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Financials

MB851464
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The Gizmo

2102 26TH ST, Galveston, TX 77550 · TABC MB851464

Mixed Beverage Galveston Market Enriched 2026-07-11
$434,602 Annual gross (L12M) ▲ 4.2% latest MoM Click for monthly detail
$36,217 Avg monthly ▲ 7.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $121,951/yr est. net Click for cost model
$305k–$427k Est. acquisition range 0.84× 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): $457,476 – $511,296/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

The Gizmo is a mixed-beverage licensed establishment at 2102 26TH ST, Galveston, Texas (TABC MB851464). Over the most recent 12 months it reported $434,602 in gross alcohol sales, averaging $36,217/month with a best month of $40,648. Sales mix: ~60% liquor · 38% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $121,951 (~28% margin). Acquisition value is estimated at $305k–$427k 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
$434,602
Avg monthly
$36,217
Best month
$40,648
Aug 2025
Sales mix
60% Liq
38% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$3,803/mo
NNN CAM / insurance$570/mo
Total occupancy$4,469/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $434,602 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$434,602
COGS (24%)−$104,304
Labor (14%)−$60,844
Occupancy−$48,265
TX MB gross tax (6.7%)−$29,118
Utilities / ins / mktg (8%)−$34,768
Card surcharge net+$4,781
Net profit $162,082
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$434,602
COGS (27%)−$117,343
Labor (17%)−$73,882
Occupancy−$53,628
TX MB gross tax (6.7%)−$29,118
Utilities / ins / mktg (10%)−$43,460
Card surcharge net+$4,781
Net profit $121,951
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$434,602
COGS (30%)−$130,381
Labor (22%)−$95,612
Occupancy−$58,991
TX MB gross tax (6.7%)−$29,118
Utilities / ins / mktg (12%)−$52,152
Card surcharge net+$4,781
Net profit $73,128
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 Meghann Nash Degges looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $121,951/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 (~$121,951 net) estimated

Revenue multiple
$217k–$348k
0.5–0.8× gross
SDE multiple
$305k–$427k
2.5–3.5× earnings
Cap rate
$370k–$488k
25–33%
Suggested range
$305k–$427k
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.