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Financials

MB847351
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The Local Watering Hole

1632 KELLER PKWY STE 100, Keller, TX 76248 · TABC MB847351

Mixed Beverage Keller Market Enriched 2026-06-19
$814,730 Annual gross (L12M) ▼ 0.2% latest MoM Click for monthly detail
$67,894 Avg monthly ▲ 1.9% latest vs avg Click for monthly detail
~21% Est. net margin (likely) $172,735/yr est. net Click for cost model
$432k–$605k Est. acquisition range 0.64× 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $814,730 – $905,256/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 Local Watering Hole is a mixed-beverage licensed establishment at 1632 KELLER PKWY STE 100, Keller, Texas (TABC MB847351). Over the most recent 12 months it reported $814,730 in gross alcohol sales, averaging $67,894/month with a best month of $80,924. Sales mix: ~43% liquor · 48% beer · 9% wine. The building at this address is owned by JAHCO KELLER CROSSING LLC (9,600 sqft, $2,615,200 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $172,735 (~21% margin). Acquisition value is estimated at $432k–$605k 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
$814,730
Avg monthly
$67,894
Best month
$80,924
Nov 2025
Sales mix
43% Liq
48% Beer · 9% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID41449673
Property owner (landlord)JAHCO KELLER CROSSING LLC
Total building SF whole parcel — The Local Watering Hole is in STE 1009,600
The Local Watering Hole's footprint estimated — suite-level not on file 3,500 sf
Assessed value$2,615,200

The Local Watering Hole's share

Est. base rent ~$33/sqft/yr · 3,500 sqft · Class A $9,535/mo
NNN CAM / insurance$1,430/mo
NNN property tax$1,907/mo
Personal property tax est — no BPP record $163/mo
Total occupancy $13,035/mo

Occupancy analysis

All-in occupancy cost is 19.2% 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 $814,730 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~31%
Revenue$814,730
COGS (24%)−$195,535
Labor (14%)−$114,062
Occupancy−$140,774
TX MB gross tax (6.7%)−$54,587
Utilities / ins / mktg (8%)−$65,178
Card surcharge net+$8,962
Net profit $253,555
Most Likely
Typical bar, light food program, full two-shift staffing
~21%
Revenue$814,730
COGS (27%)−$219,977
Labor (17%)−$138,504
Occupancy−$156,416
TX MB gross tax (6.7%)−$54,587
Utilities / ins / mktg (10%)−$81,473
Card surcharge net+$8,962
Net profit $172,735
Stressed
Heavy food, larger crew, higher rent
~9%
Revenue$814,730
COGS (30%)−$244,419
Labor (22%)−$179,241
Occupancy−$172,057
TX MB gross tax (6.7%)−$54,587
Utilities / ins / mktg (12%)−$97,768
Card surcharge net+$8,962
Net profit $75,621
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 Chat N Chill Bar And Grill LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $172,735/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 (~$172,735 net) estimated

Revenue multiple
$407k–$652k
0.5–0.8× gross
SDE multiple
$432k–$605k
2.5–3.5× earnings
Cap rate
$523k–$691k
25–33%
Suggested range
$432k–$605k
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 2026-06-14

Lookup pending — check back tomorrow

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