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Financials

MB106242503
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Residence Inn By Marriott

309 S SHORELINE BLVD, Corpus Christi, TX 78401 · TABC MB106242503

Mixed Beverage Corpus Christi Market Enriched 2026-09-04
$143,166 Annual gross (L12M) ▼ 8.3% latest MoM Click for monthly detail
$11,930 Avg monthly ▲ 8.8% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $39,402/yr est. net Click for cost model
$99k–$138k Est. acquisition range 0.83× 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $159,073 – $204,523/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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Residence Inn By Marriott is a mixed-beverage licensed establishment at 309 S SHORELINE BLVD, Corpus Christi, Texas (TABC MB106242503). Over the most recent 12 months it reported $143,166 in gross alcohol sales, averaging $11,930/month with a best month of $14,168. Sales mix: ~60% liquor · 26% beer · 14% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $39,402 (~28% margin). Acquisition value is estimated at $99k–$138k 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
$143,166
Avg monthly
$11,930
Best month
$14,168
Jun 2026
Sales mix
60% Liq
26% Beer · 14% 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)$1,253/mo
NNN CAM / insurance$188/mo
Total occupancy$1,536/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 $143,166 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$143,166
COGS (24%)−$34,360
Labor (14%)−$20,043
Occupancy−$16,594
TX MB gross tax (6.7%)−$9,592
Utilities / ins / mktg (8%)−$11,453
Card surcharge net+$1,575
Net profit $52,699
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$143,166
COGS (27%)−$38,655
Labor (17%)−$24,338
Occupancy−$18,437
TX MB gross tax (6.7%)−$9,592
Utilities / ins / mktg (10%)−$14,317
Card surcharge net+$1,575
Net profit $39,402
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$143,166
COGS (30%)−$42,950
Labor (22%)−$31,497
Occupancy−$20,281
TX MB gross tax (6.7%)−$9,592
Utilities / ins / mktg (12%)−$17,180
Card surcharge net+$1,575
Net profit $23,241
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 Corwell Enterprises INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $39,402/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 (~$39,402 net) estimated

Revenue multiple
$72k–$115k
0.5–0.8× gross
SDE multiple
$99k–$138k
2.5–3.5× earnings
Cap rate
$119k–$158k
25–33%
Suggested range
$99k–$138k
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 2026-06-15

Lookup pending — check back tomorrow

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