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Financials

MB200131188
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Popstroke

5539 PRESIDIO PKWY, San Antonio, TX 78249 · TABC MB200131188

Mixed Beverage San Antonio Market Enriched 2026-05-24
$2,015,830 Annual gross (L12M) ▼ 31.9% latest MoM Click for monthly detail
$167,986 Avg monthly ▼ 31.5% latest vs avg Click for monthly detail
~29% Est. net margin (likely) $583,685/yr est. net Click for cost model
$1,459k–$2,016k Est. acquisition range 0.86× 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 Wine Bar, liquor is typically only 80–95% of total business revenue. Wine + spirits dominant. Estimated total revenue (rough): $2,121,926 – $2,519,788/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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Popstroke is a mixed-beverage licensed establishment at 5539 PRESIDIO PKWY, San Antonio, Texas (TABC MB200131188). Over the most recent 12 months it reported $2,015,830 in gross alcohol sales, averaging $167,986/month with a best month of $244,138. Sales mix: ~60% liquor · 37% beer · 2% wine. The building at this address is owned by TESSI PROPERTIES LLC (215,527 sqft, $36,100,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $583,685 (~29% margin). Acquisition value is estimated at $1,459k–$2,016k 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
$2,015,830
Avg monthly
$167,986
Best month
$244,138
May 2025
Sales mix
60% Liq
37% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1209385
Property owner (landlord)TESSI PROPERTIES LLC
Total building SF215,527
Assessed value$36,100,000

Popstroke's share

Est. base rent ~$18/sqft/yr · 7,500 sqft · Class B $11,515/mo
NNN CAM / insurance$1,727/mo
NNN property tax$2,408/mo
Personal property tax own fixtures · Prop 1436269 $3,209/mo
Total occupancy $18,859/mo

Occupancy analysis

All-in occupancy cost is 11.2% 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 $2,015,830 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~38%
Revenue$2,015,830
COGS (24%)−$483,799
Labor (14%)−$282,216
Occupancy−$203,679
TX MB gross tax (6.7%)−$135,061
Utilities / ins / mktg (8%)−$161,266
Music licensingASCAP + BMI + SESAC + GMR combined−$4,400
Card surcharge net+$22,174
Net profit $767,583
Most Likely
Typical bar, light food program, full two-shift staffing
~29%
Revenue$2,015,830
COGS (27%)−$544,274
Labor (17%)−$342,691
Occupancy−$226,310
TX MB gross tax (6.7%)−$135,061
Utilities / ins / mktg (10%)−$201,583
Music licensingASCAP + BMI + SESAC + GMR combined−$4,400
Card surcharge net+$22,174
Net profit $583,685
Stressed
Heavy food, larger crew, higher rent
~18%
Revenue$2,015,830
COGS (30%)−$604,749
Labor (22%)−$443,483
Occupancy−$248,941
TX MB gross tax (6.7%)−$135,061
Utilities / ins / mktg (12%)−$241,900
Music licensingASCAP + BMI + SESAC + GMR combined−$4,400
Card surcharge net+$22,174
Net profit $359,471
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 Popstroke San Antonio LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $583,685/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 (~$583,685 net) estimated

Revenue multiple
$1.01M–$1.61M
0.5–0.8× gross
SDE multiple
$1.46M–$2.04M
2.5–3.5× earnings
Cap rate
$1.77M–$2.33M
25–33%
Suggested range
$1,459k–$2,016k
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 2026-06-02

Lookup pending — check back tomorrow

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