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Financials

MB1084830
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Urban Social Lounge

3917 RICHMOND AVE, Houston, TX 77027 · TABC MB1084830

Mixed Beverage Houston Market Enriched 2026-05-24
$3,304,927 Annual gross (L12M) ▲ 36.1% latest MoM Click for monthly detail
$275,411 Avg monthly ▲ 13.9% latest vs avg Click for monthly detail
~19% Est. net margin (likely) $612,790/yr est. net Click for cost model
$1,652k–$2,145k Est. acquisition range 0.57× 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 Lounge, liquor is typically only 75–90% of total business revenue. Mostly bar program. Estimated total revenue (rough): $3,672,141 – $4,406,569/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

Urban Social Lounge is a mixed-beverage licensed establishment at 3917 RICHMOND AVE, Houston, Texas (TABC MB1084830). Over the most recent 12 months it reported $3,304,927 in gross alcohol sales, averaging $275,411/month with a best month of $327,526. Sales mix: ~93% liquor · 3% beer · 4% wine. The building at this address is owned by RICHMOND WESLAYAN LTD (28,646 sqft, $16,890,553 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $612,790 (~19% margin). Acquisition value is estimated at $1,652k–$2,145k 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
$3,304,927
Avg monthly
$275,411
Best month
$327,526
May 2025
Sales mix
93% Liq
3% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1155390000001
Property owner (landlord)RICHMOND WESLAYAN LTD
Total building SF28,646
Assessed value$16,890,553

Urban Social Lounge's share

Est. base rent ~$71/sqft/yr · 7,500 sqft · Class A $44,222/mo
NNN CAM / insurance$6,633/mo
NNN property tax$8,844/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $60,200/mo

Occupancy analysis

All-in occupancy cost is 21.9% 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 $3,304,927 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~29%
Revenue$3,304,927
COGS (24%)−$793,182
Labor (14%)−$462,690
Occupancy−$650,161
TX MB gross tax (6.7%)−$221,430
Utilities / ins / mktg (8%)−$264,394
Card surcharge net+$36,354
Net profit $949,424
Most Likely
Typical bar, light food program, full two-shift staffing
~19%
Revenue$3,304,927
COGS (27%)−$892,330
Labor (17%)−$561,838
Occupancy−$722,401
TX MB gross tax (6.7%)−$221,430
Utilities / ins / mktg (10%)−$330,493
Card surcharge net+$36,354
Net profit $612,790
Stressed
Heavy food, larger crew, higher rent
~6%
Revenue$3,304,927
COGS (30%)−$991,478
Labor (22%)−$727,084
Occupancy−$794,641
TX MB gross tax (6.7%)−$221,430
Utilities / ins / mktg (12%)−$396,591
Card surcharge net+$36,354
Net profit $210,057
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 Simpson Group Of Companies LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $612,790/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 (~$612,790 net) estimated

Revenue multiple
$1.65M–$2.64M
0.5–0.8× gross
SDE multiple
$1.53M–$2.14M
2.5–3.5× earnings
Cap rate
$1.86M–$2.45M
25–33%
Suggested range
$1,652k–$2,145k
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 2026-05-25

Lookup pending — check back tomorrow

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