Hg Sply CO / Standard Service / Leela's Wine Bar

2980 E HIGHWAY 114, Trophy Club, TX 76262 · TABC MB106202244

Mixed Beverage Trophy Club Market Enriched 2026-05-24
$2,079,977 Annual gross (L12M) ▼ 4.4% latest MoM Click for monthly detail
$173,331 Avg monthly ▼ 9.8% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $584,162/yr est. net Click for cost model
$1,460k–$2,045k Est. acquisition range 0.84× 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): $2,189,449 – $2,447,032/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

Hg Sply CO / Standard Service / Leela's Wine Bar is a mixed-beverage licensed establishment at 2980 E HIGHWAY 114, Trophy Club, Texas (TABC MB106202244). Over the most recent 12 months it reported $2,079,977 in gross alcohol sales, averaging $173,331/month with a best month of $272,347. Sales mix: ~66% liquor · 16% beer · 18% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $584,162 (~28% margin). Acquisition value is estimated at $1,460k–$2,045k 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
$2,079,977
Avg monthly
$173,331
Best month
$272,347
Dec 2025
Sales mix
66% Liq
16% Beer · 18% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$18,200/mo
NNN CAM / insurance$2,730/mo
Total occupancy$21,346/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $2,079,977 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$2,079,977
COGS (24%)−$499,194
Labor (14%)−$291,197
Occupancy−$230,534
TX MB gross tax (6.7%)−$139,358
Utilities / ins / mktg (8%)−$166,398
Card surcharge net+$22,880
Net profit $776,175
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$2,079,977
COGS (27%)−$561,594
Labor (17%)−$353,596
Occupancy−$256,149
TX MB gross tax (6.7%)−$139,358
Utilities / ins / mktg (10%)−$207,998
Card surcharge net+$22,880
Net profit $584,162
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$2,079,977
COGS (30%)−$623,993
Labor (22%)−$457,595
Occupancy−$281,764
TX MB gross tax (6.7%)−$139,358
Utilities / ins / mktg (12%)−$249,597
Card surcharge net+$22,880
Net profit $350,549
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 Hg Sply Trophy Club LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $584,162/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 (~$584,162 net) estimated

Revenue multiple
$1.04M–$1.66M
0.5–0.8× gross
SDE multiple
$1.46M–$2.04M
2.5–3.5× earnings
Cap rate
$1.77M–$2.34M
25–33%
Suggested range
$1,460k–$2,045k
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 2026-06-02

No federal lawsuits — past or pending