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Financials

MB200177988
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The Rowdy Spur

121 ALAMO PLZ, San Antonio, TX 78205 · TABC MB200177988

Mixed Beverage San Antonio Market Enriched 2026-07-10
$289,471 Annual gross (L12M) ▼ 2.3% latest MoM Click for monthly detail
$41,353 Avg monthly ▲ 19.8% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $72,343/yr est. net Click for cost model
$181k–$253k Est. acquisition range 0.75× 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $304,706 – $361,839/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 Rowdy Spur is a mixed-beverage licensed establishment at 121 ALAMO PLZ, San Antonio, Texas (TABC MB200177988). Over the most recent 12 months it reported $289,471 in gross alcohol sales, averaging $41,353/month with a best month of $53,634. Sales mix: ~63% liquor · 36% beer · 1% wine. The building at this address is owned by CITY OF SAN ANTONIO $0 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $72,343 (~25% margin). Acquisition value is estimated at $181k–$253k 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
$289,471
Avg monthly
$41,353
Best month
$53,634
Dec 2025
Sales mix
63% Liq
36% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1298727
Property owner (landlord)CITY OF SAN ANTONIO
Assessed value$0

The Rowdy Spur's share

Est. base rent ~$12/sqft/yr · 2,500 sqft $2,533/mo
NNN CAM / insurance$380/mo
NNN property tax$0/mo
Personal property tax est — no BPP record $96/mo
Total occupancy $3,009/mo

Occupancy analysis

All-in occupancy cost is 12.5% 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 $289,471 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~34%
Revenue$289,471
COGS (24%)−$69,473
Labor (14%)−$40,526
Occupancy−$32,493
TX MB gross tax (6.7%)−$19,395
Utilities / ins / mktg (8%)−$23,158
Music licensingASCAP + BMI + SESAC + GMR combined−$8,500
Card surcharge net+$3,184
Net profit $99,111
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$289,471
COGS (27%)−$78,157
Labor (17%)−$49,210
Occupancy−$36,104
TX MB gross tax (6.7%)−$19,395
Utilities / ins / mktg (10%)−$28,947
Music licensingASCAP + BMI + SESAC + GMR combined−$8,500
Card surcharge net+$3,184
Net profit $72,343
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$289,471
COGS (30%)−$86,841
Labor (22%)−$63,684
Occupancy−$39,714
TX MB gross tax (6.7%)−$19,395
Utilities / ins / mktg (12%)−$34,737
Music licensingASCAP + BMI + SESAC + GMR combined−$8,500
Card surcharge net+$3,184
Net profit $39,785
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 121 Trs LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $72,343/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 (~$72,343 net) estimated

Revenue multiple
$145k–$232k
0.5–0.8× gross
SDE multiple
$181k–$253k
2.5–3.5× earnings
Cap rate
$219k–$289k
25–33%
Suggested range
$181k–$253k
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 2026-08-29

Lookup pending — check back tomorrow

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