Palapas Bar & Restaurant

227 N WATER ST, Corpus Christi, TX 78401 · Nueces County
Latest receipts
Click for monthly breakdown
Trailing 12
$136K
Click for YoY comparison
All-time peak
$26K
Jun 2026
Click for ranked months
Liquor split
Click for full breakdown
Per open day
est. 30 days
Click vs category avg

How they stack up

In Corpus Christi
In ZIP 78401
In Nueces County
Statewide
2025
License issued
Aug 2025
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: Palapas Bar & Restaurant
City: Corpus Christi, TX · Nueces County
Address: 227 N Water St, TX 78401
TABC permit number: MB105369729
Owner / operator: Palapas Bar & Restaurant LLC
Trailing 12-month mixed beverage receipts: $135,860
Estimated business value: $137,712 (midpoint, EBITDA-multiple model)
Source: BoozeReports.com — Texas bar & alcohol-permit intelligence platform.
Palapas Bar & Restaurant Year-End Sales Review

Palapas Bar & Restaurant in Corpus Christi, Nueces County generated $69,000 in trailing-12-month receipts, outpacing the local market average but falling short of top-performing establishments in the city. This positioning highlights opportunities for targeted growth initiatives to drive revenue expansion and enhance the bar's market standing.

What is this bar worth?

Back-of-envelope · Pro only
Low (-5% margin)
$99K
2.25× EBITDA
Mid (14% margin)Likely
$138K
3.0× EBITDA
High (32% margin)
$236K
3.75× EBITDA
Pro · valuation
Acquisition-grade estimate.
Start free trial →

Based on trailing-12-month gross of $135,860, applying contribution margins of -5–32% and EBITDA multiples of 2.25–3.75×. Confidence: low. Not a formal appraisal — anchor for diligence conversations.

Unlock full analysis →

Sales history · monthly gross receipts

Monthly filings · last 12

Download JSON ↓
Month Total Liquor Beer Wine MoM
Loading monthly filings…

About this establishment

PALAPAS BAR & RESTAURANT is a Mixed Beverage located in CORPUS CHRISTI, Texas. In June 2026, it reported $26,344 in total mixed beverage sales. Its average monthly sales over the last 9 months were $15,096. Its highest-grossing month in that period was June 2026 with $26,344 in sales. Sales have increased by 150% compared to earlier in the period. Its sales mix is approximately 65% liquor, 29% beer, and 6% wine. The establishment currently holds an Active TABC license. Its BoozeReports audit risk score is rated low with no significant compliance concerns detected.

ZIP 78401 performance

See full rankings →
Loading nearby bars…

Location

227 N WATER ST
CORPUS CHRISTI, TX 78401
Open in Maps

License

Permit typeMixed Beverage
NumberMB105369729
Status ● Active
First filing2017-08-31
Renewed2025-08-25
Expires2027-08-13
Sales tax filingCurrent
Entity registeredActive
Franchise tax Below No Tax Due threshold
Trade nameLA PLAYA BY THE BAY
Officers Mario Martinez Owner

Audit risk

L
LOW
No flags detected
Sales-tax cross-check
Sales-tax filings $105,276 vs gross $109,516 over 8 overlapping months — gap of 3.9% (expected ~0%).
1/8 months below 85% ratio.
View methodology →

Peer comparison

Corpus Christi
Loading peers…

Location · PALAPAS BAR & RESTAURANT

227 N WATER ST, CORPUS CHRISTI, TX 78401

Heatmap · ZIP 78401

Loading nearby receipts…

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

ZIP 78401 rankings

Loading…