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Financials

MB200062732
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Hilliard Center

1901 N SHORELINE BLVD, Corpus Christi, TX 78401 · TABC MB200062732

Mixed Beverage Corpus Christi Market Enriched 2026-06-15
$1,533,889 Annual gross (L12M) ▲ 46.8% latest MoM Click for monthly detail
$127,824 Avg monthly ▲ 8.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $430,946/yr est. net Click for cost model
$1,077k–$1,508k Est. acquisition range 0.84× 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $2,191,270 – $3,067,778/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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Hilliard Center is a mixed-beverage licensed establishment at 1901 N SHORELINE BLVD, Corpus Christi, Texas (TABC MB200062732). Over the most recent 12 months it reported $1,533,889 in gross alcohol sales, averaging $127,824/month with a best month of $231,777. Sales mix: ~41% liquor · 56% beer · 3% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $430,946 (~28% margin). Acquisition value is estimated at $1,077k–$1,508k 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
$1,533,889
Avg monthly
$127,824
Best month
$231,777
Jun 2025
Sales mix
41% Liq
56% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$13,422/mo
NNN CAM / insurance$2,013/mo
Total occupancy$15,729/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $1,533,889 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,533,889
COGS (24%)−$368,133
Labor (14%)−$214,744
Occupancy−$169,871
TX MB gross tax (6.7%)−$102,771
Utilities / ins / mktg (8%)−$122,711
Card surcharge net+$16,873
Net profit $572,532
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,533,889
COGS (27%)−$414,150
Labor (17%)−$260,761
Occupancy−$188,745
TX MB gross tax (6.7%)−$102,771
Utilities / ins / mktg (10%)−$153,389
Card surcharge net+$16,873
Net profit $430,946
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,533,889
COGS (30%)−$460,167
Labor (22%)−$337,456
Occupancy−$207,620
TX MB gross tax (6.7%)−$102,771
Utilities / ins / mktg (12%)−$184,067
Card surcharge net+$16,873
Net profit $258,683
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 Ovations Food Services Of Texas LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $430,946/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 (~$430,946 net) estimated

Revenue multiple
$767k–$1.23M
0.5–0.8× gross
SDE multiple
$1.08M–$1.51M
2.5–3.5× earnings
Cap rate
$1.31M–$1.72M
25–33%
Suggested range
$1,077k–$1,508k
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 2026-06-06

Lookup pending — check back tomorrow

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