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MB105784965
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Houston Wheel House @ E19

3950 S TERMINAL RD TERM E GATE E19 SPACE 51, Houston, TX 77032 · TABC MB105784965

Mixed Beverage Houston Market Enriched 2026-06-15
$1,088,451 Annual gross (L12M) ▼ 19.2% latest MoM Click for monthly detail
$90,704 Avg monthly ▼ 12.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $234,621/yr est. net Click for cost model
$587k–$821k Est. acquisition range 0.65× 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): $1,088,451 – $1,209,390/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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Houston Wheel House @ E19 is a mixed-beverage licensed establishment at 3950 S TERMINAL RD TERM E GATE E19 SPACE 51, Houston, Texas (TABC MB105784965). Over the most recent 12 months it reported $1,088,451 in gross alcohol sales, averaging $90,704/month with a best month of $117,447. Sales mix: ~53% liquor · 35% beer · 12% wine. The building at this address is owned by CITY OF HOUSTON (WILL CLAYTON PKY) (103,132 sqft, $25,783,164 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $234,621 (~22% margin). Acquisition value is estimated at $587k–$821k 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
$1,088,451
Avg monthly
$90,704
Best month
$117,447
Jun 2025
Sales mix
53% Liq
35% Beer · 12% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0441120001001
Property owner (landlord)CITY OF HOUSTON (WILL CLAYTON PKY)
Total building SF103,132
Assessed value$25,783,164

Houston Wheel House @ E19's share

Est. base rent ~$30/sqft/yr · 5,000 sqft · Class A $12,500/mo
NNN CAM / insurance$1,875/mo
NNN property tax$2,500/mo
Personal property tax est — no BPP record $218/mo
Total occupancy $17,093/mo

Occupancy analysis

All-in occupancy cost is 18.8% 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 $1,088,451 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~31%
Revenue$1,088,451
COGS (24%)−$261,228
Labor (14%)−$152,383
Occupancy−$184,602
TX MB gross tax (6.7%)−$72,926
Utilities / ins / mktg (8%)−$87,076
Card surcharge net+$11,973
Net profit $342,208
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,088,451
COGS (27%)−$293,882
Labor (17%)−$185,037
Occupancy−$205,114
TX MB gross tax (6.7%)−$72,926
Utilities / ins / mktg (10%)−$108,845
Card surcharge net+$11,973
Net profit $234,621
Stressed
Heavy food, larger crew, higher rent
~10%
Revenue$1,088,451
COGS (30%)−$326,535
Labor (22%)−$239,459
Occupancy−$225,625
TX MB gross tax (6.7%)−$72,926
Utilities / ins / mktg (12%)−$130,614
Card surcharge net+$11,973
Net profit $105,264
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 Otg Management Iah LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $234,621/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 (~$234,621 net) estimated

Revenue multiple
$544k–$871k
0.5–0.8× gross
SDE multiple
$587k–$821k
2.5–3.5× earnings
Cap rate
$711k–$938k
25–33%
Suggested range
$587k–$821k
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 2026-06-10

Lookup pending — check back tomorrow

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