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MB1123648
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The Windmill Saloon

302 AND 304 BOLIVAR ST, Sanger, TX 76266 · TABC MB1123648

Mixed Beverage Sanger Market Enriched 2026-07-11
$255,523 Annual gross (L12M) ▲ 19.5% latest MoM Click for monthly detail
$21,294 Avg monthly ▲ 9.9% latest vs avg Click for monthly detail
~29% Est. net margin (likely) $73,447/yr est. net Click for cost model
$184k–$256k Est. acquisition range 0.86× 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 Saloon, liquor is typically only 85–95% of total business revenue. Liquor-led. Estimated total revenue (rough): $268,972 – $300,615/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 Windmill Saloon is a mixed-beverage licensed establishment at 302 AND 304 BOLIVAR ST, Sanger, Texas (TABC MB1123648). Over the most recent 12 months it reported $255,523 in gross alcohol sales, averaging $21,294/month with a best month of $26,473. Sales mix: ~54% liquor · 46% beer · 1% wine. The building at this address is owned by TMB INVESTMENT HOLDINGS LLC (7,500 sqft, $685,673 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $73,447 (~29% margin). Acquisition value is estimated at $184k–$256k 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
$255,523
Avg monthly
$21,294
Best month
$26,473
Jan 2026
Sales mix
54% Liq
46% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID58724
Property owner (landlord)TMB INVESTMENT HOLDINGS LLC
Total building SF7,500
Assessed value$685,673

The Windmill Saloon's share

Est. base rent ~$8/sqft/yr · 2,500 sqft · Class C $1,714/mo
NNN CAM / insurance$257/mo
NNN property tax$419/mo
Personal property tax est — no BPP record $92/mo
Total occupancy $2,482/mo

Occupancy analysis

All-in occupancy cost is 11.7% 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 $255,523 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~38%
Revenue$255,523
COGS (24%)−$61,326
Labor (14%)−$35,773
Occupancy−$26,806
TX MB gross tax (6.7%)−$17,120
Utilities / ins / mktg (8%)−$20,442
Card surcharge net+$2,811
Net profit $96,868
Most Likely
Typical bar, light food program, full two-shift staffing
~29%
Revenue$255,523
COGS (27%)−$68,991
Labor (17%)−$43,439
Occupancy−$29,784
TX MB gross tax (6.7%)−$17,120
Utilities / ins / mktg (10%)−$25,552
Card surcharge net+$2,811
Net profit $73,447
Stressed
Heavy food, larger crew, higher rent
~18%
Revenue$255,523
COGS (30%)−$76,657
Labor (22%)−$56,215
Occupancy−$32,762
TX MB gross tax (6.7%)−$17,120
Utilities / ins / mktg (12%)−$30,663
Card surcharge net+$2,811
Net profit $44,917
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 Ab's Corner LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $73,447/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 (~$73,447 net) estimated

Revenue multiple
$128k–$204k
0.5–0.8× gross
SDE multiple
$184k–$257k
2.5–3.5× earnings
Cap rate
$223k–$294k
25–33%
Suggested range
$184k–$256k
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 2026-08-17

Lookup pending — check back tomorrow

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