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Financials

MB1064552
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Putters And Gutters Fun Center

2341 US HIGHWAY 281 S, Lampasas, TX 76550 · TABC MB1064552

Mixed Beverage Lampasas Market Enriched 2026-07-11
$241,012 Annual gross (L12M) ▲ 33.7% latest MoM Click for monthly detail
$20,084 Avg monthly ▲ 76.9% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $67,117/yr est. net Click for cost model
$168k–$235k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $241,012 – $267,791/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

Putters And Gutters Fun Center is a mixed-beverage licensed establishment at 2341 US HIGHWAY 281 S, Lampasas, Texas (TABC MB1064552). Over the most recent 12 months it reported $241,012 in gross alcohol sales, averaging $20,084/month with a best month of $35,523. Sales mix: ~50% liquor · 47% beer · 3% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $67,117 (~28% margin). Acquisition value is estimated at $168k–$235k 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
$241,012
Avg monthly
$20,084
Best month
$35,523
May 2026
Sales mix
50% Liq
47% Beer · 3% 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)$2,109/mo
NNN CAM / insurance$316/mo
Total occupancy$2,521/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 $241,012 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$241,012
COGS (24%)−$57,843
Labor (14%)−$33,742
Occupancy−$27,227
TX MB gross tax (6.7%)−$16,148
Utilities / ins / mktg (8%)−$19,281
Card surcharge net+$2,651
Net profit $89,423
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$241,012
COGS (27%)−$65,073
Labor (17%)−$40,972
Occupancy−$30,252
TX MB gross tax (6.7%)−$16,148
Utilities / ins / mktg (10%)−$24,101
Card surcharge net+$2,651
Net profit $67,117
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$241,012
COGS (30%)−$72,304
Labor (22%)−$53,023
Occupancy−$33,277
TX MB gross tax (6.7%)−$16,148
Utilities / ins / mktg (12%)−$28,921
Card surcharge net+$2,651
Net profit $39,990
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 R Cockrell Enterprises LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $67,117/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 (~$67,117 net) estimated

Revenue multiple
$121k–$193k
0.5–0.8× gross
SDE multiple
$168k–$235k
2.5–3.5× earnings
Cap rate
$203k–$268k
25–33%
Suggested range
$168k–$235k
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 2026-06-03

No federal lawsuits — past or pending