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Financials

MB416551
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The Palace Men's Club

2482 NE LOOP 410, San Antonio, TX 78217 · TABC MB416551

Mixed Beverage San Antonio Market Enriched 2026-06-15
$1,610,177 Annual gross (L12M) ▲ 12.1% latest MoM Click for monthly detail
$134,181 Avg monthly ▲ 3.6% latest vs avg Click for monthly detail
~33% Est. net margin (likely) $530,799/yr est. net Click for cost model
$1,327k–$1,610k Est. acquisition range 0.91× 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 Adult Entertainment, liquor is typically only 80–95% of total business revenue. Liquor + cover; little food. Estimated total revenue (rough): $1,694,923 – $2,012,721/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 Palace Men's Club is a mixed-beverage licensed establishment at 2482 NE LOOP 410, San Antonio, Texas (TABC MB416551). Over the most recent 12 months it reported $1,610,177 in gross alcohol sales, averaging $134,181/month with a best month of $151,114. Sales mix: ~79% liquor · 17% beer · 4% wine. The building at this address is owned by TRIPOLIS LAND COMPANY LLC (9,616 sqft, $1,525,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $530,799 (~33% margin). Acquisition value is estimated at $1,327k–$1,610k 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
$1,610,177
Avg monthly
$134,181
Best month
$151,114
May 2025
Sales mix
79% Liq
17% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID536483
Property owner (landlord)TRIPOLIS LAND COMPANY LLC
Total building SF9,616
Assessed value$1,525,000

The Palace Men's Club's share

Est. base rent ~$17/sqft/yr · 5,000 sqft · Class B $7,269/mo
NNN CAM / insurance$1,090/mo
NNN property tax$1,461/mo
Personal property tax own fixtures · Prop 926266 $156/mo
Total occupancy $9,976/mo

Occupancy analysis

All-in occupancy cost is 7.4% 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 $1,610,177 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~42%
Revenue$1,610,177
COGS (24%)−$386,442
Labor (14%)−$225,425
Occupancy−$107,742
TX MB gross tax (6.7%)−$107,882
Utilities / ins / mktg (8%)−$128,814
Card surcharge net+$17,712
Net profit $671,584
Most Likely
Typical bar, light food program, full two-shift staffing
~33%
Revenue$1,610,177
COGS (27%)−$434,748
Labor (17%)−$273,730
Occupancy−$119,713
TX MB gross tax (6.7%)−$107,882
Utilities / ins / mktg (10%)−$161,018
Card surcharge net+$17,712
Net profit $530,799
Stressed
Heavy food, larger crew, higher rent
~22%
Revenue$1,610,177
COGS (30%)−$483,053
Labor (22%)−$354,239
Occupancy−$131,684
TX MB gross tax (6.7%)−$107,882
Utilities / ins / mktg (12%)−$193,221
Card surcharge net+$17,712
Net profit $357,810
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 Tripolis Enterprises INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $530,799/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 (~$530,799 net) estimated

Revenue multiple
$805k–$1.29M
0.5–0.8× gross
SDE multiple
$1.33M–$1.86M
2.5–3.5× earnings
Cap rate
$1.61M–$2.12M
25–33%
Suggested range
$1,327k–$1,610k
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 2026-06-05

Lookup pending — check back tomorrow

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