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MB200189407
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Midland Out West

1805 DAYTON RD UNIT H, Midland, TX 79706 · TABC MB200189407

Mixed Beverage Midland Market Enriched 2026-08-26
$689,449 Annual gross (L12M) ▼ 51.6% latest MoM Click for monthly detail
$137,890 Avg monthly ▼ 2.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $193,701/yr est. net Click for cost model
$484k–$678k 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 Event Venue, liquor is typically only 15–30% of total business revenue. Wedding/banquet/corporate-event hall. Liquor is a small slice of total revenue (rentals + catering + service fees dominate). Total revenue is typically 3–7× this number. Estimated total revenue (rough): $2,298,163 – $4,596,327/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

Midland Out West is a mixed-beverage licensed establishment at 1805 DAYTON RD UNIT H, Midland, Texas (TABC MB200189407). Over the most recent 12 months it reported $689,449 in gross alcohol sales, averaging $137,890/month with a best month of $278,211. Sales mix: ~57% liquor · 43% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $193,701 (~28% margin). Acquisition value is estimated at $484k–$678k 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
$689,449
Avg monthly
$137,890
Best month
$278,211
Jun 2026
Sales mix
57% Liq
43% 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)$6,033/mo
NNN CAM / insurance$905/mo
Total occupancy$7,070/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 $689,449 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$689,449
COGS (24%)−$165,468
Labor (14%)−$96,523
Occupancy−$76,353
TX MB gross tax (6.7%)−$46,193
Utilities / ins / mktg (8%)−$55,156
Card surcharge net+$7,584
Net profit $257,340
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$689,449
COGS (27%)−$186,151
Labor (17%)−$117,206
Occupancy−$84,837
TX MB gross tax (6.7%)−$46,193
Utilities / ins / mktg (10%)−$68,945
Card surcharge net+$7,584
Net profit $193,701
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$689,449
COGS (30%)−$206,835
Labor (22%)−$151,679
Occupancy−$93,320
TX MB gross tax (6.7%)−$46,193
Utilities / ins / mktg (12%)−$82,734
Card surcharge net+$7,584
Net profit $116,272
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 Out West Live LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $193,701/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 (~$193,701 net) estimated

Revenue multiple
$345k–$552k
0.5–0.8× gross
SDE multiple
$484k–$678k
2.5–3.5× earnings
Cap rate
$587k–$775k
25–33%
Suggested range
$484k–$678k
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 · Event Venue

If you're buying the whole restaurant, not just the bar program

We estimate this event venue pulls $2,298,163–$4,596,327/yr in total revenue (your liquor portion of $689,449 is roughly 15–30% 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
$2,298k–$4,596k
food + liquor + service
Estimated net (10–15%)
$230k–$689k
restaurant margin
Full-business value
$632k–$2,528k
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 2026-07-09

Lookup pending — check back tomorrow

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