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Financials

MB200157811
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Palm Room Bar & Grill

200 S FULTON BEACH RD, Rockport, TX 78382 · TABC MB200157811

Mixed Beverage Rockport Market Enriched 2026-07-11
$108,837 Annual gross (L12M) ▲ 47.7% latest MoM Click for monthly detail
$9,070 Avg monthly ▲ 3.0% latest vs avg Click for monthly detail
~27% Est. net margin (likely) $29,678/yr est. net Click for cost model
$74k–$104k Est. acquisition range 0.82× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $241,860 – $435,348/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

Palm Room Bar & Grill is a mixed-beverage licensed establishment at 200 S FULTON BEACH RD, Rockport, Texas (TABC MB200157811). Over the most recent 12 months it reported $108,837 in gross alcohol sales, averaging $9,070/month with a best month of $13,027. Sales mix: ~57% liquor · 19% beer · 24% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $29,678 (~27% margin). Acquisition value is estimated at $74k–$104k 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
$108,837
Avg monthly
$9,070
Best month
$13,027
Jul 2025
Sales mix
57% Liq
19% Beer · 24% 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)$952/mo
NNN CAM / insurance$143/mo
Total occupancy$1,191/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 $108,837 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$108,837
COGS (24%)−$26,121
Labor (14%)−$15,237
Occupancy−$12,863
TX MB gross tax (6.7%)−$7,292
Utilities / ins / mktg (8%)−$8,707
Card surcharge net+$1,197
Net profit $39,814
Most Likely
Typical bar, light food program, full two-shift staffing
~27%
Revenue$108,837
COGS (27%)−$29,386
Labor (17%)−$18,502
Occupancy−$14,292
TX MB gross tax (6.7%)−$7,292
Utilities / ins / mktg (10%)−$10,884
Card surcharge net+$1,197
Net profit $29,678
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$108,837
COGS (30%)−$32,651
Labor (22%)−$23,944
Occupancy−$15,721
TX MB gross tax (6.7%)−$7,292
Utilities / ins / mktg (12%)−$13,060
Card surcharge net+$1,197
Net profit $17,365
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 Palm Room Bar & Grill LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $29,678/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 (~$29,678 net) estimated

Revenue multiple
$54k–$87k
0.5–0.8× gross
SDE multiple
$74k–$104k
2.5–3.5× earnings
Cap rate
$90k–$119k
25–33%
Suggested range
$74k–$104k
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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $241,860–$435,348/yr in total revenue (your liquor portion of $108,837 is roughly 25–45% 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
$242k–$435k
food + liquor + service
Estimated net (10–15%)
$24k–$65k
restaurant margin
Full-business value
$67k–$239k
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 2026-08-02

Lookup pending — check back tomorrow

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