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Financials

MB200069344
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Twin Peaks

13740 RACEWAY DR, Northlake, TX 76262 · TABC MB200069344

Mixed Beverage Northlake Market Enriched 2026-05-24
$2,448,800 Annual gross (L12M) ▼ 1.9% latest MoM Click for monthly detail
$204,067 Avg monthly ▼ 3.3% latest vs avg Click for monthly detail
~38% Est. net margin (likely) $923,298/yr est. net Click for cost model
$2,308k–$2,449k Est. acquisition range 0.97× 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $3,498,286 – $4,897,600/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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Twin Peaks is a mixed-beverage licensed establishment at 13740 RACEWAY DR, Northlake, Texas (TABC MB200069344). Over the most recent 12 months it reported $2,448,800 in gross alcohol sales, averaging $204,067/month with a best month of $251,080. Sales mix: ~37% liquor · 62% beer · 1% wine. The building at this address is owned by RYNAKO LP (64,450 sqft, $4,151,494 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $923,298 (~38% margin). Acquisition value is estimated at $2,308k–$2,449k 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
$2,448,800
Avg monthly
$204,067
Best month
$251,080
May 2025
Sales mix
37% Liq
62% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID995260
Property owner (landlord)RYNAKO LP
Total building SF64,450
Assessed value$4,151,494

Twin Peaks's share

Est. base rent ~$6/sqft/yr · 7,500 sqft · Class C $3,623/mo
NNN CAM / insurance$543/mo
NNN property tax$886/mo
Personal property tax est — no BPP record $449/mo
Total occupancy $5,501/mo

Occupancy analysis

All-in occupancy cost is 2.7% 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 $2,448,800 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~46%
Revenue$2,448,800
COGS (24%)−$587,712
Labor (14%)−$342,832
Occupancy−$59,415
TX MB gross tax (6.7%)−$164,070
Utilities / ins / mktg (8%)−$195,904
Card surcharge net+$26,937
Net profit $1,125,804
Most Likely
Typical bar, light food program, full two-shift staffing
~38%
Revenue$2,448,800
COGS (27%)−$661,176
Labor (17%)−$416,296
Occupancy−$66,017
TX MB gross tax (6.7%)−$164,070
Utilities / ins / mktg (10%)−$244,880
Card surcharge net+$26,937
Net profit $923,298
Stressed
Heavy food, larger crew, higher rent
~27%
Revenue$2,448,800
COGS (30%)−$734,640
Labor (22%)−$538,736
Occupancy−$72,619
TX MB gross tax (6.7%)−$164,070
Utilities / ins / mktg (12%)−$293,856
Card surcharge net+$26,937
Net profit $671,816
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 Twin Restaurant Northlake Beverage Holding LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $923,298/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 (~$923,298 net) estimated

Revenue multiple
$1.22M–$1.96M
0.5–0.8× gross
SDE multiple
$2.31M–$3.23M
2.5–3.5× earnings
Cap rate
$2.80M–$3.69M
25–33%
Suggested range
$2,308k–$2,449k
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

1 case on file · 1 currently open · public records

1 federal case
1 currently open
1 bankruptcy
Most recent filing
Twin Restaurant Northlake Beverage Holding, LLC <b><font color="red">Jointly Administered under 26-90126.</font></b>
TXSB · 2026-01-26 · OPEN
Public records, last checked 2026-05-29