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Financials

MB105504122
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Stars & Spirits

2505 PACIFIC AVE, Dallas, TX 75226 · TABC MB105504122

Mixed Beverage Dallas Market Enriched 2026-09-13
$264,949 Annual gross (L12M) Click for monthly detail
$26,495 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~-14% Est. net margin (likely) $-36,436/yr est. net Click for cost model
$132k–$-128k Est. acquisition range 0.01× 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $264,949 – $294,388/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

Stars & Spirits is a mixed-beverage licensed establishment at 2505 PACIFIC AVE, Dallas, Texas (TABC MB105504122). Over the most recent 12 months it reported $264,949 in gross alcohol sales, averaging $26,495/month with a best month of $54,775. Sales mix: ~91% liquor · 5% beer · 4% wine. The building at this address is owned by EPIC DALLAS PHASE 2 LP (716,374 sqft, $133,000,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-36,436 (~-14% margin). Acquisition value is estimated at $132k–$-128k 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
$264,949
Avg monthly
$26,495
Best month
$54,775
Oct 2025
Sales mix
91% Liq
5% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID000280000A0010000
Property owner (landlord)EPIC DALLAS PHASE 2 LP
Total building SF716,374
Assessed value$133,000,000

Stars & Spirits's share

Est. base rent ~$19/sqft/yr · 2,500 sqft · Class B $3,868/mo
NNN CAM / insurance$580/mo
NNN property tax$928/mo
Personal property tax own fixtures · Prop 99170421250000000 $6,580/mo
Total occupancy $11,956/mo

Occupancy analysis

All-in occupancy cost is 54.2% 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 $264,949 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-0%
Revenue$264,949
COGS (24%)−$63,588
Labor (14%)−$37,093
Occupancy−$129,128
TX MB gross tax (6.7%)−$17,752
Utilities / ins / mktg (8%)−$21,196
Card surcharge net+$2,914
Net profit $-893
Most Likely
Typical bar, light food program, full two-shift staffing
~-14%
Revenue$264,949
COGS (27%)−$71,536
Labor (17%)−$45,041
Occupancy−$143,476
TX MB gross tax (6.7%)−$17,752
Utilities / ins / mktg (10%)−$26,495
Card surcharge net+$2,914
Net profit $-36,436
Stressed
Heavy food, larger crew, higher rent
~-29%
Revenue$264,949
COGS (30%)−$79,485
Labor (22%)−$58,289
Occupancy−$157,823
TX MB gross tax (6.7%)−$17,752
Utilities / ins / mktg (12%)−$31,794
Card surcharge net+$2,914
Net profit $-77,279
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 Minstrel LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-36,436/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 (~$-36,436 net) estimated

Revenue multiple
$132k–$212k
0.5–0.8× gross
SDE multiple
$-91k–$-128k
2.5–3.5× earnings
Cap rate
$-110k–$-146k
25–33%
Suggested range
$132k–$-128k
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 2026-07-07

No federal lawsuits — past or pending