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Financials

MB985841
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Snooze

600 W SAM HOUSTON PKWY N STE 500, Houston, TX 77024 · TABC MB985841

Mixed Beverage Houston Market Enriched 2026-08-17
$153,444 Annual gross (L12M) ▼ 25.5% latest MoM Click for monthly detail
$12,787 Avg monthly ▼ 10.4% latest vs avg Click for monthly detail
~-202% Est. net margin (likely) $-309,199/yr est. net Click for cost model
$77k–$-1,082k Est. acquisition range -3.28× 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): $161,520 – $180,522/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Snooze is a mixed-beverage licensed establishment at 600 W SAM HOUSTON PKWY N STE 500, Houston, Texas (TABC MB985841). Over the most recent 12 months it reported $153,444 in gross alcohol sales, averaging $12,787/month with a best month of $15,372. Sales mix: ~65% liquor · 1% beer · 34% wine. The building at this address is owned by WHEATLEY INVESTMENTS LTD (2,500 sqft, $2,466,605 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-309,199 (~-202% margin). Acquisition value is estimated at $77k–$-1,082k 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
$153,444
Avg monthly
$12,787
Best month
$15,372
May 2026
Sales mix
65% Liq
1% Beer · 34% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0401600000029
Property owner (landlord)WHEATLEY INVESTMENTS LTD
Total building SF whole parcel — Snooze is in STE 5002,500
Snooze's footprint estimated — suite-level not on file 2,500 sf
Assessed value$2,466,605

Snooze's share

Est. base rent ~$118/sqft/yr · 2,500 sqft · Class A $24,666/mo
NNN CAM / insurance$3,700/mo
NNN property tax$2,467/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $30,933/mo

Occupancy analysis

All-in occupancy cost is 241.9% 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 $153,444 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-169%
Revenue$153,444
COGS (24%)−$36,827
Labor (14%)−$21,482
Occupancy−$334,072
TX MB gross tax (6.7%)−$10,281
Utilities / ins / mktg (8%)−$12,276
Card surcharge net+$1,688
Net profit $-259,805
Most Likely
Typical bar, light food program, full two-shift staffing
~-202%
Revenue$153,444
COGS (27%)−$41,430
Labor (17%)−$26,085
Occupancy−$371,191
TX MB gross tax (6.7%)−$10,281
Utilities / ins / mktg (10%)−$15,344
Card surcharge net+$1,688
Net profit $-309,199
Stressed
Heavy food, larger crew, higher rent
~-236%
Revenue$153,444
COGS (30%)−$46,033
Labor (22%)−$33,758
Occupancy−$408,310
TX MB gross tax (6.7%)−$10,281
Utilities / ins / mktg (12%)−$18,413
Card surcharge net+$1,688
Net profit $-361,663
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 Snoozetown LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-309,199/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 (~$-309,199 net) estimated

Revenue multiple
$77k–$123k
0.5–0.8× gross
SDE multiple
$-773k–$-1,082k
2.5–3.5× earnings
Cap rate
$-937k–$-1,237k
25–33%
Suggested range
$77k–$-1,082k
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

2 cases on file · 1 currently open · public records

2 federal cases
1 currently open
1 ADA
2 civil rights
As defendant in 2 cases
Most recent filing
Pratel v. Snoozetown, LLC
COD · 2024-11-12 · OPEN
Public records, last checked 2026-06-15