← Medellin /

Financials

MB200149128
Dashboard › Medellin › Financial Intelligence

Medellin

2303 SMITH ST STE 100, Houston, TX 77006 · TABC MB200149128

Mixed Beverage Houston Market Enriched 2026-05-24
$4,704,062 Annual gross (L12M) ▼ 24.9% latest MoM Click for monthly detail
$392,005 Avg monthly ▼ 11.7% latest vs avg Click for monthly detail
~31% Est. net margin (likely) $1,462,428/yr est. net Click for cost model
$3,656k–$4,704k Est. acquisition range 0.89× 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): $4,704,062 – $5,226,736/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Medellin My bars

Executive Summary

Click to expand full narrative

Medellin is a mixed-beverage licensed establishment at 2303 SMITH ST STE 100, Houston, Texas (TABC MB200149128). Over the most recent 12 months it reported $4,704,062 in gross alcohol sales, averaging $392,005/month with a best month of $537,831. Sales mix: ~90% liquor · 10% beer · 0% wine. The building at this address is owned by 2303 MT LLC (9,583 sqft, $3,600,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,462,428 (~31% margin). Acquisition value is estimated at $3,656k–$4,704k 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
$4,704,062
Avg monthly
$392,005
Best month
$537,831
Nov 2025
Sales mix
90% Liq
10% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0081910000001
Property owner (landlord)2303 MT LLC
Total building SF whole parcel — Medellin is in STE 1009,583
Medellin's footprint estimated — suite-level not on file 7,500 sf
Assessed value$3,600,000

Medellin's share

Est. base rent ~$45/sqft/yr · 7,500 sqft · Class A $28,175/mo
NNN CAM / insurance$4,226/mo
NNN property tax$3,600/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $36,501/mo

Occupancy analysis

All-in occupancy cost is 9.3% 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 $4,704,062 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~40%
Revenue$4,704,062
COGS (24%)−$1,128,975
Labor (14%)−$658,569
Occupancy−$394,212
TX MB gross tax (6.7%)−$315,172
Utilities / ins / mktg (8%)−$376,325
Card surcharge net+$51,745
Net profit $1,882,554
Most Likely
Typical bar, light food program, full two-shift staffing
~31%
Revenue$4,704,062
COGS (27%)−$1,270,097
Labor (17%)−$799,691
Occupancy−$438,014
TX MB gross tax (6.7%)−$315,172
Utilities / ins / mktg (10%)−$470,406
Card surcharge net+$51,745
Net profit $1,462,428
Stressed
Heavy food, larger crew, higher rent
~20%
Revenue$4,704,062
COGS (30%)−$1,411,219
Labor (22%)−$1,034,894
Occupancy−$481,815
TX MB gross tax (6.7%)−$315,172
Utilities / ins / mktg (12%)−$564,487
Card surcharge net+$51,745
Net profit $948,220
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 2303 Smith Entertainment LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,462,428/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 (~$1,462,428 net) estimated

Revenue multiple
$2.35M–$3.76M
0.5–0.8× gross
SDE multiple
$3.66M–$5.12M
2.5–3.5× earnings
Cap rate
$4.43M–$5.85M
25–33%
Suggested range
$3,656k–$4,704k
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 2026-06-16

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.