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Financials

MB106067040
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Movie Tavern Hulen

4920 S HULEN ST, Fort Worth, TX 76132 · TABC MB106067040

Mixed Beverage Fort Worth Market Enriched 2026-07-10
$356,623 Annual gross (L12M) ▲ 40.9% latest MoM Click for monthly detail
$29,719 Avg monthly ▲ 51.1% latest vs avg Click for monthly detail
~36% Est. net margin (likely) $128,948/yr est. net Click for cost model
$322k–$357k Est. acquisition range 0.95× 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): $356,623 – $396,248/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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Movie Tavern Hulen is a mixed-beverage licensed establishment at 4920 S HULEN ST, Fort Worth, Texas (TABC MB106067040). Over the most recent 12 months it reported $356,623 in gross alcohol sales, averaging $29,719/month with a best month of $44,916. Sales mix: ~55% liquor · 35% beer · 9% wine. The building at this address is owned by HULEN MALL JOINT VENTURE (110,070 sqft, $4,809,627 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $128,948 (~36% margin). Acquisition value is estimated at $322k–$357k 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
$356,623
Avg monthly
$29,719
Best month
$44,916
May 2026
Sales mix
55% Liq
35% Beer · 9% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID01371436
Property owner (landlord)HULEN MALL JOINT VENTURE
Total building SF110,070
Assessed value$4,809,627

Movie Tavern Hulen's share

Est. base rent ~$4/sqft/yr · 2,500 sqft · Class C $819/mo
NNN CAM / insurance$123/mo
NNN property tax$218/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $1,261/mo

Occupancy analysis

All-in occupancy cost is 4.2% 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 $356,623 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~45%
Revenue$356,623
COGS (24%)−$85,590
Labor (14%)−$49,927
Occupancy−$13,615
TX MB gross tax (6.7%)−$23,894
Utilities / ins / mktg (8%)−$28,530
Card surcharge net+$3,923
Net profit $158,990
Most Likely
Typical bar, light food program, full two-shift staffing
~36%
Revenue$356,623
COGS (27%)−$96,288
Labor (17%)−$60,626
Occupancy−$15,128
TX MB gross tax (6.7%)−$23,894
Utilities / ins / mktg (10%)−$35,662
Card surcharge net+$3,923
Net profit $128,948
Stressed
Heavy food, larger crew, higher rent
~26%
Revenue$356,623
COGS (30%)−$106,987
Labor (22%)−$78,457
Occupancy−$16,641
TX MB gross tax (6.7%)−$23,894
Utilities / ins / mktg (12%)−$42,795
Card surcharge net+$3,923
Net profit $91,772
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 Mmt Texny LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $128,948/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 (~$128,948 net) estimated

Revenue multiple
$178k–$285k
0.5–0.8× gross
SDE multiple
$322k–$451k
2.5–3.5× earnings
Cap rate
$391k–$516k
25–33%
Suggested range
$322k–$357k
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 2026-05-29

No federal lawsuits — past or pending