← Velvet Taco /

Financials

MB200120156
Dashboard › Velvet Taco › Financial Intelligence

Velvet Taco

7800 AIRPORT BLVD STE 8, Houston, TX 77061 · TABC MB200120156

Mixed Beverage Houston Market Enriched 2026-05-24
$1,696,431 Annual gross (L12M) ▼ 15.3% latest MoM Click for monthly detail
$141,369 Avg monthly ▼ 2.6% latest vs avg Click for monthly detail
~32% Est. net margin (likely) $542,910/yr est. net Click for cost model
$1,357k–$1,696k Est. acquisition range 0.90× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,785,717 – $1,995,801/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Velvet Taco My bars

Executive Summary

Click to expand full narrative

Velvet Taco is a mixed-beverage licensed establishment at 7800 AIRPORT BLVD STE 8, Houston, Texas (TABC MB200120156). Over the most recent 12 months it reported $1,696,431 in gross alcohol sales, averaging $141,369/month with a best month of $171,525. Sales mix: ~74% liquor · 22% beer · 5% wine. The building at this address is owned by SAVS LP (30,434 sqft, $6,059,489 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $542,910 (~32% margin). Acquisition value is estimated at $1,357k–$1,696k 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
$1,696,431
Avg monthly
$141,369
Best month
$171,525
May 2025
Sales mix
74% Liq
22% Beer · 5% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0470350000005
Property owner (landlord)SAVS LP
Total building SF whole parcel — Velvet Taco is in STE 830,434
Velvet Taco's footprint estimated — suite-level not on file 5,000 sf
Assessed value$6,059,489

Velvet Taco's share

Est. base rent ~$20/sqft/yr · 5,000 sqft · Class B $8,296/mo
NNN CAM / insurance$1,244/mo
NNN property tax$1,991/mo
Personal property tax est — no BPP record $339/mo
Total occupancy $11,871/mo

Occupancy analysis

All-in occupancy cost is 8.4% 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 $1,696,431 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~41%
Revenue$1,696,431
COGS (24%)−$407,143
Labor (14%)−$237,500
Occupancy−$128,203
TX MB gross tax (6.7%)−$113,661
Utilities / ins / mktg (8%)−$135,714
Card surcharge net+$18,661
Net profit $692,870
Most Likely
Typical bar, light food program, full two-shift staffing
~32%
Revenue$1,696,431
COGS (27%)−$458,036
Labor (17%)−$288,393
Occupancy−$142,448
TX MB gross tax (6.7%)−$113,661
Utilities / ins / mktg (10%)−$169,643
Card surcharge net+$18,661
Net profit $542,910
Stressed
Heavy food, larger crew, higher rent
~21%
Revenue$1,696,431
COGS (30%)−$508,929
Labor (22%)−$373,215
Occupancy−$156,693
TX MB gross tax (6.7%)−$113,661
Utilities / ins / mktg (12%)−$203,572
Card surcharge net+$18,661
Net profit $359,022
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 Latrelle's Next Gen LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $542,910/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 (~$542,910 net) estimated

Revenue multiple
$848k–$1.36M
0.5–0.8× gross
SDE multiple
$1.36M–$1.90M
2.5–3.5× earnings
Cap rate
$1.65M–$2.17M
25–33%
Suggested range
$1,357k–$1,696k
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 2026-06-04

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.