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Financials

MB106805197
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Fish N Tails Oyster Bar - Denton

501 W UNIVERSITY DR, Denton, TX 76201 · TABC MB106805197

Mixed Beverage Denton Market Enriched 2026-07-11
$294,404 Annual gross (L12M) ▲ 25.4% latest MoM Click for monthly detail
$24,534 Avg monthly ▲ 31.8% latest vs avg Click for monthly detail
~35% Est. net margin (likely) $104,181/yr est. net Click for cost model
$260k–$294k Est. acquisition range 0.94× 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): $294,404 – $327,116/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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Fish N Tails Oyster Bar - Denton is a mixed-beverage licensed establishment at 501 W UNIVERSITY DR, Denton, Texas (TABC MB106805197). Over the most recent 12 months it reported $294,404 in gross alcohol sales, averaging $24,534/month with a best month of $32,335. Sales mix: ~38% liquor · 61% beer · 1% wine. The building at this address is owned by CARROLL UNIVERSITY PARTNERS LLC (124,020 sqft, $5,398,890 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $104,181 (~35% margin). Acquisition value is estimated at $260k–$294k 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
$294,404
Avg monthly
$24,534
Best month
$32,335
May 2026
Sales mix
38% Liq
61% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID33915
Property owner (landlord)CARROLL UNIVERSITY PARTNERS LLC
Total building SF124,020
Assessed value$5,398,890

Fish N Tails Oyster Bar - Denton's share

Est. base rent ~$4/sqft/yr · 2,500 sqft · Class C $816/mo
NNN CAM / insurance$122/mo
NNN property tax$200/mo
Personal property tax est — no BPP record $92/mo
Total occupancy $1,230/mo

Occupancy analysis

All-in occupancy cost is 5.0% 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 $294,404 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~44%
Revenue$294,404
COGS (24%)−$70,657
Labor (14%)−$41,217
Occupancy−$13,282
TX MB gross tax (6.7%)−$19,725
Utilities / ins / mktg (8%)−$23,552
Card surcharge net+$3,238
Net profit $129,209
Most Likely
Typical bar, light food program, full two-shift staffing
~35%
Revenue$294,404
COGS (27%)−$79,489
Labor (17%)−$50,049
Occupancy−$14,758
TX MB gross tax (6.7%)−$19,725
Utilities / ins / mktg (10%)−$29,440
Card surcharge net+$3,238
Net profit $104,181
Stressed
Heavy food, larger crew, higher rent
~25%
Revenue$294,404
COGS (30%)−$88,321
Labor (22%)−$64,769
Occupancy−$16,234
TX MB gross tax (6.7%)−$19,725
Utilities / ins / mktg (12%)−$35,328
Card surcharge net+$3,238
Net profit $73,265
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 G.A.M. Torres Vi LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $104,181/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 (~$104,181 net) estimated

Revenue multiple
$147k–$236k
0.5–0.8× gross
SDE multiple
$260k–$365k
2.5–3.5× earnings
Cap rate
$316k–$417k
25–33%
Suggested range
$260k–$294k
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 2026-06-15

Lookup pending — check back tomorrow

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