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Financials

MB699987
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Shogun Japanese Grill & Sushi

114 VINTAGE PARK BLVD STE A, Houston, TX 77070 · TABC MB699987

Mixed Beverage Houston Market Enriched 2026-08-12
$162,716 Annual gross (L12M) ▼ 22.0% latest MoM Click for monthly detail
$13,560 Avg monthly ▼ 10.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $36,448/yr est. net Click for cost model
$91k–$128k Est. acquisition range 0.67× annual gross (blended) Click for valuation methods
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Executive Summary

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Shogun Japanese Grill & Sushi is a mixed-beverage licensed establishment at 114 VINTAGE PARK BLVD STE A, Houston, Texas (TABC MB699987). Over the most recent 12 months it reported $162,716 in gross alcohol sales, averaging $13,560/month with a best month of $17,871. Sales mix: ~55% liquor · 23% beer · 22% wine. The building at this address is owned by VINTAGE DUNHILL LLC (391,271 sqft, $92,905,890 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $36,448 (~22% margin). Acquisition value is estimated at $91k–$128k 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
$162,716
Avg monthly
$13,560
Best month
$17,871
Sep 2025
Sales mix
55% Liq
23% Beer · 22% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1295980010001
Property owner (landlord)VINTAGE DUNHILL LLC
Total building SF whole parcel — Shogun Japanese Grill & Sushi is in STE A391,271
Shogun Japanese Grill & Sushi's footprint estimated — suite-level not on file 2,500 sf
Assessed value$92,905,890

Shogun Japanese Grill & Sushi's share

Est. base rent ~$5/sqft/yr · 2,500 sqft · Class A $1,003/mo
NNN CAM / insurance$150/mo
NNN property tax$1,187/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $2,441/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 $162,716 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$162,716
COGS (24%)−$39,052
Labor (14%)−$22,780
Occupancy−$26,360
TX MB gross tax (6.7%)−$10,902
Utilities / ins / mktg (8%)−$13,017
Card surcharge net+$1,790
Net profit $52,395
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$162,716
COGS (27%)−$43,933
Labor (17%)−$27,662
Occupancy−$29,289
TX MB gross tax (6.7%)−$10,902
Utilities / ins / mktg (10%)−$16,272
Card surcharge net+$1,790
Net profit $36,448
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$162,716
COGS (30%)−$48,815
Labor (22%)−$35,798
Occupancy−$32,218
TX MB gross tax (6.7%)−$10,902
Utilities / ins / mktg (12%)−$19,526
Card surcharge net+$1,790
Net profit $17,248
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 New Starland Corporation looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $36,448/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 (~$36,448 net) estimated

Revenue multiple
$81k–$130k
0.5–0.8× gross
SDE multiple
$91k–$128k
2.5–3.5× earnings
Cap rate
$110k–$146k
25–33%
Suggested range
$91k–$128k
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 2026-05-29

Lookup pending — check back tomorrow

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