Surrendered

City Council Restaurant Inc

2901 THOMAS AVE, Dallas, TX 75204 · Dallas County
Latest receipts
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Trailing 12
$527K
…
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All-time peak
$65K
Oct 2020
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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 Dallas
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In ZIP 75204
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In Dallas County
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Statewide
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2022
License issued
Nov 2022
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: City Council Restaurant Inc
City: Dallas, TX · Dallas County
Address: 2901 Thomas Ave, TX 75204
TABC permit number: MB106860799
Owner / operator: City Council Restaurant INC.
Trailing 12-month mixed beverage receipts: $527,080
Latest health inspection score: 90 (Mar 19, 2020) · Dallas inspection
Estimated business value: $289,502 (midpoint, EBITDA-multiple model)
Source: BoozeReports.com — Texas bar & alcohol-permit intelligence platform.
City Council Restaurant Inc reported $5.6K in March 2023.

Trailing-12 receipts: $527K (-88.4% YoY, -86.4% MoM). Clean compliance record. Located in Dallas.

What is this bar worth?

Back-of-envelope · Pro only
Low (-5% margin)
$140K
2.25× EBITDA
Mid (14% margin)Likely
$290K
3.0× EBITDA
High (32% margin)
$669K
3.75× EBITDA
Pro · valuation
Acquisition-grade estimate.
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Based on trailing-12-month gross of $527,080, 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

CITY COUNCIL RESTAURANT INC is a Mixed Beverage located in DALLAS, Texas. In March 2023, it reported $5,627 in total mixed beverage sales. Its average monthly sales over the last 12 months were $43,923. Its highest-grossing month in that period was October 2022 with $55,642 in sales. Sales have decreased by 35% compared to earlier in the period. Its sales mix is approximately 80% liquor, 11% beer, and 9% wine. The establishment currently holds an Surrendered TABC license. Its BoozeReports audit risk score is rated medium based on some irregular sales patterns or minor compliance issues.

ZIP 75204 performance

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Location

2901 THOMAS AVE
DALLAS, TX 75204
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License

Permit typeMixed Beverage
NumberMB106860799
Status ● Surrendered
First filing2015-11-30
Renewed2022-11-22
Expires2024-10-15
Health score 90 · Dallas inspection · Mar 19, 2020 →
Sales tax filingCurrent
Entity registeredActive
Franchise tax Below No Tax Due threshold
Trade nameCITY COUNCIL RESTAURANT INC.
Officers Michael Kim President
Sibling entities
10 other venues share an officer
Blackfriar Pub · Dallas
via Michael Kim (Director)
Blackfriar Pub Lakewood · Dallas
via Michael Kim (President)
Sugarbacon Llc · Mckinney
via Michael Kim (President)
String Bean Restaurant · Richardson
via Michael Kim (President)
Taste Of Chicago · Addison
via Michael Kim (Director)
Sugarbacon · Allen
via Michael Kim (Director)
Mad For Chicken · Mckinney
via Michael Kim (Director)
Mad For Chicken · Mckinney
via Michael Kim (Director)
Sugarbacon Llc · Mckinney
via Michael Kim (President)
Blackfriar Pub · Dallas
via Michael Kim (Director)
Inferred from shared officer / manager filings — not a confirmed parent relationship.

Audit risk

M
MEDIUM
1 factor flagged
  • Revenue collapsed to 11% of historical average ($5,627 vs $48,022/mo avg)
Sales-tax cross-check
Sales-tax filings $527,080 vs gross $527,080 over 12 overlapping months — filings match (gap 0.0%).
View methodology →

Federal court history

Public records
No federal lawsuits — past or pending
Public records, last checked 2026-06-27

Peer comparison

Dallas
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Location · CITY COUNCIL RESTAURANT INC

2901 THOMAS AVE, DALLAS, TX 75204

Heatmap · ZIP 75204

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

ZIP 75204 rankings

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