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Financials

MB200189844
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Sam's Boat Galleria

5720 RICHMOND AVE, Houston, TX 77057 · TABC MB200189844

Mixed Beverage Houston Market Enriched 2026-09-04
$602,838 Annual gross (L12M) ▼ 8.9% latest MoM Click for monthly detail
$120,568 Avg monthly ▼ 1.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $135,036/yr est. net Click for cost model
$338k–$473k Est. acquisition range 0.67× 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $861,197 – $1,205,676/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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Sam's Boat Galleria is a mixed-beverage licensed establishment at 5720 RICHMOND AVE, Houston, Texas (TABC MB200189844). Over the most recent 12 months it reported $602,838 in gross alcohol sales, averaging $120,568/month with a best month of $186,050. Sales mix: ~60% liquor · 36% beer · 4% wine. The building at this address is owned by KENSINGER PROPERTIES LTD (2,500 sqft, $946,955 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $135,036 (~22% margin). Acquisition value is estimated at $338k–$473k 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
$602,838
Avg monthly
$120,568
Best month
$186,050
May 2026
Sales mix
60% Liq
36% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0731870000049
Property owner (landlord)KENSINGER PROPERTIES LTD
Total building SF2,500
Assessed value$946,955

Sam's Boat Galleria's share

Est. base rent ~$24/sqft/yr · 3,500 sqft · Class A $6,935/mo
NNN CAM / insurance$1,040/mo
NNN property tax$947/mo
Personal property tax est — no BPP record $121/mo
Total occupancy $9,043/mo

Occupancy analysis

All-in occupancy cost is 18.0% of gross revenue. Industry benchmark for healthy bars is 6–10%; 12–15% is typical for premium submarkets; above 18% is unsustainable without very strong margins elsewhere.

Profit scenarios

Texas bar cost model applied to $602,838 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$602,838
COGS (24%)−$144,681
Labor (14%)−$84,397
Occupancy−$97,660
TX MB gross tax (6.7%)−$40,390
Utilities / ins / mktg (8%)−$48,227
Card surcharge net+$6,631
Net profit $194,114
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$602,838
COGS (27%)−$162,766
Labor (17%)−$102,482
Occupancy−$108,511
TX MB gross tax (6.7%)−$40,390
Utilities / ins / mktg (10%)−$60,284
Card surcharge net+$6,631
Net profit $135,036
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$602,838
COGS (30%)−$180,851
Labor (22%)−$132,624
Occupancy−$119,362
TX MB gross tax (6.7%)−$40,390
Utilities / ins / mktg (12%)−$72,341
Card surcharge net+$6,631
Net profit $63,901
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 Envision Entertainment LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $135,036/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 (~$135,036 net) estimated

Revenue multiple
$301k–$482k
0.5–0.8× gross
SDE multiple
$338k–$473k
2.5–3.5× earnings
Cap rate
$409k–$540k
25–33%
Suggested range
$338k–$473k
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 2026-06-18

Lookup pending — check back tomorrow

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