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MB975118
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Star Cinema Grill

114 VINTAGE PARK BLVD STE J, Houston, TX 77070 · TABC MB975118

Mixed Beverage Houston Market Enriched 2026-09-02
$386,945 Annual gross (L12M) ▼ 16.3% latest MoM Click for monthly detail
$32,245 Avg monthly ▲ 13.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $86,676/yr est. net Click for cost model
$217k–$303k 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 Theater, liquor is typically only 20–40% of total business revenue. Concessions liquor. Estimated total revenue (rough): $967,362 – $1,934,725/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

Star Cinema Grill is a mixed-beverage licensed establishment at 114 VINTAGE PARK BLVD STE J, Houston, Texas (TABC MB975118). Over the most recent 12 months it reported $386,945 in gross alcohol sales, averaging $32,245/month with a best month of $57,751. Sales mix: ~56% liquor · 27% beer · 17% 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 $86,676 (~22% margin). Acquisition value is estimated at $217k–$303k 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
$386,945
Avg monthly
$32,245
Best month
$57,751
May 2026
Sales mix
56% Liq
27% Beer · 17% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1295980010001
Property owner (landlord)VINTAGE DUNHILL LLC
Total building SF whole parcel — Star Cinema Grill is in STE J391,271
Star Cinema Grill's footprint estimated — suite-level not on file 2,500 sf
Assessed value$92,905,890

Star Cinema Grill's share

Est. base rent ~$19/sqft/yr · 2,500 sqft · Class A $3,928/mo
NNN CAM / insurance$589/mo
NNN property tax$1,187/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $5,804/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 $386,945 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$386,945
COGS (24%)−$92,867
Labor (14%)−$54,172
Occupancy−$62,685
TX MB gross tax (6.7%)−$25,925
Utilities / ins / mktg (8%)−$30,956
Card surcharge net+$4,256
Net profit $124,596
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$386,945
COGS (27%)−$104,475
Labor (17%)−$65,781
Occupancy−$69,650
TX MB gross tax (6.7%)−$25,925
Utilities / ins / mktg (10%)−$38,694
Card surcharge net+$4,256
Net profit $86,676
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$386,945
COGS (30%)−$116,084
Labor (22%)−$85,128
Occupancy−$76,615
TX MB gross tax (6.7%)−$25,925
Utilities / ins / mktg (12%)−$46,433
Card surcharge net+$4,256
Net profit $41,016
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 Scg-Vp INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $86,676/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 (~$86,676 net) estimated

Revenue multiple
$193k–$310k
0.5–0.8× gross
SDE multiple
$217k–$303k
2.5–3.5× earnings
Cap rate
$263k–$347k
25–33%
Suggested range
$217k–$303k
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 · Theater

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

We estimate this theater pulls $967,362–$1,934,725/yr in total revenue (your liquor portion of $386,945 is roughly 20–40% 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
$967k–$1,935k
food + liquor + service
Estimated net (10–15%)
$97k–$290k
restaurant margin
Full-business value
$266k–$1,064k
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 2026-07-12

No federal lawsuits — past or pending