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Financials

MB200082664
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The Encore Midtown

2301 MAIN ST, Houston, TX 77002 · TABC MB200082664

Mixed Beverage Houston Market Enriched 2026-05-19
$1,441,410 Annual gross (L12M) ▲ 1917.3% latest MoM Click for monthly detail
$144,141 Avg monthly ▲ 313.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $322,876/yr est. net Click for cost model
$807k–$1,130k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,517,274 – $1,695,776/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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The Encore Midtown is a mixed-beverage licensed establishment at 2301 MAIN ST, Houston, Texas (TABC MB200082664). Over the most recent 12 months it reported $1,441,410 in gross alcohol sales, averaging $144,141/month with a best month of $596,438. Sales mix: ~100% liquor · 0% beer · 0% wine. The building at this address is owned by OX MIDTOWN LLC (6,205 sqft, $3,800,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $322,876 (~22% margin). Acquisition value is estimated at $807k–$1,130k 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
$1,441,410
Avg monthly
$144,141
Best month
$596,438
Mar 2026
Sales mix
100% Liq
0% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1290830010001
Property owner (landlord)OX MIDTOWN LLC
Total building SF6,205
Assessed value$3,800,000

The Encore Midtown's share

Est. base rent ~$37/sqft/yr · 5,000 sqft · Class A $15,246/mo
NNN CAM / insurance$2,287/mo
NNN property tax$3,800/mo
Personal property tax est — no BPP record $288/mo
Total occupancy $21,621/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 $1,441,410 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$1,441,410
COGS (24%)−$345,938
Labor (14%)−$201,797
Occupancy−$233,508
TX MB gross tax (6.7%)−$96,574
Utilities / ins / mktg (8%)−$115,313
Card surcharge net+$15,856
Net profit $464,134
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,441,410
COGS (27%)−$389,181
Labor (17%)−$245,040
Occupancy−$259,454
TX MB gross tax (6.7%)−$96,574
Utilities / ins / mktg (10%)−$144,141
Card surcharge net+$15,856
Net profit $322,876
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,441,410
COGS (30%)−$432,423
Labor (22%)−$317,110
Occupancy−$285,399
TX MB gross tax (6.7%)−$96,574
Utilities / ins / mktg (12%)−$172,969
Card surcharge net+$15,856
Net profit $152,789
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 District One INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $322,876/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 (~$322,876 net) estimated

Revenue multiple
$721k–$1.15M
0.5–0.8× gross
SDE multiple
$807k–$1.13M
2.5–3.5× earnings
Cap rate
$978k–$1.29M
25–33%
Suggested range
$807k–$1,130k
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 2026-06-12

Lookup pending — check back tomorrow

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