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RM939692
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Saltgrass Steakhouse

411 E LOOP 281 STE B, Longview, TX 75605 · TABC RM939692

Mixed Beverage Longview Market Enriched 2026-07-10
$425,491 Annual gross (L12M) ▲ 7.9% latest MoM Click for monthly detail
$35,458 Avg monthly ▲ 3.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $119,370/yr est. net Click for cost model
$298k–$418k 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): $1,063,728 – $1,701,964/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 411 E LOOP 281 STE B, Longview, Texas (TABC RM939692). Over the most recent 12 months it reported $425,491 in gross alcohol sales, averaging $35,458/month with a best month of $45,059. Sales mix: ~68% liquor · 20% beer · 12% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $119,370 (~28% margin). Acquisition value is estimated at $298k–$418k 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
$425,491
Avg monthly
$35,458
Best month
$45,059
Dec 2025
Sales mix
68% Liq
20% Beer · 12% 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)$3,723/mo
NNN CAM / insurance$558/mo
Total occupancy$4,377/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 $425,491 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$425,491
COGS (24%)−$102,118
Labor (14%)−$59,569
Occupancy−$47,275
TX MB gross tax (6.7%)−$28,508
Utilities / ins / mktg (8%)−$34,039
Card surcharge net+$4,680
Net profit $158,662
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$425,491
COGS (27%)−$114,883
Labor (17%)−$72,333
Occupancy−$52,528
TX MB gross tax (6.7%)−$28,508
Utilities / ins / mktg (10%)−$42,549
Card surcharge net+$4,680
Net profit $119,370
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$425,491
COGS (30%)−$127,647
Labor (22%)−$93,608
Occupancy−$57,781
TX MB gross tax (6.7%)−$28,508
Utilities / ins / mktg (12%)−$51,059
Card surcharge net+$4,680
Net profit $71,568
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 $119,370/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 (~$119,370 net) estimated

Revenue multiple
$213k–$340k
0.5–0.8× gross
SDE multiple
$298k–$418k
2.5–3.5× earnings
Cap rate
$362k–$477k
25–33%
Suggested range
$298k–$418k
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 $1,063,728–$1,701,964/yr in total revenue (your liquor portion of $425,491 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
$1,064k–$1,702k
food + liquor + service
Estimated net (10–15%)
$106k–$255k
restaurant margin
Full-business value
$293k–$936k
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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