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Financials

MB200092251
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The Local

2800 BLEDSOE ST, Fort Worth, TX 76107 · TABC MB200092251

Mixed Beverage Fort Worth Market Enriched 2026-06-17
$953,991 Annual gross (L12M) ▼ 9.5% latest MoM Click for monthly detail
$79,499 Avg monthly ▲ 11.0% latest vs avg Click for monthly detail
~23% Est. net margin (likely) $222,452/yr est. net Click for cost model
$556k–$779k Est. acquisition range 0.70× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,004,201 – $1,122,342/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

The Local is a mixed-beverage licensed establishment at 2800 BLEDSOE ST, Fort Worth, Texas (TABC MB200092251). Over the most recent 12 months it reported $953,991 in gross alcohol sales, averaging $79,499/month with a best month of $98,183. Sales mix: ~78% liquor · 22% beer · 0% wine. The building at this address is owned by 5C 2800 BLEDSOE LP (21,851 sqft, $6,191,914 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $222,452 (~23% margin). Acquisition value is estimated at $556k–$779k 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
$953,991
Avg monthly
$79,499
Best month
$98,183
May 2025
Sales mix
78% Liq
22% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID41504364
Property owner (landlord)5C 2800 BLEDSOE LP
Total building SF21,851
Assessed value$6,191,914

The Local's share

Est. base rent ~$34/sqft/yr · 3,500 sqft · Class A $9,918/mo
NNN CAM / insurance$1,488/mo
NNN property tax$1,984/mo
Personal property tax est — no BPP record $191/mo
Total occupancy $13,580/mo

Occupancy analysis

All-in occupancy cost is 17.1% 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 $953,991 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~33%
Revenue$953,991
COGS (24%)−$228,958
Labor (14%)−$133,559
Occupancy−$146,664
TX MB gross tax (6.7%)−$63,917
Utilities / ins / mktg (8%)−$76,319
Card surcharge net+$10,494
Net profit $315,067
Most Likely
Typical bar, light food program, full two-shift staffing
~23%
Revenue$953,991
COGS (27%)−$257,578
Labor (17%)−$162,178
Occupancy−$162,960
TX MB gross tax (6.7%)−$63,917
Utilities / ins / mktg (10%)−$95,399
Card surcharge net+$10,494
Net profit $222,452
Stressed
Heavy food, larger crew, higher rent
~12%
Revenue$953,991
COGS (30%)−$286,197
Labor (22%)−$209,878
Occupancy−$179,256
TX MB gross tax (6.7%)−$63,917
Utilities / ins / mktg (12%)−$114,479
Card surcharge net+$10,494
Net profit $110,757
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 Ck&Bt LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $222,452/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 (~$222,452 net) estimated

Revenue multiple
$477k–$763k
0.5–0.8× gross
SDE multiple
$556k–$779k
2.5–3.5× earnings
Cap rate
$674k–$890k
25–33%
Suggested range
$556k–$779k
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 2026-06-24

Lookup pending — check back tomorrow

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