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Financials

MB106148794
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Pioneer

212 E MAIN ST, Fredericksburg, TX 78624 · TABC MB106148794

Mixed Beverage Fredericksburg Market Enriched 2026-06-17
$959,149 Annual gross (L12M) ▲ 2.0% latest MoM Click for monthly detail
$79,929 Avg monthly ▲ 14.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $269,473/yr est. net Click for cost model
$674k–$943k 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): $1,009,631 – $1,128,411/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

Pioneer is a mixed-beverage licensed establishment at 212 E MAIN ST, Fredericksburg, Texas (TABC MB106148794). Over the most recent 12 months it reported $959,149 in gross alcohol sales, averaging $79,929/month with a best month of $120,425. Sales mix: ~61% liquor · 33% beer · 5% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $269,473 (~28% margin). Acquisition value is estimated at $674k–$943k 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
$959,149
Avg monthly
$79,929
Best month
$120,425
Dec 2025
Sales mix
61% Liq
33% Beer · 5% 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)$8,393/mo
NNN CAM / insurance$1,259/mo
Total occupancy$9,835/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 $959,149 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$959,149
COGS (24%)−$230,196
Labor (14%)−$134,281
Occupancy−$106,221
TX MB gross tax (6.7%)−$64,263
Utilities / ins / mktg (8%)−$76,732
Card surcharge net+$10,551
Net profit $358,007
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$959,149
COGS (27%)−$258,970
Labor (17%)−$163,055
Occupancy−$118,023
TX MB gross tax (6.7%)−$64,263
Utilities / ins / mktg (10%)−$95,915
Card surcharge net+$10,551
Net profit $269,473
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$959,149
COGS (30%)−$287,745
Labor (22%)−$211,013
Occupancy−$129,826
TX MB gross tax (6.7%)−$64,263
Utilities / ins / mktg (12%)−$115,098
Card surcharge net+$10,551
Net profit $161,756
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 Big Time LLC looking up officers…
6
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $269,473/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 (~$269,473 net) estimated

Revenue multiple
$480k–$767k
0.5–0.8× gross
SDE multiple
$674k–$943k
2.5–3.5× earnings
Cap rate
$817k–$1.08M
25–33%
Suggested range
$674k–$943k
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 2026-06-05

No federal lawsuits — past or pending