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Financials

MB200090758
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Hudson House

1966 W GRAY ST, Houston, TX 77019 · TABC MB200090758

Mixed Beverage Houston Market Enriched 2026-05-24
$2,261,505 Annual gross (L12M) ▲ 2.0% latest MoM Click for monthly detail
$188,459 Avg monthly ▲ 12.6% latest vs avg Click for monthly detail
~24% Est. net margin (likely) $545,142/yr est. net Click for cost model
$1,363k–$1,908k Est. acquisition range 0.72× 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $2,380,532 – $2,826,881/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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Hudson House is a mixed-beverage licensed establishment at 1966 W GRAY ST, Houston, Texas (TABC MB200090758). Over the most recent 12 months it reported $2,261,505 in gross alcohol sales, averaging $188,459/month with a best month of $215,329. Sales mix: ~73% liquor · 3% beer · 24% wine. The building at this address is owned by KIMCO REALTY CORPORATION (88,839 sqft, $26,547,751 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $545,142 (~24% margin). Acquisition value is estimated at $1,363k–$1,908k 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
$2,261,505
Avg monthly
$188,459
Best month
$215,329
Dec 2025
Sales mix
73% Liq
3% Beer · 24% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0442250000170
Property owner (landlord)KIMCO REALTY CORPORATION
Total building SF88,839
Assessed value$26,547,751

Hudson House's share

Est. base rent ~$36/sqft/yr · 7,500 sqft · Class A $22,412/mo
NNN CAM / insurance$3,362/mo
NNN property tax$4,482/mo
Personal property tax est — no BPP record $452/mo
Total occupancy $30,709/mo

Occupancy analysis

All-in occupancy cost is 16.3% 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 $2,261,505 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~34%
Revenue$2,261,505
COGS (24%)−$542,761
Labor (14%)−$316,611
Occupancy−$331,655
TX MB gross tax (6.7%)−$151,521
Utilities / ins / mktg (8%)−$180,920
Card surcharge net+$24,877
Net profit $762,913
Most Likely
Typical bar, light food program, full two-shift staffing
~24%
Revenue$2,261,505
COGS (27%)−$610,606
Labor (17%)−$384,456
Occupancy−$368,506
TX MB gross tax (6.7%)−$151,521
Utilities / ins / mktg (10%)−$226,150
Card surcharge net+$24,877
Net profit $545,142
Stressed
Heavy food, larger crew, higher rent
~12%
Revenue$2,261,505
COGS (30%)−$678,452
Labor (22%)−$497,531
Occupancy−$405,357
TX MB gross tax (6.7%)−$151,521
Utilities / ins / mktg (12%)−$271,381
Card surcharge net+$24,877
Net profit $282,141
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 Hudson House River Oaks LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $545,142/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 (~$545,142 net) estimated

Revenue multiple
$1.13M–$1.81M
0.5–0.8× gross
SDE multiple
$1.36M–$1.91M
2.5–3.5× earnings
Cap rate
$1.65M–$2.18M
25–33%
Suggested range
$1,363k–$1,908k
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 2026-06-01

Lookup pending — check back tomorrow

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