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MB105947177
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State Fare Restaurant And Bar

947 GESSNER RD STE B190, Houston, TX 77024 · TABC MB105947177

Mixed Beverage Houston Market Enriched 2026-07-11
$463,248 Annual gross (L12M) ▲ 61.7% latest MoM Click for monthly detail
$38,604 Avg monthly ▲ 35.3% latest vs avg Click for monthly detail
~19% Est. net margin (likely) $86,547/yr est. net Click for cost model
$232k–$303k Est. acquisition range 0.58× 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): $1,029,440 – $1,852,992/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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State Fare Restaurant And Bar is a mixed-beverage licensed establishment at 947 GESSNER RD STE B190, Houston, Texas (TABC MB105947177). Over the most recent 12 months it reported $463,248 in gross alcohol sales, averaging $38,604/month with a best month of $52,231. Sales mix: ~65% liquor · 7% beer · 27% wine. The building at this address is owned by MCW-G LLC (146,451 sqft, $35,945,640 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $86,547 (~19% margin). Acquisition value is estimated at $232k–$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
$463,248
Avg monthly
$38,604
Best month
$52,231
May 2026
Sales mix
65% Liq
7% Beer · 27% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1283160010017
Property owner (landlord)MCW-G LLC
Total building SF whole parcel — State Fare Restaurant And Bar is in STE B190146,451
State Fare Restaurant And Bar's footprint estimated — suite-level not on file 2,500 sf
Assessed value$35,945,640

State Fare Restaurant And Bar's share

Est. base rent ~$29/sqft/yr · 2,500 sqft · Class A $6,136/mo
NNN CAM / insurance$920/mo
NNN property tax$1,227/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $8,384/mo

Occupancy analysis

All-in occupancy cost is 21.7% 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 $463,248 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~29%
Revenue$463,248
COGS (24%)−$111,180
Labor (14%)−$64,855
Occupancy−$90,545
TX MB gross tax (6.7%)−$31,038
Utilities / ins / mktg (8%)−$37,060
Card surcharge net+$5,096
Net profit $133,667
Most Likely
Typical bar, light food program, full two-shift staffing
~19%
Revenue$463,248
COGS (27%)−$125,077
Labor (17%)−$78,752
Occupancy−$100,605
TX MB gross tax (6.7%)−$31,038
Utilities / ins / mktg (10%)−$46,325
Card surcharge net+$5,096
Net profit $86,547
Stressed
Heavy food, larger crew, higher rent
~7%
Revenue$463,248
COGS (30%)−$138,974
Labor (22%)−$101,915
Occupancy−$110,666
TX MB gross tax (6.7%)−$31,038
Utilities / ins / mktg (12%)−$55,590
Card surcharge net+$5,096
Net profit $30,162
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 Culinary Khancepts INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $86,547/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 (~$86,547 net) estimated

Revenue multiple
$232k–$371k
0.5–0.8× gross
SDE multiple
$216k–$303k
2.5–3.5× earnings
Cap rate
$262k–$346k
25–33%
Suggested range
$232k–$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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $1,029,440–$1,852,992/yr in total revenue (your liquor portion of $463,248 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
$1,029k–$1,853k
food + liquor + service
Estimated net (10–15%)
$103k–$278k
restaurant margin
Full-business value
$283k–$1,019k
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 2026-08-27

No federal lawsuits — past or pending