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Financials

MB105889386
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Truck Yard/Beard Science

5959 GROVE LANE, The Colony, TX 75056 · TABC MB105889386

Mixed Beverage The Colony Market Enriched 2026-05-24
$4,448,089 Annual gross (L12M) ▼ 15.4% latest MoM Click for monthly detail
$370,674 Avg monthly ▼ 0.2% latest vs avg Click for monthly detail
~39% Est. net margin (likely) $1,746,493/yr est. net Click for cost model
$4,366k–$4,448k Est. acquisition range 0.99× 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 Beer Bar, liquor is typically only 90–98% of total business revenue. Beer-only, minimal food. Estimated total revenue (rough): $4,538,866 – $4,942,321/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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Truck Yard/Beard Science is a mixed-beverage licensed establishment at 5959 GROVE LANE, The Colony, Texas (TABC MB105889386). Over the most recent 12 months it reported $4,448,089 in gross alcohol sales, averaging $370,674/month with a best month of $553,360. Sales mix: ~62% liquor · 37% beer · 1% wine. The building at this address is owned by LMG VENTURES LLC (150,497 sqft, $7,200,716 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,746,493 (~39% margin). Acquisition value is estimated at $4,366k–$4,448k 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
$4,448,089
Avg monthly
$370,674
Best month
$553,360
May 2025
Sales mix
62% Liq
37% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID732382
Property owner (landlord)LMG VENTURES LLC
Total building SF150,497
Assessed value$7,200,716

Truck Yard/Beard Science's share

Est. base rent ~$4/sqft/yr · 7,500 sqft · Class C $2,691/mo
NNN CAM / insurance$404/mo
NNN property tax$658/mo
Personal property tax est — no BPP record $458/mo
Total occupancy $4,211/mo

Occupancy analysis

All-in occupancy cost is 1.1% 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 $4,448,089 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~47%
Revenue$4,448,089
COGS (24%)−$1,067,541
Labor (14%)−$622,732
Occupancy−$45,482
TX MB gross tax (6.7%)−$298,022
Utilities / ins / mktg (8%)−$355,847
Card surcharge net+$48,929
Net profit $2,107,393
Most Likely
Typical bar, light food program, full two-shift staffing
~39%
Revenue$4,448,089
COGS (27%)−$1,200,984
Labor (17%)−$756,175
Occupancy−$50,535
TX MB gross tax (6.7%)−$298,022
Utilities / ins / mktg (10%)−$444,809
Card surcharge net+$48,929
Net profit $1,746,493
Stressed
Heavy food, larger crew, higher rent
~29%
Revenue$4,448,089
COGS (30%)−$1,334,427
Labor (22%)−$978,580
Occupancy−$55,589
TX MB gross tax (6.7%)−$298,022
Utilities / ins / mktg (12%)−$533,771
Card surcharge net+$48,929
Net profit $1,296,630
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 Truck Yard Nmtx LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,746,493/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 (~$1,746,493 net) estimated

Revenue multiple
$2.22M–$3.56M
0.5–0.8× gross
SDE multiple
$4.37M–$6.11M
2.5–3.5× earnings
Cap rate
$5.29M–$6.99M
25–33%
Suggested range
$4,366k–$4,448k
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

1 case on file · public records

1 federal case
As plaintiff in 1
Most recent filing
Truck Yard NMTX LLC v. Endurance American Specialty Insurance Company
TXND · 2024-02-15 · CLOSED
Public records, last checked 2026-06-09