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Financials

MB104134146
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The Cheesecake Factory

455 COMMERCE ST, Fort Worth, TX 76102 · TABC MB104134146

Mixed Beverage Fort Worth Market Enriched 2026-06-19
$845,654 Annual gross (L12M) ▲ 22.2% latest MoM Click for monthly detail
$70,471 Avg monthly ▲ 19.1% latest vs avg Click for monthly detail
~34% Est. net margin (likely) $288,640/yr est. net Click for cost model
$722k–$846k Est. acquisition range 0.93× 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 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): $1,879,231 – $3,382,616/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

The Cheesecake Factory is a mixed-beverage licensed establishment at 455 COMMERCE ST, Fort Worth, Texas (TABC MB104134146). Over the most recent 12 months it reported $845,654 in gross alcohol sales, averaging $70,471/month with a best month of $83,944. Sales mix: ~72% liquor · 12% beer · 16% wine. The building at this address is owned by SUNDANCE EAST PARTNERS LP (114,634 sqft, $12,011,273 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $288,640 (~34% margin). Acquisition value is estimated at $722k–$846k 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
$845,654
Avg monthly
$70,471
Best month
$83,944
Apr 2026
Sales mix
72% Liq
12% Beer · 16% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID04658930
Property owner (landlord)SUNDANCE EAST PARTNERS LP
Total building SF114,634
Assessed value$12,011,273

The Cheesecake Factory's share

Est. base rent ~$10/sqft/yr · 3,500 sqft · Class B $3,056/mo
NNN CAM / insurance$458/mo
NNN property tax$733/mo
Personal property tax est — no BPP record $169/mo
Total occupancy $4,417/mo

Occupancy analysis

All-in occupancy cost is 6.3% 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 $845,654 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~43%
Revenue$845,654
COGS (24%)−$202,957
Labor (14%)−$118,392
Occupancy−$47,704
TX MB gross tax (6.7%)−$56,659
Utilities / ins / mktg (8%)−$67,652
Card surcharge net+$9,302
Net profit $361,592
Most Likely
Typical bar, light food program, full two-shift staffing
~34%
Revenue$845,654
COGS (27%)−$228,327
Labor (17%)−$143,761
Occupancy−$53,005
TX MB gross tax (6.7%)−$56,659
Utilities / ins / mktg (10%)−$84,565
Card surcharge net+$9,302
Net profit $288,640
Stressed
Heavy food, larger crew, higher rent
~24%
Revenue$845,654
COGS (30%)−$253,696
Labor (22%)−$186,044
Occupancy−$58,305
TX MB gross tax (6.7%)−$56,659
Utilities / ins / mktg (12%)−$101,478
Card surcharge net+$9,302
Net profit $198,774
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…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $288,640/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 (~$288,640 net) estimated

Revenue multiple
$423k–$677k
0.5–0.8× gross
SDE multiple
$722k–$1.01M
2.5–3.5× earnings
Cap rate
$875k–$1.15M
25–33%
Suggested range
$722k–$846k
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 $1,879,231–$3,382,616/yr in total revenue (your liquor portion of $845,654 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
$1,879k–$3,383k
food + liquor + service
Estimated net (10–15%)
$188k–$507k
restaurant margin
Full-business value
$517k–$1,860k
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