← Benihana /

Financials

MB1128504
Dashboard › Benihana › Financial Intelligence

Benihana

5000 BELT LINE RD STE 600, Dallas, TX 75254 · TABC MB1128504

Mixed Beverage Dallas Market Enriched 2026-07-11
$458,952 Annual gross (L12M) ▲ 35.0% latest MoM Click for monthly detail
$38,246 Avg monthly ▲ 11.9% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $100,347/yr est. net Click for cost model
$251k–$351k Est. acquisition range 0.66× annual gross (blended) Click for valuation methods
← Back to Benihana My bars

Executive Summary

Click to expand full narrative

Benihana is a mixed-beverage licensed establishment at 5000 BELT LINE RD STE 600, Dallas, Texas (TABC MB1128504). Over the most recent 12 months it reported $458,952 in gross alcohol sales, averaging $38,246/month with a best month of $58,232. Sales mix: ~59% liquor · 15% beer · 26% wine. The building at this address is owned by SPECTRUM DRIVE OWNER LLC (475,545 sqft, $85,598,250 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $100,347 (~22% 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
$458,952
Avg monthly
$38,246
Best month
$58,232
Dec 2025
Sales mix
59% Liq
15% Beer · 26% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID10005530030019900
Property owner (landlord)SPECTRUM DRIVE OWNER LLC
Total building SF whole parcel — Benihana is in STE 600475,545
Benihana's footprint estimated — suite-level not on file 2,500 sf
Assessed value$85,598,250

Benihana's share

Est. base rent ~$18/sqft/yr · 2,500 sqft · Class B $3,750/mo
NNN CAM / insurance$563/mo
NNN property tax$900/mo
Personal property tax own fixtures · Prop 99221006500000000 $1,877/mo
Total occupancy $7,089/mo

Occupancy analysis

All-in occupancy cost is 18.5% 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 $458,952 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$458,952
COGS (24%)−$110,148
Labor (14%)−$64,253
Occupancy−$76,562
TX MB gross tax (6.7%)−$30,750
Utilities / ins / mktg (8%)−$36,716
Card surcharge net+$5,048
Net profit $145,570
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$458,952
COGS (27%)−$123,917
Labor (17%)−$78,022
Occupancy−$85,069
TX MB gross tax (6.7%)−$30,750
Utilities / ins / mktg (10%)−$45,895
Card surcharge net+$5,048
Net profit $100,347
Stressed
Heavy food, larger crew, higher rent
~10%
Revenue$458,952
COGS (30%)−$137,686
Labor (22%)−$100,969
Occupancy−$93,576
TX MB gross tax (6.7%)−$30,750
Utilities / ins / mktg (12%)−$55,074
Card surcharge net+$5,048
Net profit $45,945
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 Benihana Addison CORP looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $100,347/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 (~$100,347 net) estimated

Revenue multiple
$229k–$367k
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.

Federal court history

Public records · last checked 2026-08-18

No federal lawsuits — past or pending