / ins / mktg (10%)−$35,750
Card surcharge net+$3,932
Net profit $80,079
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$357,496
COGS (30%)−$107,249
Labor (22%)−$78,649
Occupancy−$70,784
TX MB gross tax (6.7%)−$23,952
Utilities / ins / mktg (12%)−$42,900
Card surcharge net+$3,932
Net profit $37,895
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 Tw Restaurant Holder LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $80,079/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 (~$80,079 net) estimated

Revenue multiple
$179k–$286k
0.5–0.8× gross
SDE multiple
$200k–$280k
2.5–3.5× earnings
Cap rate
$243k–$320k
25–33%
Suggested range
$200k–$280k
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

20 cases on file · 18 currently open · public records

20 federal cases
18 currently open
18 bankruptcy
1 wage-and-hour
Most recent filing
Hooters of America, LLC and Wind-Down Entities - Adversary Proceeding
TXNB · 2025-06-17 · CLOSED
Public records, last checked 2026-05-22