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MB105824967
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Jwang Investments INC

5050 FM 1960 RD W STE 121, Houston, TX 77069 · TABC MB105824967

Mixed Beverage Houston Market Enriched 2026-07-09
$113,633 Annual gross (L12M) ▲ 9.7% latest MoM Click for monthly detail
$9,469 Avg monthly ▼ 5.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $25,454/yr est. net Click for cost model
$64k–$89k Est. acquisition range 0.67× 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): $113,633 – $126,259/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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Jwang Investments INC is a mixed-beverage licensed establishment at 5050 FM 1960 RD W STE 121, Houston, Texas (TABC MB105824967). Over the most recent 12 months it reported $113,633 in gross alcohol sales, averaging $9,469/month with a best month of $11,813. Sales mix: ~63% liquor · 20% beer · 17% wine. The building at this address is owned by MMFI GREENWOOD FOREST LLC (173,943 sqft, $34,777,227 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $25,454 (~22% margin). Acquisition value is estimated at $64k–$89k 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
$113,633
Avg monthly
$9,469
Best month
$11,813
Dec 2025
Sales mix
63% Liq
20% Beer · 17% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1180560000001
Property owner (landlord)MMFI GREENWOOD FOREST LLC
Total building SF whole parcel — Jwang Investments INC is in STE 121173,943
Jwang Investments INC's footprint estimated — suite-level not on file 2,500 sf
Assessed value$34,777,227

Jwang Investments INC's share

Est. base rent ~$3/sqft/yr · 2,500 sqft · Class B $526/mo
NNN CAM / insurance$79/mo
NNN property tax$1,000/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $1,704/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $113,633 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$113,633
COGS (24%)−$27,272
Labor (14%)−$15,909
Occupancy−$18,409
TX MB gross tax (6.7%)−$7,613
Utilities / ins / mktg (8%)−$9,091
Card surcharge net+$1,250
Net profit $36,590
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$113,633
COGS (27%)−$30,681
Labor (17%)−$19,318
Occupancy−$20,454
TX MB gross tax (6.7%)−$7,613
Utilities / ins / mktg (10%)−$11,363
Card surcharge net+$1,250
Net profit $25,454
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$113,633
COGS (30%)−$34,090
Labor (22%)−$24,999
Occupancy−$22,499
TX MB gross tax (6.7%)−$7,613
Utilities / ins / mktg (12%)−$13,636
Card surcharge net+$1,250
Net profit $12,045
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 Jwang Investments INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $25,454/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 (~$25,454 net) estimated

Revenue multiple
$57k–$91k
0.5–0.8× gross
SDE multiple
$64k–$89k
2.5–3.5× earnings
Cap rate
$77k–$102k
25–33%
Suggested range
$64k–$89k
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 2026-06-30

Lookup pending — check back tomorrow

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