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MB200090277
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The Tailgate

4401 N BIG SPRING ST, Midland, TX 79705 · TABC MB200090277

Mixed Beverage Midland Market Enriched 2026-06-15
$1,577,431 Annual gross (L12M) Click for monthly detail
$197,179 Avg monthly ▲ 49.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $443,179/yr est. net Click for cost model
$1,108k–$1,551k 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 Dive Bar, liquor is typically only 85–98% of total business revenue. Almost entirely liquor. Estimated total revenue (rough): $1,609,623 – $1,855,801/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 Tailgate is a mixed-beverage licensed establishment at 4401 N BIG SPRING ST, Midland, Texas (TABC MB200090277). Over the most recent 12 months it reported $1,577,431 in gross alcohol sales, averaging $197,179/month with a best month of $294,561. Sales mix: ~59% liquor · 40% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $443,179 (~28% margin). Acquisition value is estimated at $1,108k–$1,551k 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
$1,577,431
Avg monthly
$197,179
Best month
$294,561
Apr 2026
Sales mix
59% Liq
40% Beer · 0% 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)$13,803/mo
NNN CAM / insurance$2,070/mo
Total occupancy$16,175/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 $1,577,431 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,577,431
COGS (24%)−$378,583
Labor (14%)−$220,840
Occupancy−$174,693
TX MB gross tax (6.7%)−$105,688
Utilities / ins / mktg (8%)−$126,194
Card surcharge net+$17,352
Net profit $588,784
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,577,431
COGS (27%)−$425,906
Labor (17%)−$268,163
Occupancy−$194,103
TX MB gross tax (6.7%)−$105,688
Utilities / ins / mktg (10%)−$157,743
Card surcharge net+$17,352
Net profit $443,179
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,577,431
COGS (30%)−$473,229
Labor (22%)−$347,035
Occupancy−$213,513
TX MB gross tax (6.7%)−$105,688
Utilities / ins / mktg (12%)−$189,292
Card surcharge net+$17,352
Net profit $266,026
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 Midland Tailgate L.P looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $443,179/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 (~$443,179 net) estimated

Revenue multiple
$789k–$1.26M
0.5–0.8× gross
SDE multiple
$1.11M–$1.55M
2.5–3.5× earnings
Cap rate
$1.34M–$1.77M
25–33%
Suggested range
$1,108k–$1,551k
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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