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Financials

MB200056817
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La Cheve-Ceria

1004 S MIDKIFF RD, Midland, TX 79701 · TABC MB200056817

Mixed Beverage Midland Market Enriched 2026-05-24
$1,917,160 Annual gross (L12M) ▼ 10.3% latest MoM Click for monthly detail
$159,763 Avg monthly ▲ 11.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $538,626/yr est. net Click for cost model
$1,347k–$1,885k Est. acquisition range 0.84× 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 Wine Bar, liquor is typically only 80–95% of total business revenue. Wine + spirits dominant. Estimated total revenue (rough): $2,018,063 – $2,396,450/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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La Cheve-Ceria is a mixed-beverage licensed establishment at 1004 S MIDKIFF RD, Midland, Texas (TABC MB200056817). Over the most recent 12 months it reported $1,917,160 in gross alcohol sales, averaging $159,763/month with a best month of $198,441. Sales mix: ~59% liquor · 41% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $538,626 (~28% margin). Acquisition value is estimated at $1,347k–$1,885k 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
$1,917,160
Avg monthly
$159,763
Best month
$198,441
Mar 2026
Sales mix
59% Liq
41% 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)$16,775/mo
NNN CAM / insurance$2,516/mo
Total occupancy$19,659/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 $1,917,160 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,917,160
COGS (24%)−$460,118
Labor (14%)−$268,402
Occupancy−$212,316
TX MB gross tax (6.7%)−$128,450
Utilities / ins / mktg (8%)−$153,373
Card surcharge net+$21,089
Net profit $715,590
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,917,160
COGS (27%)−$517,633
Labor (17%)−$325,917
Occupancy−$235,907
TX MB gross tax (6.7%)−$128,450
Utilities / ins / mktg (10%)−$191,716
Card surcharge net+$21,089
Net profit $538,626
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,917,160
COGS (30%)−$575,148
Labor (22%)−$421,775
Occupancy−$259,497
TX MB gross tax (6.7%)−$128,450
Utilities / ins / mktg (12%)−$230,059
Card surcharge net+$21,089
Net profit $323,319
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 Tlob LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $538,626/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 (~$538,626 net) estimated

Revenue multiple
$959k–$1.53M
0.5–0.8× gross
SDE multiple
$1.35M–$1.89M
2.5–3.5× earnings
Cap rate
$1.63M–$2.15M
25–33%
Suggested range
$1,347k–$1,885k
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 2026-06-02

No federal lawsuits — past or pending