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Financials

MB105869555
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Cork & Pig Tavern

5224 N O CONNOR BLVD, Irving, TX 75039 · TABC MB105869555

Mixed Beverage Irving Market Enriched 2026-05-19
$1,582,683 Annual gross (L12M) ▲ 16.8% latest MoM Click for monthly detail
$131,890 Avg monthly ▲ 11.4% latest vs avg Click for monthly detail
~30% Est. net margin (likely) $471,972/yr est. net Click for cost model
$1,180k–$1,583k Est. acquisition range 0.87× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,665,982 – $1,861,980/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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Cork & Pig Tavern is a mixed-beverage licensed establishment at 5224 N O CONNOR BLVD, Irving, Texas (TABC MB105869555). Over the most recent 12 months it reported $1,582,683 in gross alcohol sales, averaging $131,890/month with a best month of $146,936. Sales mix: ~57% liquor · 14% beer · 29% wine. The building at this address is owned by WATER STREET OCONNOR LP (607,694 sqft, $122,395,200 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $471,972 (~30% margin). Acquisition value is estimated at $1,180k–$1,583k 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
$1,582,683
Avg monthly
$131,890
Best month
$146,936
Mar 2026
Sales mix
57% Liq
14% Beer · 29% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID322004100A0010000
Property owner (landlord)WATER STREET OCONNOR LP
Total building SF607,694
Assessed value$122,395,200

Cork & Pig Tavern's share

Est. base rent ~$24/sqft/yr · 5,000 sqft · Class A $10,070/mo
NNN CAM / insurance$1,511/mo
NNN property tax$2,014/mo
Personal property tax own fixtures · Prop 99230302108000000 $358/mo
Total occupancy $13,953/mo

Occupancy analysis

All-in occupancy cost is 10.6% 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 $1,582,683 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$1,582,683
COGS (24%)−$379,844
Labor (14%)−$221,576
Occupancy−$150,688
TX MB gross tax (6.7%)−$106,040
Utilities / ins / mktg (8%)−$126,615
Card surcharge net+$17,410
Net profit $615,330
Most Likely
Typical bar, light food program, full two-shift staffing
~30%
Revenue$1,582,683
COGS (27%)−$427,324
Labor (17%)−$269,056
Occupancy−$167,432
TX MB gross tax (6.7%)−$106,040
Utilities / ins / mktg (10%)−$158,268
Card surcharge net+$17,410
Net profit $471,972
Stressed
Heavy food, larger crew, higher rent
~19%
Revenue$1,582,683
COGS (30%)−$474,805
Labor (22%)−$348,190
Occupancy−$184,175
TX MB gross tax (6.7%)−$106,040
Utilities / ins / mktg (12%)−$189,922
Card surcharge net+$17,410
Net profit $296,961
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 Cork & Pig Tavern - Water Street LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $471,972/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 (~$471,972 net) estimated

Revenue multiple
$791k–$1.27M
0.5–0.8× gross
SDE multiple
$1.18M–$1.65M
2.5–3.5× earnings
Cap rate
$1.43M–$1.89M
25–33%
Suggested range
$1,180k–$1,583k
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 2026-06-05

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