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Financials

MB822757
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Icehouse

2805 N CHADBOURNE ST, San Angelo, TX 76903 · TABC MB822757

Mixed Beverage San Angelo Market Enriched 2026-08-29
$156,183 Annual gross (L12M) ▲ 4.9% latest MoM Click for monthly detail
$13,015 Avg monthly ▼ 7.3% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $43,089/yr est. net Click for cost model
$108k–$151k Est. acquisition range 0.83× 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 Icehouse, liquor is typically only 90–98% of total business revenue. Beer-led, minimal food. Estimated total revenue (rough): $159,370 – $173,537/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

Icehouse is a mixed-beverage licensed establishment at 2805 N CHADBOURNE ST, San Angelo, Texas (TABC MB822757). Over the most recent 12 months it reported $156,183 in gross alcohol sales, averaging $13,015/month with a best month of $15,081. Sales mix: ~28% liquor · 72% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $43,089 (~28% margin). Acquisition value is estimated at $108k–$151k 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
$156,183
Avg monthly
$13,015
Best month
$15,081
Jan 2026
Sales mix
28% Liq
72% Beer · 0% 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)$1,367/mo
NNN CAM / insurance$205/mo
Total occupancy$1,667/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 $156,183 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$156,183
COGS (24%)−$37,484
Labor (14%)−$21,866
Occupancy−$18,008
TX MB gross tax (6.7%)−$10,464
Utilities / ins / mktg (8%)−$12,495
Card surcharge net+$1,718
Net profit $57,584
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$156,183
COGS (27%)−$42,169
Labor (17%)−$26,551
Occupancy−$20,009
TX MB gross tax (6.7%)−$10,464
Utilities / ins / mktg (10%)−$15,618
Card surcharge net+$1,718
Net profit $43,089
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$156,183
COGS (30%)−$46,855
Labor (22%)−$34,360
Occupancy−$22,010
TX MB gross tax (6.7%)−$10,464
Utilities / ins / mktg (12%)−$18,742
Card surcharge net+$1,718
Net profit $25,470
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 Susan Howell looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $43,089/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 (~$43,089 net) estimated

Revenue multiple
$78k–$125k
0.5–0.8× gross
SDE multiple
$108k–$151k
2.5–3.5× earnings
Cap rate
$131k–$172k
25–33%
Suggested range
$108k–$151k
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.