← FWD MB750439
Entity forfeited

Fwd

510 GRAY ST STE D, Houston, TX 77002 · Harris County
Latest receipts
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Trailing 12
$187K
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All-time peak
$36K
Aug 2010
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Liquor split
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Per open day
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est. 30 days
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How they stack up

In Houston
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In ZIP 77002
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In Harris County
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Statewide
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Source: BoozeReports.com provides Texas bar, restaurant, and alcohol permit intelligence — including mixed beverage sales, license details, compliance signals, violations, ownership, and estimated business value.
Plain-text summary (for AI / quick reference)
Business name: Fwd
City: Houston, TX · Harris County
Address: 510 Gray St Ste D, TX 77002
TABC permit number: MB750439
Owner / operator: Dji Investments, INC.
Trailing 12-month mixed beverage receipts: $187,459
Estimated business value: $157,732 (midpoint, EBITDA-multiple model)
Source: BoozeReports.com — Texas bar & alcohol-permit intelligence platform.
Fwd reported $11.0K in September 2011.

Trailing-12 receipts: $187K (-49.2% YoY, 0.0% MoM). Clean compliance record. Located in Houston.

What is this bar worth?

Back-of-envelope · Pro only
Low (-5% margin)
$104K
2.25× EBITDA
Mid (14% margin)Likely
$158K
3.0× EBITDA
High (32% margin)
$293K
3.75× EBITDA
Pro · valuation
Acquisition-grade estimate.
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Based on trailing-12-month gross of $187,459, applying contribution margins of -5–32% and EBITDA multiples of 2.25–3.75×. Confidence: low. Not a formal appraisal — anchor for diligence conversations.

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Sales history · monthly gross receipts

Monthly filings · last 12

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Month Total Liquor Beer Wine MoM
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About this establishment

FWD is a Mixed Beverage located in HOUSTON, Texas. In September 2011, it reported $11,000 in total mixed beverage sales. Its average monthly sales over the last 12 months were $15,622. Its highest-grossing month in that period was November 2010 with $25,788 in sales. Sales have decreased by 51% compared to earlier in the period. Its sales mix is approximately 81% liquor, 19% beer, and 0% wine. Its BoozeReports audit risk score is rated medium based on some irregular sales patterns or minor compliance issues.

ZIP 77002 performance

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Location

510 GRAY ST STE D
HOUSTON, TX 77002
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License

Permit typeMixed Beverage
NumberMB750439
First filing2010-06-30
Sales tax filingCurrent
Entity registeredNot found
Franchise tax Below No Tax Due threshold
Officers Ivan Ramirez Vice Presi
Ivan Ramirez Secretary
Javier Reyna Chief Exec

Audit risk

M
MEDIUM
2 factors flagged
  • 1 month with identical/near-identical totals
  • Inconsistent wine reporting pattern
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Peer comparison

Houston
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Location · FWD

510 GRAY ST STE D, HOUSTON, TX 77002

Heatmap · ZIP 77002

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Comparative gross-receipt heatmap for permits within ~1 mile. Brighter = higher monthly receipts.

ZIP 77002 rankings

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