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MB798256
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Leo's Mexican Food

7520 REMCON CIR, El Paso, TX 79912 · TABC MB798256

Mixed Beverage El Paso Market Enriched 2026-07-11
$190,360 Annual gross (L12M) ▲ 23.7% latest MoM Click for monthly detail
$15,863 Avg monthly ▲ 20.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $42,641/yr est. net Click for cost model
$107k–$149k 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 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): $543,886 – $951,800/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Leo's Mexican Food is a mixed-beverage licensed establishment at 7520 REMCON CIR, El Paso, Texas (TABC MB798256). Over the most recent 12 months it reported $190,360 in gross alcohol sales, averaging $15,863/month with a best month of $19,129. Sales mix: ~55% liquor · 40% beer · 6% wine. The building at this address is owned by WFT PROPERTIES LLC (4,815 sqft, $1,377,227 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $42,641 (~22% margin). Acquisition value is estimated at $107k–$149k 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
$190,360
Avg monthly
$15,863
Best month
$19,129
May 2026
Sales mix
55% Liq
40% Beer · 6% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID297807
Property owner (landlord)WFT PROPERTIES LLC
Total building SF4,815
Assessed value$1,377,227

Leo's Mexican Food's share

Est. base rent ~$5/sqft/yr · 2,500 sqft · Class A $1,145/mo
NNN CAM / insurance$172/mo
NNN property tax$1,435/mo
Personal property tax est — no BPP record $104/mo
Total occupancy $2,855/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 $190,360 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$190,360
COGS (24%)−$45,686
Labor (14%)−$26,650
Occupancy−$30,838
TX MB gross tax (6.7%)−$12,754
Utilities / ins / mktg (8%)−$15,229
Card surcharge net+$2,094
Net profit $61,296
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$190,360
COGS (27%)−$51,397
Labor (17%)−$32,361
Occupancy−$34,265
TX MB gross tax (6.7%)−$12,754
Utilities / ins / mktg (10%)−$19,036
Card surcharge net+$2,094
Net profit $42,641
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$190,360
COGS (30%)−$57,108
Labor (22%)−$41,879
Occupancy−$37,691
TX MB gross tax (6.7%)−$12,754
Utilities / ins / mktg (12%)−$22,843
Card surcharge net+$2,094
Net profit $20,178
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 Leos Mexican Food LTD looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $42,641/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 (~$42,641 net) estimated

Revenue multiple
$95k–$152k
0.5–0.8× gross
SDE multiple
$107k–$149k
2.5–3.5× earnings
Cap rate
$129k–$171k
25–33%
Suggested range
$107k–$149k
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 $543,886–$951,800/yr in total revenue (your liquor portion of $190,360 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
$544k–$952k
food + liquor + service
Estimated net (10–15%)
$54k–$143k
restaurant margin
Full-business value
$150k–$523k
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 2026-07-31

No federal lawsuits — past or pending