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Financials

MB642488
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Hot Rods

6450 LOUETTA RD STE 240, Spring, TX 77379 · TABC MB642488

Mixed Beverage Spring Market Enriched 2026-09-12
$284,674 Annual gross (L12M) ▲ 10.3% latest MoM Click for monthly detail
$23,723 Avg monthly ▲ 6.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $63,767/yr est. net Click for cost model
$159k–$223k 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 Dive Bar, liquor is typically only 85–98% of total business revenue. Almost entirely liquor. Estimated total revenue (rough): $290,484 – $334,911/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

Hot Rods is a mixed-beverage licensed establishment at 6450 LOUETTA RD STE 240, Spring, Texas (TABC MB642488). Over the most recent 12 months it reported $284,674 in gross alcohol sales, averaging $23,723/month with a best month of $28,556. Sales mix: ~68% liquor · 27% beer · 5% wine. The building at this address is owned by SPCK LLC (6,442 sqft, $2,272,336 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $63,767 (~22% margin). Acquisition value is estimated at $159k–$223k 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
$284,674
Avg monthly
$23,723
Best month
$28,556
Apr 2026
Sales mix
68% Liq
27% Beer · 5% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0430330000047
Property owner (landlord)SPCK LLC
Total building SF whole parcel — Hot Rods is in STE 2406,442
Hot Rods's footprint estimated — suite-level not on file 2,500 sf
Assessed value$2,272,336

Hot Rods's share

Est. base rent ~$10/sqft/yr · 2,500 sqft · Class A $2,093/mo
NNN CAM / insurance$314/mo
NNN property tax$1,764/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $4,270/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 $284,674 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$284,674
COGS (24%)−$68,322
Labor (14%)−$39,854
Occupancy−$46,117
TX MB gross tax (6.7%)−$19,073
Utilities / ins / mktg (8%)−$22,774
Card surcharge net+$3,131
Net profit $91,665
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$284,674
COGS (27%)−$76,862
Labor (17%)−$48,395
Occupancy−$51,241
TX MB gross tax (6.7%)−$19,073
Utilities / ins / mktg (10%)−$28,467
Card surcharge net+$3,131
Net profit $63,767
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$284,674
COGS (30%)−$85,402
Labor (22%)−$62,628
Occupancy−$56,365
TX MB gross tax (6.7%)−$19,073
Utilities / ins / mktg (12%)−$34,161
Card surcharge net+$3,131
Net profit $30,175
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 Wva Investments INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $63,767/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 (~$63,767 net) estimated

Revenue multiple
$142k–$228k
0.5–0.8× gross
SDE multiple
$159k–$223k
2.5–3.5× earnings
Cap rate
$193k–$255k
25–33%
Suggested range
$159k–$223k
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 2026-09-03

Lookup pending — check back tomorrow

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