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Financials

MB200155714
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Hughie's

1802 W 18TH ST, Houston, TX 77008 · TABC MB200155714

Mixed Beverage Houston Market Enriched 2026-07-09
$378,896 Annual gross (L12M) ▲ 3.7% latest MoM Click for monthly detail
$31,575 Avg monthly ▲ 9.0% latest vs avg Click for monthly detail
~39% Est. net margin (likely) $147,248/yr est. net Click for cost model
$368k–$379k Est. acquisition range 0.99× 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): $378,896 – $420,996/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

Hughie's is a mixed-beverage licensed establishment at 1802 W 18TH ST, Houston, Texas (TABC MB200155714). Over the most recent 12 months it reported $378,896 in gross alcohol sales, averaging $31,575/month with a best month of $34,432. Sales mix: ~13% liquor · 70% beer · 18% wine. The building at this address is owned by LA PETITE ACADEMY INC (5,000 sqft, $79,750 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $147,248 (~39% margin). Acquisition value is estimated at $368k–$379k 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
$378,896
Avg monthly
$31,575
Best month
$34,432
May 2026
Sales mix
13% Liq
70% Beer · 18% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0855810000004
Property owner (landlord)LA PETITE ACADEMY INC
Total building SF5,000
Assessed value$79,750

Hughie's's share

Est. base rent ~$1/sqft/yr · 2,500 sqft · Class C $266/mo
NNN CAM / insurance$40/mo
NNN property tax$80/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $485/mo

Occupancy analysis

All-in occupancy cost is 1.5% 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 $378,896 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~47%
Revenue$378,896
COGS (24%)−$90,935
Labor (14%)−$53,045
Occupancy−$5,243
TX MB gross tax (6.7%)−$25,386
Utilities / ins / mktg (8%)−$30,312
Card surcharge net+$4,168
Net profit $178,143
Most Likely
Typical bar, light food program, full two-shift staffing
~39%
Revenue$378,896
COGS (27%)−$102,302
Labor (17%)−$64,412
Occupancy−$5,826
TX MB gross tax (6.7%)−$25,386
Utilities / ins / mktg (10%)−$37,890
Card surcharge net+$4,168
Net profit $147,248
Stressed
Heavy food, larger crew, higher rent
~29%
Revenue$378,896
COGS (30%)−$113,669
Labor (22%)−$83,357
Occupancy−$6,408
TX MB gross tax (6.7%)−$25,386
Utilities / ins / mktg (12%)−$45,468
Card surcharge net+$4,168
Net profit $108,776
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 Bmco INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $147,248/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 (~$147,248 net) estimated

Revenue multiple
$189k–$303k
0.5–0.8× gross
SDE multiple
$368k–$515k
2.5–3.5× earnings
Cap rate
$446k–$589k
25–33%
Suggested range
$368k–$379k
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 2026-07-29

No federal lawsuits — past or pending