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Financials

MB200134916
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Koe Wetzels Riot Room

2416 BRAZOS ST STE A, Houston, TX 77006 · TABC MB200134916

Mixed Beverage Houston Market Enriched 2026-06-15
$1,034,529 Annual gross (L12M) ▼ 64.7% latest MoM Click for monthly detail
$94,048 Avg monthly ▼ 68.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $231,734/yr est. net Click for cost model
$579k–$811k 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): $1,034,529 – $1,149,477/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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Koe Wetzels Riot Room is a mixed-beverage licensed establishment at 2416 BRAZOS ST STE A, Houston, Texas (TABC MB200134916). Over the most recent 12 months it reported $1,034,529 in gross alcohol sales, averaging $94,048/month with a best month of $225,585. Sales mix: ~74% liquor · 23% beer · 3% wine. The building at this address is owned by CAROLYN F JACKSON FAMILY PARTNERS LTD (18,768 sqft, $15,722,455 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $231,734 (~22% margin). Acquisition value is estimated at $579k–$811k 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
$1,034,529
Avg monthly
$94,048
Best month
$225,585
Jun 2025
Sales mix
74% Liq
23% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1223020010001
Property owner (landlord)CAROLYN F JACKSON FAMILY PARTNERS LTD
Total building SF whole parcel — Koe Wetzels Riot Room is in STE A18,768
Koe Wetzels Riot Room's footprint estimated — suite-level not on file 5,000 sf
Assessed value$15,722,455

Koe Wetzels Riot Room's share

Est. base rent ~$14/sqft/yr · 5,000 sqft · Class A $6,029/mo
NNN CAM / insurance$904/mo
NNN property tax$8,377/mo
Personal property tax est — no BPP record $207/mo
Total occupancy $15,518/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 $1,034,529 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$1,034,529
COGS (24%)−$248,287
Labor (14%)−$144,834
Occupancy−$167,594
TX MB gross tax (6.7%)−$69,313
Utilities / ins / mktg (8%)−$82,762
Card surcharge net+$11,380
Net profit $333,118
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,034,529
COGS (27%)−$279,323
Labor (17%)−$175,870
Occupancy−$186,215
TX MB gross tax (6.7%)−$69,313
Utilities / ins / mktg (10%)−$103,453
Card surcharge net+$11,380
Net profit $231,734
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,034,529
COGS (30%)−$310,359
Labor (22%)−$227,596
Occupancy−$204,837
TX MB gross tax (6.7%)−$69,313
Utilities / ins / mktg (12%)−$124,143
Card surcharge net+$11,380
Net profit $109,660
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 Rgh Operating LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $231,734/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 (~$231,734 net) estimated

Revenue multiple
$517k–$828k
0.5–0.8× gross
SDE multiple
$579k–$811k
2.5–3.5× earnings
Cap rate
$702k–$927k
25–33%
Suggested range
$579k–$811k
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 2026-06-17

Lookup pending — check back tomorrow

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