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Financials

MB105572330
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Raider

2421 BROADWAY, Lubbock, TX 79401 · TABC MB105572330

Mixed Beverage Lubbock Market Enriched 2026-07-09
$378,684 Annual gross (L12M) ▼ 46.0% latest MoM Click for monthly detail
$31,557 Avg monthly ▼ 26.8% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $106,112/yr est. net Click for cost model
$265k–$371k 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 Private Club, liquor is typically only 40–65% of total business revenue. Mixed — depends on dining vs bar focus. Estimated total revenue (rough): $582,591 – $946,710/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

Raider is a mixed-beverage licensed establishment at 2421 BROADWAY, Lubbock, Texas (TABC MB105572330). Over the most recent 12 months it reported $378,684 in gross alcohol sales, averaging $31,557/month with a best month of $96,309. Sales mix: ~76% liquor · 24% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $106,112 (~28% margin). Acquisition value is estimated at $265k–$371k 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
$378,684
Avg monthly
$31,557
Best month
$96,309
Oct 2025
Sales mix
76% Liq
24% Beer · 0% 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)$3,313/mo
NNN CAM / insurance$497/mo
Total occupancy$3,906/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 $378,684 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$378,684
COGS (24%)−$90,884
Labor (14%)−$53,016
Occupancy−$42,188
TX MB gross tax (6.7%)−$25,372
Utilities / ins / mktg (8%)−$30,295
Card surcharge net+$4,166
Net profit $141,095
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$378,684
COGS (27%)−$102,245
Labor (17%)−$64,376
Occupancy−$46,876
TX MB gross tax (6.7%)−$25,372
Utilities / ins / mktg (10%)−$37,868
Card surcharge net+$4,166
Net profit $106,112
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$378,684
COGS (30%)−$113,605
Labor (22%)−$83,310
Occupancy−$51,564
TX MB gross tax (6.7%)−$25,372
Utilities / ins / mktg (12%)−$45,442
Card surcharge net+$4,166
Net profit $63,556
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 101 Club INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $106,112/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 (~$106,112 net) estimated

Revenue multiple
$189k–$303k
0.5–0.8× gross
SDE multiple
$265k–$371k
2.5–3.5× earnings
Cap rate
$322k–$424k
25–33%
Suggested range
$265k–$371k
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 2026-07-08

No federal lawsuits — past or pending