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MB200088008
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Velvet Taco - Grandscape (Dba)

5350 NEBRASKA FURNITURE MART DR, The Colony, TX 75056 · TABC MB200088008

Mixed Beverage The Colony Market Enriched 2026-07-10
$267,910 Annual gross (L12M) ▲ 12.9% latest MoM Click for monthly detail
$22,326 Avg monthly ▼ 15.2% latest vs avg Click for monthly detail
~33% Est. net margin (likely) $87,379/yr est. net Click for cost model
$218k–$268k Est. acquisition range 0.91× 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 Mexican Restaurant, liquor is typically only 20–35% of total business revenue. Mexican restaurant. Margaritas + tequila lift the liquor share but food still dominates. Estimated total revenue (rough): $765,457 – $1,339,550/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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Velvet Taco - Grandscape (Dba) is a mixed-beverage licensed establishment at 5350 NEBRASKA FURNITURE MART DR, The Colony, Texas (TABC MB200088008). Over the most recent 12 months it reported $267,910 in gross alcohol sales, averaging $22,326/month with a best month of $29,542. Sales mix: ~90% liquor · 10% beer · 0% wine. The building at this address is owned by LMG VENTURES LLC (42,206 sqft, $2,657,667 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $87,379 (~33% margin). Acquisition value is estimated at $218k–$268k 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
$267,910
Avg monthly
$22,326
Best month
$29,542
Oct 2025
Sales mix
90% Liq
10% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID692381
Property owner (landlord)LMG VENTURES LLC
Total building SF42,206
Assessed value$2,657,667

Velvet Taco - Grandscape (Dba)'s share

Est. base rent ~$6/sqft/yr · 2,500 sqft · Class C $1,181/mo
NNN CAM / insurance$177/mo
NNN property tax$289/mo
Personal property tax est — no BPP record $92/mo
Total occupancy $1,738/mo

Occupancy analysis

All-in occupancy cost is 7.8% 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 $267,910 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~41%
Revenue$267,910
COGS (24%)−$64,298
Labor (14%)−$37,507
Occupancy−$18,771
TX MB gross tax (6.7%)−$17,950
Utilities / ins / mktg (8%)−$21,433
Card surcharge net+$2,947
Net profit $110,898
Most Likely
Typical bar, light food program, full two-shift staffing
~33%
Revenue$267,910
COGS (27%)−$72,336
Labor (17%)−$45,545
Occupancy−$20,857
TX MB gross tax (6.7%)−$17,950
Utilities / ins / mktg (10%)−$26,791
Card surcharge net+$2,947
Net profit $87,379
Stressed
Heavy food, larger crew, higher rent
~22%
Revenue$267,910
COGS (30%)−$80,373
Labor (22%)−$58,940
Occupancy−$22,942
TX MB gross tax (6.7%)−$17,950
Utilities / ins / mktg (12%)−$32,149
Card surcharge net+$2,947
Net profit $58,502
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 Taco Libre Beverage Holding LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $87,379/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 (~$87,379 net) estimated

Revenue multiple
$134k–$214k
0.5–0.8× gross
SDE multiple
$218k–$306k
2.5–3.5× earnings
Cap rate
$265k–$350k
25–33%
Suggested range
$218k–$268k
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 · Mexican Restaurant

If you're buying the whole restaurant, not just the bar program

We estimate this mexican restaurant pulls $765,457–$1,339,550/yr in total revenue (your liquor portion of $267,910 is roughly 20–35% 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
$765k–$1,340k
food + liquor + service
Estimated net (10–15%)
$77k–$201k
restaurant margin
Full-business value
$211k–$737k
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 2026-06-27

Lookup pending — check back tomorrow

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