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Financials

MB200070864
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The Wet Whistle

3109 NEPTUNE DR, Bayou Vista, TX 77563 · TABC MB200070864

Mixed Beverage Bayou Vista Market Enriched 2026-07-09
$304,266 Annual gross (L12M) Click for monthly detail
$43,467 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $85,033/yr est. net Click for cost model
$213k–$298k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $304,266 – $338,073/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 Wet Whistle is a mixed-beverage licensed establishment at 3109 NEPTUNE DR, Bayou Vista, Texas (TABC MB200070864). Over the most recent 12 months it reported $304,266 in gross alcohol sales, averaging $43,467/month with a best month of $56,436. Sales mix: ~67% liquor · 32% beer · 1% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $85,033 (~28% margin). Acquisition value is estimated at $213k–$298k 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
$304,266
Avg monthly
$43,467
Best month
$56,436
Jul 2025
Sales mix
67% Liq
32% Beer · 1% 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)$2,662/mo
NNN CAM / insurance$399/mo
Total occupancy$3,158/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 $304,266 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$304,266
COGS (24%)−$73,024
Labor (14%)−$42,597
Occupancy−$34,101
TX MB gross tax (6.7%)−$20,386
Utilities / ins / mktg (8%)−$24,341
Card surcharge net+$3,347
Net profit $113,164
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$304,266
COGS (27%)−$82,152
Labor (17%)−$51,725
Occupancy−$37,890
TX MB gross tax (6.7%)−$20,386
Utilities / ins / mktg (10%)−$30,427
Card surcharge net+$3,347
Net profit $85,033
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$304,266
COGS (30%)−$91,280
Labor (22%)−$66,939
Occupancy−$41,679
TX MB gross tax (6.7%)−$20,386
Utilities / ins / mktg (12%)−$36,512
Card surcharge net+$3,347
Net profit $50,818
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 Hanson Bar 3 LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $85,033/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 (~$85,033 net) estimated

Revenue multiple
$152k–$243k
0.5–0.8× gross
SDE multiple
$213k–$298k
2.5–3.5× earnings
Cap rate
$258k–$340k
25–33%
Suggested range
$213k–$298k
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 2026-07-11

No federal lawsuits — past or pending