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MB535563
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Saltgrass Steakhouse

520 MEYERLAND PLAZA MALL, Houston, TX 77096 · TABC MB535563

Mixed Beverage Houston Market Enriched 2026-07-11
$647,651 Annual gross (L12M) ▲ 5.8% latest MoM Click for monthly detail
$53,971 Avg monthly ▲ 3.8% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $181,893/yr est. net Click for cost model
$455k–$637k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $1,619,128 – $2,590,604/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

Saltgrass Steakhouse is a mixed-beverage licensed establishment at 520 MEYERLAND PLAZA MALL, Houston, Texas (TABC MB535563). Over the most recent 12 months it reported $647,651 in gross alcohol sales, averaging $53,971/month with a best month of $69,571. Sales mix: ~69% liquor · 14% beer · 17% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $181,893 (~28% margin). Acquisition value is estimated at $455k–$637k 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
$647,651
Avg monthly
$53,971
Best month
$69,571
Mar 2026
Sales mix
69% Liq
14% Beer · 17% 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)$5,667/mo
NNN CAM / insurance$850/mo
Total occupancy$6,647/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 $647,651 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$647,651
COGS (24%)−$155,436
Labor (14%)−$90,671
Occupancy−$71,782
TX MB gross tax (6.7%)−$43,393
Utilities / ins / mktg (8%)−$51,812
Card surcharge net+$7,124
Net profit $241,681
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$647,651
COGS (27%)−$174,866
Labor (17%)−$110,101
Occupancy−$79,758
TX MB gross tax (6.7%)−$43,393
Utilities / ins / mktg (10%)−$64,765
Card surcharge net+$7,124
Net profit $181,893
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$647,651
COGS (30%)−$194,295
Labor (22%)−$142,483
Occupancy−$87,734
TX MB gross tax (6.7%)−$43,393
Utilities / ins / mktg (12%)−$77,718
Card surcharge net+$7,124
Net profit $109,152
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 Saltgrass INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $181,893/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 (~$181,893 net) estimated

Revenue multiple
$324k–$518k
0.5–0.8× gross
SDE multiple
$455k–$637k
2.5–3.5× earnings
Cap rate
$551k–$728k
25–33%
Suggested range
$455k–$637k
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.
Full-business estimate · Steakhouse

If you're buying the whole restaurant, not just the bar program

We estimate this steakhouse pulls $1,619,128–$2,590,604/yr in total revenue (your liquor portion of $647,651 is roughly 25–40% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$1,619k–$2,591k
food + liquor + service
Estimated net (10–15%)
$162k–$389k
restaurant margin
Full-business value
$445k–$1,425k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-05-22

Lookup pending — check back tomorrow

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