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Financials

MB601984
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House Of Rock

511 STARR ST, Corpus Christi, TX 78401 · TABC MB601984

Mixed Beverage Corpus Christi Market Enriched 2026-07-12
$691,914 Annual gross (L12M) ▲ 13.5% latest MoM Click for monthly detail
$57,660 Avg monthly ▲ 22.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $194,393/yr est. net Click for cost model
$486k–$680k 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 Music Venue, liquor is typically only 60–85% of total business revenue. Bar + ticket revenue. Estimated total revenue (rough): $814,016 – $1,153,190/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

House Of Rock is a mixed-beverage licensed establishment at 511 STARR ST, Corpus Christi, Texas (TABC MB601984). Over the most recent 12 months it reported $691,914 in gross alcohol sales, averaging $57,660/month with a best month of $73,318. Sales mix: ~61% liquor · 38% beer · 1% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $194,393 (~28% margin). Acquisition value is estimated at $486k–$680k 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
$691,914
Avg monthly
$57,660
Best month
$73,318
Mar 2026
Sales mix
61% Liq
38% Beer · 1% 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)$6,054/mo
NNN CAM / insurance$908/mo
Total occupancy$7,095/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 $691,914 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$691,914
COGS (24%)−$166,059
Labor (14%)−$96,868
Occupancy−$76,626
TX MB gross tax (6.7%)−$46,358
Utilities / ins / mktg (8%)−$55,353
Card surcharge net+$7,611
Net profit $258,260
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$691,914
COGS (27%)−$186,817
Labor (17%)−$117,625
Occupancy−$85,140
TX MB gross tax (6.7%)−$46,358
Utilities / ins / mktg (10%)−$69,191
Card surcharge net+$7,611
Net profit $194,393
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$691,914
COGS (30%)−$207,574
Labor (22%)−$152,221
Occupancy−$93,654
TX MB gross tax (6.7%)−$46,358
Utilities / ins / mktg (12%)−$83,030
Card surcharge net+$7,611
Net profit $116,688
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 Entertainment Showcase INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $194,393/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 (~$194,393 net) estimated

Revenue multiple
$346k–$554k
0.5–0.8× gross
SDE multiple
$486k–$680k
2.5–3.5× earnings
Cap rate
$589k–$778k
25–33%
Suggested range
$486k–$680k
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 2026-07-08

Lookup pending — check back tomorrow

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