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Financials

MB106205142
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Sky Blossom

1514 ELM ST STE 611, Dallas, TX 75201 · TABC MB106205142

Mixed Beverage Dallas Market Enriched 2026-07-12
$620,057 Annual gross (L12M) ▲ 23.3% latest MoM Click for monthly detail
$51,671 Avg monthly ▲ 54.6% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $158,101/yr est. net Click for cost model
$395k–$553k Est. acquisition range 0.76× 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): $652,692 – $729,479/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

Sky Blossom is a mixed-beverage licensed establishment at 1514 ELM ST STE 611, Dallas, Texas (TABC MB106205142). Over the most recent 12 months it reported $620,057 in gross alcohol sales, averaging $51,671/month with a best month of $79,906. Sales mix: ~82% liquor · 11% beer · 7% wine. The building at this address is owned by 1401 ELM STREET LLC (1,168,266 sqft, $220,000,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $158,101 (~25% margin). Acquisition value is estimated at $395k–$553k 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
$620,057
Avg monthly
$51,671
Best month
$79,906
May 2026
Sales mix
82% Liq
11% Beer · 7% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000100441000000
Property owner (landlord)1401 ELM STREET LLC
Total building SF whole parcel — Sky Blossom is in STE 6111,168,266
Sky Blossom's footprint estimated — suite-level not on file 3,500 sf
Assessed value$220,000,000

Sky Blossom's share

Est. base rent ~$19/sqft/yr · 3,500 sqft · Class B $5,492/mo
NNN CAM / insurance$824/mo
NNN property tax$1,318/mo
Personal property tax own fixtures · Prop 99211025570000000 $66/mo
Total occupancy $7,700/mo

Occupancy analysis

All-in occupancy cost is 14.9% 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 $620,057 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$620,057
COGS (24%)−$148,814
Labor (14%)−$86,808
Occupancy−$83,162
TX MB gross tax (6.7%)−$41,544
Utilities / ins / mktg (8%)−$49,605
Card surcharge net+$6,821
Net profit $216,946
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$620,057
COGS (27%)−$167,415
Labor (17%)−$105,410
Occupancy−$92,402
TX MB gross tax (6.7%)−$41,544
Utilities / ins / mktg (10%)−$62,006
Card surcharge net+$6,821
Net profit $158,101
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$620,057
COGS (30%)−$186,017
Labor (22%)−$136,413
Occupancy−$101,642
TX MB gross tax (6.7%)−$41,544
Utilities / ins / mktg (12%)−$74,407
Card surcharge net+$6,821
Net profit $86,855
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 611 Skybar LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $158,101/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 (~$158,101 net) estimated

Revenue multiple
$310k–$496k
0.5–0.8× gross
SDE multiple
$395k–$553k
2.5–3.5× earnings
Cap rate
$479k–$632k
25–33%
Suggested range
$395k–$553k
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 2026-07-09

No federal lawsuits — past or pending