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Financials

MB200060002
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Black Tap Craft Burgers & Beer

2475 VICTORY PARK LN STE 120, Dallas, TX 75219 · TABC MB200060002

Mixed Beverage Dallas Market Enriched 2026-06-19
$835,224 Annual gross (L12M) ▼ 21.9% latest MoM Click for monthly detail
$69,602 Avg monthly ▼ 5.0% latest vs avg Click for monthly detail
~27% Est. net margin (likely) $224,340/yr est. net Click for cost model
$561k–$785k Est. acquisition range 0.81× 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): $835,224 – $928,027/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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Black Tap Craft Burgers & Beer is a mixed-beverage licensed establishment at 2475 VICTORY PARK LN STE 120, Dallas, Texas (TABC MB200060002). Over the most recent 12 months it reported $835,224 in gross alcohol sales, averaging $69,602/month with a best month of $91,284. Sales mix: ~61% liquor · 35% beer · 4% wine. The building at this address is owned by VICTORY HOTEL DUNHILL HN LLC (278,628 sqft, $53,366,820 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $224,340 (~27% margin). Acquisition value is estimated at $561k–$785k 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
$835,224
Avg monthly
$69,602
Best month
$91,284
Nov 2025
Sales mix
61% Liq
35% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00C05450000000A00
Property owner (landlord)VICTORY HOTEL DUNHILL HN LLC
Total building SF whole parcel — Black Tap Craft Burgers & Beer is in STE 120278,628
Black Tap Craft Burgers & Beer's footprint estimated — suite-level not on file 3,500 sf
Assessed value$53,366,820

Black Tap Craft Burgers & Beer's share

Est. base rent ~$19/sqft/yr · 3,500 sqft · Class B $5,586/mo
NNN CAM / insurance$838/mo
NNN property tax$1,341/mo
Personal property tax own fixtures · Prop 99230913700000000 $1,659/mo
Total occupancy $9,424/mo

Occupancy analysis

All-in occupancy cost is 13.5% 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 $835,224 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~36%
Revenue$835,224
COGS (24%)−$200,454
Labor (14%)−$116,931
Occupancy−$101,781
TX MB gross tax (6.7%)−$55,960
Utilities / ins / mktg (8%)−$66,818
Card surcharge net+$9,187
Net profit $302,467
Most Likely
Typical bar, light food program, full two-shift staffing
~27%
Revenue$835,224
COGS (27%)−$225,510
Labor (17%)−$141,988
Occupancy−$113,090
TX MB gross tax (6.7%)−$55,960
Utilities / ins / mktg (10%)−$83,522
Card surcharge net+$9,187
Net profit $224,340
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$835,224
COGS (30%)−$250,567
Labor (22%)−$183,749
Occupancy−$124,399
TX MB gross tax (6.7%)−$55,960
Utilities / ins / mktg (12%)−$100,227
Card surcharge net+$9,187
Net profit $129,509
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 Bt Dallas LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $224,340/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 (~$224,340 net) estimated

Revenue multiple
$418k–$668k
0.5–0.8× gross
SDE multiple
$561k–$785k
2.5–3.5× earnings
Cap rate
$680k–$897k
25–33%
Suggested range
$561k–$785k
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 2026-07-02

Lookup pending — check back tomorrow

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