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Financials

MB875383
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North

1700 POST OAK BLVD STE 190, Houston, TX 77056 · TABC MB875383

Mixed Beverage Houston Market Enriched 2026-05-24
$2,083,814 Annual gross (L12M) ▲ 21.8% latest MoM Click for monthly detail
$173,651 Avg monthly ▲ 11.6% latest vs avg Click for monthly detail
~26% Est. net margin (likely) $540,587/yr est. net Click for cost model
$1,351k–$1,892k Est. acquisition range 0.78× 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): $2,083,814 – $2,315,349/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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North is a mixed-beverage licensed establishment at 1700 POST OAK BLVD STE 190, Houston, Texas (TABC MB875383). Over the most recent 12 months it reported $2,083,814 in gross alcohol sales, averaging $173,651/month with a best month of $209,682. Sales mix: ~51% liquor · 7% beer · 42% wine. The building at this address is owned by WHITESTONE HOUSTON BLVD PLACE LLC (536,974 sqft, $130,938,720 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $540,587 (~26% margin). Acquisition value is estimated at $1,351k–$1,892k 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
$2,083,814
Avg monthly
$173,651
Best month
$209,682
Oct 2025
Sales mix
51% Liq
7% Beer · 42% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1327440010001
Property owner (landlord)WHITESTONE HOUSTON BLVD PLACE LLC
Total building SF whole parcel — North is in STE 190536,974
North's footprint estimated — suite-level not on file 7,500 sf
Assessed value$130,938,720

North's share

Est. base rent ~$29/sqft/yr · 7,500 sqft · Class A $18,288/mo
NNN CAM / insurance$2,743/mo
NNN property tax$3,658/mo
Personal property tax est — no BPP record $417/mo
Total occupancy $25,106/mo

Occupancy analysis

All-in occupancy cost is 14.5% 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 $2,083,814 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$2,083,814
COGS (24%)−$500,115
Labor (14%)−$291,734
Occupancy−$271,146
TX MB gross tax (6.7%)−$139,616
Utilities / ins / mktg (8%)−$166,705
Card surcharge net+$22,922
Net profit $737,420
Most Likely
Typical bar, light food program, full two-shift staffing
~26%
Revenue$2,083,814
COGS (27%)−$562,630
Labor (17%)−$354,248
Occupancy−$301,273
TX MB gross tax (6.7%)−$139,616
Utilities / ins / mktg (10%)−$208,381
Card surcharge net+$22,922
Net profit $540,587
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$2,083,814
COGS (30%)−$625,144
Labor (22%)−$458,439
Occupancy−$331,401
TX MB gross tax (6.7%)−$139,616
Utilities / ins / mktg (12%)−$250,058
Card surcharge net+$22,922
Net profit $302,079
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 Frc Domain Beverages LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $540,587/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 (~$540,587 net) estimated

Revenue multiple
$1.04M–$1.67M
0.5–0.8× gross
SDE multiple
$1.35M–$1.89M
2.5–3.5× earnings
Cap rate
$1.64M–$2.16M
25–33%
Suggested range
$1,351k–$1,892k
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 2026-05-22

Lookup pending — check back tomorrow

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