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MB632689
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Mokara Hotel And Spa

212 W CROCKETT ST, San Antonio, TX 78205 · TABC MB632689

Mixed Beverage San Antonio Market Enriched 2026-06-15
$1,024,088 Annual gross (L12M) ▼ 23.5% latest MoM Click for monthly detail
$85,341 Avg monthly ▲ 6.2% latest vs avg Click for monthly detail
~20% Est. net margin (likely) $209,271/yr est. net Click for cost model
$523k–$732k Est. acquisition range 0.61× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,077,987 – $1,204,809/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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Mokara Hotel And Spa is a mixed-beverage licensed establishment at 212 W CROCKETT ST, San Antonio, Texas (TABC MB632689). Over the most recent 12 months it reported $1,024,088 in gross alcohol sales, averaging $85,341/month with a best month of $118,460. Sales mix: ~55% liquor · 10% beer · 35% wine. The building at this address is owned by RIO PLAZA LP (42,249 sqft, $9,900,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $209,271 (~20% margin). Acquisition value is estimated at $523k–$732k 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
$1,024,088
Avg monthly
$85,341
Best month
$118,460
Mar 2026
Sales mix
55% Liq
10% Beer · 35% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1013634
Property owner (landlord)RIO PLAZA LP
Total building SF42,249
Assessed value$9,900,000

Mokara Hotel And Spa's share

Est. base rent ~$30/sqft/yr · 5,000 sqft · Class A $12,693/mo
NNN CAM / insurance$1,904/mo
NNN property tax$2,246/mo
Personal property tax est — no BPP record $196/mo
Total occupancy $17,038/mo

Occupancy analysis

All-in occupancy cost is 20.0% 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 $1,024,088 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~30%
Revenue$1,024,088
COGS (24%)−$245,781
Labor (14%)−$143,372
Occupancy−$184,015
TX MB gross tax (6.7%)−$68,614
Utilities / ins / mktg (8%)−$81,927
Card surcharge net+$11,265
Net profit $311,644
Most Likely
Typical bar, light food program, full two-shift staffing
~20%
Revenue$1,024,088
COGS (27%)−$276,504
Labor (17%)−$174,095
Occupancy−$204,461
TX MB gross tax (6.7%)−$68,614
Utilities / ins / mktg (10%)−$102,409
Card surcharge net+$11,265
Net profit $209,271
Stressed
Heavy food, larger crew, higher rent
~8%
Revenue$1,024,088
COGS (30%)−$307,226
Labor (22%)−$225,299
Occupancy−$224,907
TX MB gross tax (6.7%)−$68,614
Utilities / ins / mktg (12%)−$122,891
Card surcharge net+$11,265
Net profit $86,416
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 Sc Beverage Company looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $209,271/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 (~$209,271 net) estimated

Revenue multiple
$512k–$819k
0.5–0.8× gross
SDE multiple
$523k–$732k
2.5–3.5× earnings
Cap rate
$634k–$837k
25–33%
Suggested range
$523k–$732k
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 2026-05-22

Lookup pending — check back tomorrow

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