← Shokku Ramen /

Financials

MB1130236
Dashboard › Shokku Ramen › Financial Intelligence

Shokku Ramen

933 STUDEWOOD ST UNIT A, Houston, TX 77008 · TABC MB1130236

Mixed Beverage Houston Market Enriched 2026-09-10
$344,148 Annual gross (L12M) ▲ 22.6% latest MoM Click for monthly detail
$28,679 Avg monthly ▲ 16.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $77,089/yr est. net Click for cost model
$193k–$270k 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $764,773 – $1,376,592/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Shokku Ramen My bars

Executive Summary

Click to expand full narrative

Shokku Ramen is a mixed-beverage licensed establishment at 933 STUDEWOOD ST UNIT A, Houston, Texas (TABC MB1130236). Over the most recent 12 months it reported $344,148 in gross alcohol sales, averaging $28,679/month with a best month of $34,662. Sales mix: ~40% liquor · 21% beer · 39% wine. The building at this address is owned by BIG DIAMOND INC (2,500 sqft, $1,705,768 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $77,089 (~22% margin). Acquisition value is estimated at $193k–$270k 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
$344,148
Avg monthly
$28,679
Best month
$34,662
Aug 2025
Sales mix
40% Liq
21% Beer · 39% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0350240450011
Property owner (landlord)BIG DIAMOND INC
Total building SF whole parcel — Shokku Ramen is in UNIT A2,500
Shokku Ramen's footprint estimated — suite-level not on file 2,500 sf
Assessed value$1,705,768

Shokku Ramen's share

Est. base rent ~$14/sqft/yr · 2,500 sqft · Class A $2,919/mo
NNN CAM / insurance$438/mo
NNN property tax$1,706/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $5,162/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 $344,148 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$344,148
COGS (24%)−$82,596
Labor (14%)−$48,181
Occupancy−$55,752
TX MB gross tax (6.7%)−$23,058
Utilities / ins / mktg (8%)−$27,532
Card surcharge net+$3,786
Net profit $110,816
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$344,148
COGS (27%)−$92,920
Labor (17%)−$58,505
Occupancy−$61,947
TX MB gross tax (6.7%)−$23,058
Utilities / ins / mktg (10%)−$34,415
Card surcharge net+$3,786
Net profit $77,089
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$344,148
COGS (30%)−$103,244
Labor (22%)−$75,713
Occupancy−$68,141
TX MB gross tax (6.7%)−$23,058
Utilities / ins / mktg (12%)−$41,298
Card surcharge net+$3,786
Net profit $36,480
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 Komorida Nguyen Houston LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $77,089/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 (~$77,089 net) estimated

Revenue multiple
$172k–$275k
0.5–0.8× gross
SDE multiple
$193k–$270k
2.5–3.5× earnings
Cap rate
$234k–$308k
25–33%
Suggested range
$193k–$270k
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 · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $764,773–$1,376,592/yr in total revenue (your liquor portion of $344,148 is roughly 25–45% 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
$765k–$1,377k
food + liquor + service
Estimated net (10–15%)
$76k–$206k
restaurant margin
Full-business value
$210k–$757k
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 2026-06-08

No federal lawsuits — past or pending