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Financials

MB200136266
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Margaritaville Beach Resort South Padre Island

310 PADRE BLVD, South Padre Island, TX 78597 · TABC MB200136266

Mixed Beverage South Padre Island Market Enriched 2026-05-24
$2,130,613 Annual gross (L12M) ▼ 9.2% latest MoM Click for monthly detail
$177,551 Avg monthly ▲ 8.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $598,596/yr est. net Click for cost model
$1,496k–$2,095k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $2,242,751 – $2,506,604/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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Margaritaville Beach Resort South Padre Island is a mixed-beverage licensed establishment at 310 PADRE BLVD, South Padre Island, Texas (TABC MB200136266). Over the most recent 12 months it reported $2,130,613 in gross alcohol sales, averaging $177,551/month with a best month of $276,011. Sales mix: ~76% liquor · 22% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $598,596 (~28% margin). Acquisition value is estimated at $1,496k–$2,095k 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
$2,130,613
Avg monthly
$177,551
Best month
$276,011
Jul 2025
Sales mix
76% Liq
22% Beer · 2% 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)$18,643/mo
NNN CAM / insurance$2,796/mo
Total occupancy$21,848/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 $2,130,613 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$2,130,613
COGS (24%)−$511,347
Labor (14%)−$298,286
Occupancy−$235,955
TX MB gross tax (6.7%)−$142,751
Utilities / ins / mktg (8%)−$170,449
Card surcharge net+$23,437
Net profit $795,262
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$2,130,613
COGS (27%)−$575,266
Labor (17%)−$362,204
Occupancy−$262,172
TX MB gross tax (6.7%)−$142,751
Utilities / ins / mktg (10%)−$213,061
Card surcharge net+$23,437
Net profit $598,596
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$2,130,613
COGS (30%)−$639,184
Labor (22%)−$468,735
Occupancy−$288,389
TX MB gross tax (6.7%)−$142,751
Utilities / ins / mktg (12%)−$255,674
Card surcharge net+$23,437
Net profit $359,317
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 Avion Hospitality Concessions LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $598,596/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 (~$598,596 net) estimated

Revenue multiple
$1.07M–$1.70M
0.5–0.8× gross
SDE multiple
$1.50M–$2.10M
2.5–3.5× earnings
Cap rate
$1.81M–$2.39M
25–33%
Suggested range
$1,496k–$2,095k
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 2026-06-06

No federal lawsuits — past or pending