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RM862269
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Jalapeno Tree Mexican Restaurant

510 W PANOLA ST, Carthage, TX 75633 · TABC RM862269

Mixed Beverage Carthage Market Enriched 2026-08-17
$181,101 Annual gross (L12M) ▼ 26.5% latest MoM Click for monthly detail
$15,092 Avg monthly ▼ 9.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $50,147/yr est. net Click for cost model
$125k–$176k 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 Mexican Restaurant, liquor is typically only 20–35% of total business revenue. Mexican restaurant. Margaritas + tequila lift the liquor share but food still dominates. Estimated total revenue (rough): $517,431 – $905,505/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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Jalapeno Tree Mexican Restaurant is a mixed-beverage licensed establishment at 510 W PANOLA ST, Carthage, Texas (TABC RM862269). Over the most recent 12 months it reported $181,101 in gross alcohol sales, averaging $15,092/month with a best month of $18,563. Sales mix: ~60% liquor · 39% beer · 1% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $50,147 (~28% margin). Acquisition value is estimated at $125k–$176k 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
$181,101
Avg monthly
$15,092
Best month
$18,563
May 2026
Sales mix
60% Liq
39% 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)$1,585/mo
NNN CAM / insurance$238/mo
Total occupancy$1,918/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 $181,101 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$181,101
COGS (24%)−$43,464
Labor (14%)−$25,354
Occupancy−$20,716
TX MB gross tax (6.7%)−$12,134
Utilities / ins / mktg (8%)−$14,488
Card surcharge net+$1,992
Net profit $66,937
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$181,101
COGS (27%)−$48,897
Labor (17%)−$30,787
Occupancy−$23,018
TX MB gross tax (6.7%)−$12,134
Utilities / ins / mktg (10%)−$18,110
Card surcharge net+$1,992
Net profit $50,147
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$181,101
COGS (30%)−$54,330
Labor (22%)−$39,842
Occupancy−$25,320
TX MB gross tax (6.7%)−$12,134
Utilities / ins / mktg (12%)−$21,732
Card surcharge net+$1,992
Net profit $29,735
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 Jalapeno Tree Operating LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $50,147/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 (~$50,147 net) estimated

Revenue multiple
$91k–$145k
0.5–0.8× gross
SDE multiple
$125k–$176k
2.5–3.5× earnings
Cap rate
$152k–$201k
25–33%
Suggested range
$125k–$176k
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.
Full-business estimate · Mexican Restaurant

If you're buying the whole restaurant, not just the bar program

We estimate this mexican restaurant pulls $517,431–$905,505/yr in total revenue (your liquor portion of $181,101 is roughly 20–35% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$517k–$906k
food + liquor + service
Estimated net (10–15%)
$52k–$136k
restaurant margin
Full-business value
$142k–$498k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

1 case on file · 1 currently open · public records

1 federal case
1 currently open
Most recent filing
Patterson TMP Operating, LLC v. Pilgrim's Pride Corporation
ILND · 2021-08-31 · OPEN
Public records, last checked 2026-05-23