The Cheesecake Factory

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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $1,575,329 – $2,835,592/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.

Executive Summary

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The Cheesecake Factory is a mixed-beverage licensed establishment at 1450 W BAY AREA BLVD, Friendswood, Texas (TABC MB103317154). Over the most recent 12 months it reported $708,898 in gross alcohol sales, averaging $59,075/month with a best month of $68,779. Sales mix: ~72% liquor · 12% beer · 16% wine. The building at this address is owned by OWRF BAYBROOK LLC (166,228 sqft, $39,871,774 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $148,692 (~21% margin). Acquisition value is estimated at $372k–$520k 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

$708,898

Avg monthly

$59,075

Best month

$68,779

Apr 2026

Sales mix

72% Liq

12% Beer · 16% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1167680030001

Property owner (landlord)OWRF BAYBROOK LLC

Total building SF166,228

Assessed value$39,871,774

The Cheesecake Factory's share

Est. base rent ~$29/sqft/yr · 3,500 sqft · Class A $8,395/mo

NNN CAM / insurance$1,259/mo

NNN property tax$1,679/mo

Personal property tax est — no BPP record $142/mo

Total occupancy $11,475/mo

Occupancy analysis

All-in occupancy cost is 19.4% 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 $708,898 gross revenue estimated

Best Case

No kitchen, efficient staffing, favorable lease

~31%

Revenue$708,898

COGS (24%)−$170,136

Labor (14%)−$99,246

Occupancy−$123,933

TX MB gross tax (6.7%)−$47,496

Utilities / ins / mktg (8%)−$56,712

Card surcharge net+$7,798

Net profit $219,174

Most Likely

Typical bar, light food program, full two-shift staffing

~21%

Revenue$708,898

COGS (27%)−$191,402

Labor (17%)−$120,513

Occupancy−$137,703

TX MB gross tax (6.7%)−$47,496

Utilities / ins / mktg (10%)−$70,890

Card surcharge net+$7,798

Net profit $148,692

Stressed

Heavy food, larger crew, higher rent

~9%

Revenue$708,898

COGS (30%)−$212,669

Labor (22%)−$155,958

Occupancy−$151,473

TX MB gross tax (6.7%)−$47,496

Utilities / ins / mktg (12%)−$85,068

Card surcharge net+$7,798

Net profit $64,032

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 The Houston Cheesecake Factory Corporation looking up officers…

Number of owners

Ownership split

Equal split (50% each)

Based on the "Most Likely" scenario net profit of $148,692/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 (~$148,692 net) estimated

Revenue multiple

$354k–$567k

0.5–0.8× gross

SDE multiple

$372k–$520k

2.5–3.5× earnings

Cap rate

$451k–$595k

25–33%

Suggested range

$372k–$520k

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.

Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $1,575,329–$2,835,592/yr in total revenue (your liquor portion of $708,898 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue

$1,575k–$2,836k

food + liquor + service

Estimated net (10–15%)

$158k–$425k

restaurant margin

Full-business value

$433k–$1,560k

blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

1 case on file · public records

1 federal case

1 ADA

1 civil rights

Most recent filing

Guillermo Robles v. The Cheesecake Factory Inc.

CACD · 2016-10-03 · CLOSED

Public records, last checked 2026-05-22

Financials

Executive Summary

Sales performance · last 12 months

Property & occupancy

Occupancy analysis

Profit scenarios

Owner income estimator

Acquisition value estimate

If you're buying the whole restaurant, not just the bar program

Federal court history