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MB1063819
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P F Chang's China Bistro

5752 GRANDSCAPE DR STE 105, The Colony, TX 75056 · TABC MB1063819

Mixed Beverage The Colony Market Enriched 2026-08-08
$357,645 Annual gross (L12M) ▼ 23.2% latest MoM Click for monthly detail
$29,804 Avg monthly ▼ 8.1% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $100,203/yr est. net Click for cost model
$251k–$351k 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $794,767 – $1,430,580/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

P F Chang's China Bistro is a mixed-beverage licensed establishment at 5752 GRANDSCAPE DR STE 105, The Colony, Texas (TABC MB1063819). Over the most recent 12 months it reported $357,645 in gross alcohol sales, averaging $29,804/month with a best month of $40,136. Sales mix: ~63% liquor · 16% beer · 21% wine. The building at this address is owned by $0 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $100,203 (~28% margin). Acquisition value is estimated at $251k–$351k 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
$357,645
Avg monthly
$29,804
Best month
$40,136
Dec 2025
Sales mix
63% Liq
16% Beer · 21% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID748389
P F Chang's China Bistro's footprint estimated — suite-level not on file 2,500 sf
Assessed value$0

P F Chang's China Bistro's share

Est. base rent ~$15/sqft/yr · 2,500 sqft $3,129/mo
NNN CAM / insurance$469/mo
NNN property tax$0/mo
Personal property tax est — no BPP record $92/mo
Total occupancy $3,690/mo

Occupancy analysis

All-in occupancy cost is 12.4% 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 $357,645 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$357,645
COGS (24%)−$85,835
Labor (14%)−$50,070
Occupancy−$39,857
TX MB gross tax (6.7%)−$23,962
Utilities / ins / mktg (8%)−$28,612
Card surcharge net+$3,934
Net profit $133,243
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$357,645
COGS (27%)−$96,564
Labor (17%)−$60,800
Occupancy−$44,286
TX MB gross tax (6.7%)−$23,962
Utilities / ins / mktg (10%)−$35,764
Card surcharge net+$3,934
Net profit $100,203
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$357,645
COGS (30%)−$107,294
Labor (22%)−$78,682
Occupancy−$48,714
TX MB gross tax (6.7%)−$23,962
Utilities / ins / mktg (12%)−$42,917
Card surcharge net+$3,934
Net profit $60,010
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 P.F.C.C.B. Texas INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $100,203/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 (~$100,203 net) estimated

Revenue multiple
$179k–$286k
0.5–0.8× gross
SDE multiple
$251k–$351k
2.5–3.5× earnings
Cap rate
$304k–$401k
25–33%
Suggested range
$251k–$351k
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.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $794,767–$1,430,580/yr in total revenue (your liquor portion of $357,645 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$795k–$1,431k
food + liquor + service
Estimated net (10–15%)
$79k–$215k
restaurant margin
Full-business value
$219k–$787k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

2 cases on file · public records

2 federal cases
As defendant in 1 case
Most recent filing
Qasim v. P.F. Chang's China Bistro, Inc.
TXSD · 2022-08-25 · CLOSED
Public records, last checked 2026-05-22