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Financials

MB672033
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Sam's Boat

5720 RICHMOND AVE, Houston, TX 77057 · TABC MB672033

Mixed Beverage Houston Market Enriched 2026-05-14
$2,061,343 Annual gross (L12M) — 0.0% latest MoM Click for monthly detail
$171,779 Avg monthly ▲ 38.3% latest vs avg Click for monthly detail
~29% Est. net margin (likely) $607,384/yr est. net Click for cost model
$1,518k–$2,061k Est. acquisition range 0.87× 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 Saloon, liquor is typically only 85–95% of total business revenue. Liquor-led. Estimated total revenue (rough): $2,169,835 – $2,425,109/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 is a mixed-beverage licensed establishment at 5720 RICHMOND AVE, Houston, Texas (TABC MB672033). Over the most recent 12 months it reported $2,061,343 in gross alcohol sales, averaging $171,779/month with a best month of $237,647. Sales mix: ~68% liquor · 29% beer · 3% 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 $607,384 (~29% margin). Acquisition value is estimated at $1,518k–$2,061k 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
$2,061,343
Avg monthly
$171,779
Best month
$237,647
Nov 2025
Sales mix
68% Liq
29% Beer · 3% 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's share

Est. base rent ~$45/sqft/yr · 4,000 sqft · Class A $15,151/mo
NNN CAM / insurance$2,273/mo
NNN property tax$947/mo
Personal property tax est — no BPP record $412/mo
Total occupancy $18,783/mo

Occupancy analysis

All-in occupancy cost is 10.9% 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 $2,061,343 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$2,061,343
COGS (24%)−$494,722
Labor (14%)−$288,588
Occupancy−$202,859
TX MB gross tax (6.7%)−$138,110
Utilities / ins / mktg (8%)−$164,907
Card surcharge net+$22,675
Net profit $794,831
Most Likely
Typical bar, light food program, full two-shift staffing
~29%
Revenue$2,061,343
COGS (27%)−$556,563
Labor (17%)−$350,428
Occupancy−$225,398
TX MB gross tax (6.7%)−$138,110
Utilities / ins / mktg (10%)−$206,134
Card surcharge net+$22,675
Net profit $607,384
Stressed
Heavy food, larger crew, higher rent
~18%
Revenue$2,061,343
COGS (30%)−$618,403
Labor (22%)−$453,495
Occupancy−$247,938
TX MB gross tax (6.7%)−$138,110
Utilities / ins / mktg (12%)−$247,361
Card surcharge net+$22,675
Net profit $378,710
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 Aloha Richmond L.L.C looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $607,384/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 (~$607,384 net) estimated

Revenue multiple
$1.03M–$1.65M
0.5–0.8× gross
SDE multiple
$1.52M–$2.13M
2.5–3.5× earnings
Cap rate
$1.84M–$2.43M
25–33%
Suggested range
$1,518k–$2,061k
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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