← Joey Uptown /

Financials

MB1117471
Dashboard › Joey Uptown › Financial Intelligence

Joey Uptown

5045 WESTHEIMER RD STE X01, Houston, TX 77056 · TABC MB1117471

Mixed Beverage Houston Market Enriched 2026-05-24
$4,776,515 Annual gross (L12M) ▲ 17.4% latest MoM Click for monthly detail
$398,043 Avg monthly ▲ 4.8% latest vs avg Click for monthly detail
~36% Est. net margin (likely) $1,736,060/yr est. net Click for cost model
$4,340k–$4,777k Est. acquisition range 0.95× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $10,614,478 – $19,106,060/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Joey Uptown My bars

Executive Summary

Click to expand full narrative

Joey Uptown is a mixed-beverage licensed establishment at 5045 WESTHEIMER RD STE X01, Houston, Texas (TABC MB1117471). Over the most recent 12 months it reported $4,776,515 in gross alcohol sales, averaging $398,043/month with a best month of $477,145. Sales mix: ~82% liquor · 3% beer · 15% wine. The building at this address is owned by HG GALLERIA I II III LP (26,400 sqft, $4,752,042 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,736,060 (~36% margin). Acquisition value is estimated at $4,340k–$4,777k 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
$4,776,515
Avg monthly
$398,043
Best month
$477,145
May 2025
Sales mix
82% Liq
3% Beer · 15% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1205380000016
Property owner (landlord)HG GALLERIA I II III LP
Total building SF whole parcel — Joey Uptown is in STE X0126,400
Joey Uptown's footprint estimated — suite-level not on file 7,500 sf
Assessed value$4,752,042

Joey Uptown's share

Est. base rent ~$18/sqft/yr · 7,500 sqft · Class B $11,250/mo
NNN CAM / insurance$1,688/mo
NNN property tax$2,700/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $16,138/mo

Occupancy analysis

All-in occupancy cost is 4.1% 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 $4,776,515 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~45%
Revenue$4,776,515
COGS (24%)−$1,146,364
Labor (14%)−$668,712
Occupancy−$174,286
TX MB gross tax (6.7%)−$320,027
Utilities / ins / mktg (8%)−$382,121
Card surcharge net+$52,542
Net profit $2,137,547
Most Likely
Typical bar, light food program, full two-shift staffing
~36%
Revenue$4,776,515
COGS (27%)−$1,289,659
Labor (17%)−$812,008
Occupancy−$193,652
TX MB gross tax (6.7%)−$320,027
Utilities / ins / mktg (10%)−$477,652
Card surcharge net+$52,542
Net profit $1,736,060
Stressed
Heavy food, larger crew, higher rent
~26%
Revenue$4,776,515
COGS (30%)−$1,432,954
Labor (22%)−$1,050,833
Occupancy−$213,017
TX MB gross tax (6.7%)−$320,027
Utilities / ins / mktg (12%)−$573,182
Card surcharge net+$52,542
Net profit $1,239,044
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 Joey Restaurant Uptown INC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,736,060/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 (~$1,736,060 net) estimated

Revenue multiple
$2.39M–$3.82M
0.5–0.8× gross
SDE multiple
$4.34M–$6.08M
2.5–3.5× earnings
Cap rate
$5.26M–$6.94M
25–33%
Suggested range
$4,340k–$4,777k
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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $10,614,478–$19,106,060/yr in total revenue (your liquor portion of $4,776,515 is roughly 25–45% 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
$10,614k–$19,106k
food + liquor + service
Estimated net (10–15%)
$1,061k–$2,866k
restaurant margin
Full-business value
$2,919k–$10,508k
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

Public records · last checked 2026-05-25

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.