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Financials

MB677397
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The Grove

1611 LAMAR ST, Houston, TX 77010 · TABC MB677397

Mixed Beverage Houston Market Enriched 2026-05-14
$1,376,741 Annual gross (L12M) ▲ 368.6% latest MoM Click for monthly detail
$114,728 Avg monthly ▲ 179.1% latest vs avg Click for monthly detail
~30% Est. net margin (likely) $419,007/yr est. net Click for cost model
$1,048k–$1,377k Est. acquisition range 0.88× 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): $1,449,201 – $1,619,695/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 Grove is a mixed-beverage licensed establishment at 1611 LAMAR ST, Houston, Texas (TABC MB677397). Over the most recent 12 months it reported $1,376,741 in gross alcohol sales, averaging $114,728/month with a best month of $320,172. Sales mix: ~56% liquor · 12% beer · 32% wine. The building at this address is owned by ALH PROPERTIES NO FOURTEEN LP (197,193 sqft, $40,744,816 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $419,007 (~30% margin). Acquisition value is estimated at $1,048k–$1,377k 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
$1,376,741
Avg monthly
$114,728
Best month
$320,172
Mar 2026
Sales mix
56% Liq
12% Beer · 32% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0012380000006
Property owner (landlord)ALH PROPERTIES NO FOURTEEN LP
Total building SF197,193
Assessed value$40,744,816

The Grove's share

Est. base rent ~$25/sqft/yr · 4,000 sqft · Class A $8,265/mo
NNN CAM / insurance$1,240/mo
NNN property tax$1,653/mo
Personal property tax est — no BPP record $275/mo
Total occupancy $11,433/mo

Occupancy analysis

All-in occupancy cost is 10.0% 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 $1,376,741 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$1,376,741
COGS (24%)−$330,418
Labor (14%)−$192,744
Occupancy−$123,477
TX MB gross tax (6.7%)−$92,242
Utilities / ins / mktg (8%)−$110,139
Card surcharge net+$15,144
Net profit $542,866
Most Likely
Typical bar, light food program, full two-shift staffing
~30%
Revenue$1,376,741
COGS (27%)−$371,720
Labor (17%)−$234,046
Occupancy−$137,197
TX MB gross tax (6.7%)−$92,242
Utilities / ins / mktg (10%)−$137,674
Card surcharge net+$15,144
Net profit $419,007
Stressed
Heavy food, larger crew, higher rent
~19%
Revenue$1,376,741
COGS (30%)−$413,022
Labor (22%)−$302,883
Occupancy−$150,916
TX MB gross tax (6.7%)−$92,242
Utilities / ins / mktg (12%)−$165,209
Card surcharge net+$15,144
Net profit $267,613
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 Sdg Downtown Beverage LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $419,007/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 (~$419,007 net) estimated

Revenue multiple
$688k–$1.10M
0.5–0.8× gross
SDE multiple
$1.05M–$1.47M
2.5–3.5× earnings
Cap rate
$1.27M–$1.68M
25–33%
Suggested range
$1,048k–$1,377k
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 2026-06-09

Lookup pending — check back tomorrow

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