← VELVET OAK TAVERN MB106700529

Velvet Oak Tavern

2221 W ALABAMA ST, Houston, TX 77098 · Harris County
Latest receipts
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Trailing 12
$834K
…
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All-time peak
$95K
May 2026
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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 77098
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In Harris County
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Statewide
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2026
License issued
Jun 2026
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: Velvet Oak Tavern
City: Houston, TX · Harris County
Address: 2221 W Alabama St, TX 77098
TABC permit number: MB106700529
Owner / operator: Abbjr Enterprises, LLC
Trailing 12-month mixed beverage receipts: $833,803
Latest health inspection score: 98 (Aug 28, 2014) · Houston inspection
Estimated business value: $410,062 (midpoint, EBITDA-multiple model)
Source: BoozeReports.com — Texas bar & alcohol-permit intelligence platform.
Velvet Oak Tavern posts monthly sales modestly below its Houston average.

For the most recent month, Velvet Oak Tavern recorded $55,983 in receipts, which sits about 6% under its 12‑month average of $69,797. Compared with typical Houston bars, this dip suggests slightly lower short‑term performance while still aligning with city‑wide revenue trends.

What is this bar worth?

Back-of-envelope · Pro only
Low (-5% margin)
$173K
2.25× EBITDA
Mid (14% margin)Likely
$410K
3.0× EBITDA
High (32% margin)
$1.0M
3.75× EBITDA
Pro · valuation
Acquisition-grade estimate.
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Based on trailing-12-month gross of $833,803, 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

VELVET OAK TAVERN is a Mixed Beverage located in HOUSTON, Texas. In August 2026, it reported $55,983 in total mixed beverage sales. Its average monthly sales over the last 12 months were $69,484. Its highest-grossing month in that period was May 2026 with $95,060 in sales. Sales have remained relatively stable. Its sales mix is approximately 57% liquor, 41% beer, and 3% wine. The establishment currently holds an Active TABC license. Its BoozeReports audit risk score is rated low with no significant compliance concerns detected.

ZIP 77098 performance

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Location

2221 W ALABAMA ST
HOUSTON, TX 77098
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License

Permit typeMixed Beverage
NumberMB106700529
Status ● Active
First filing2020-05-31
Renewed2026-06-12
Expires2028-05-13
Footprint 2,500 sf · free-standing building
Health score 98 · Houston inspection · Aug 28, 2014 →
Sales tax filingCurrent
Entity registeredActive
Franchise tax Below No Tax Due threshold
Trade nameVelvet Oak Tavern
Officers Jeremy Wagoner Manager
Xiaoyun Peng Manager
Sibling entities
2 other venues share an officer
Texas T Tavern · Houston
via Xiaoyun Peng (Manager)
Texas T Tavern · Houston
via Xiaoyun Peng (Manager)
Inferred from shared officer / manager filings — not a confirmed parent relationship.

Audit risk

L
LOW
No flags detected
Sales-tax cross-check
Sales-tax filings $833,784 vs gross $833,803 over 12 overlapping months — filings match (gap 0.0%).
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Texas state & county records

Public records
1 tax lien filed
Amount not available from this county's index
2025-06-09 — LIEN
Some sources limit how many records they return, so counts may be a minimum rather than a total.
Public records, last checked 2026-10-11 06:41

Federal court history

Public records
No federal lawsuits — past or pending
Public records, last checked 2026-06-24

Peer comparison

Houston
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Location · VELVET OAK TAVERN

2221 W ALABAMA ST, HOUSTON, TX 77098

Heatmap · ZIP 77098

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

ZIP 77098 rankings

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