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MB200065631
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Bull Nettle Sports Bar

1755 W SOUTH LOOP, Stephenville, TX 76401 · TABC MB200065631

Mixed Beverage Stephenville Market Enriched 2026-07-11
$615,691 Annual gross (L12M) ▲ 6.7% latest MoM Click for monthly detail
$51,308 Avg monthly ▼ 1.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $172,978/yr est. net Click for cost model
$432k–$605k 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): $1,368,202 – $2,462,764/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

Bull Nettle Sports Bar is a mixed-beverage licensed establishment at 1755 W SOUTH LOOP, Stephenville, Texas (TABC MB200065631). Over the most recent 12 months it reported $615,691 in gross alcohol sales, averaging $51,308/month with a best month of $54,099. Sales mix: ~48% liquor · 52% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $172,978 (~28% margin). Acquisition value is estimated at $432k–$605k 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
$615,691
Avg monthly
$51,308
Best month
$54,099
Mar 2026
Sales mix
48% Liq
52% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$5,387/mo
NNN CAM / insurance$808/mo
Total occupancy$6,313/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $615,691 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$615,691
COGS (24%)−$147,766
Labor (14%)−$86,197
Occupancy−$68,185
TX MB gross tax (6.7%)−$41,251
Utilities / ins / mktg (8%)−$49,255
Card surcharge net+$6,773
Net profit $229,810
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$615,691
COGS (27%)−$166,237
Labor (17%)−$104,667
Occupancy−$75,761
TX MB gross tax (6.7%)−$41,251
Utilities / ins / mktg (10%)−$61,569
Card surcharge net+$6,773
Net profit $172,978
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$615,691
COGS (30%)−$184,707
Labor (22%)−$135,452
Occupancy−$83,337
TX MB gross tax (6.7%)−$41,251
Utilities / ins / mktg (12%)−$73,883
Card surcharge net+$6,773
Net profit $103,833
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 Cole & Griggs INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $172,978/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 (~$172,978 net) estimated

Revenue multiple
$308k–$493k
0.5–0.8× gross
SDE multiple
$432k–$605k
2.5–3.5× earnings
Cap rate
$524k–$692k
25–33%
Suggested range
$432k–$605k
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 $1,368,202–$2,462,764/yr in total revenue (your liquor portion of $615,691 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
$1,368k–$2,463k
food + liquor + service
Estimated net (10–15%)
$137k–$369k
restaurant margin
Full-business value
$376k–$1,355k
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

Public records · last checked 2026-07-08

Lookup pending — check back tomorrow

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