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MB200094667
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Hickory Bbq

2333 S INTERNATIONAL PKWY C/O TERM D SC122 GATE 22, Dallas, TX 75261 · TABC MB200094667

Mixed Beverage Dallas Market Enriched 2026-07-11
$731,063 Annual gross (L12M) ▲ 15.8% latest MoM Click for monthly detail
$60,922 Avg monthly ▼ 19.5% latest vs avg Click for monthly detail
~33% Est. net margin (likely) $239,433/yr est. net Click for cost model
$599k–$731k Est. acquisition range 0.91× annual gross (blended) Click for valuation methods
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Executive Summary

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Hickory Bbq is a mixed-beverage licensed establishment at 2333 S INTERNATIONAL PKWY C/O TERM D SC122 GATE 22, Dallas, Texas (TABC MB200094667). Over the most recent 12 months it reported $731,063 in gross alcohol sales, averaging $60,922/month with a best month of $91,861. Sales mix: ~45% liquor · 42% beer · 13% wine. The building at this address is owned by PARADIES LAGARDERE @ DFW 2017 $585,532 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $239,433 (~33% margin). Acquisition value is estimated at $599k–$731k 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
$731,063
Avg monthly
$60,922
Best month
$91,861
Sep 2025
Sales mix
45% Liq
42% Beer · 13% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID14633693
Property owner (landlord)PARADIES LAGARDERE @ DFW 2017
Assessed value$585,532

Hickory Bbq's share

Est. base rent ~$12/sqft/yr · 3,500 sqft · Class B $3,416/mo
NNN CAM / insurance$512/mo
NNN property tax$586/mo
Personal property tax est — no BPP record $146/mo
Total occupancy $4,660/mo

Occupancy analysis

All-in occupancy cost is 7.6% 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 $731,063 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~42%
Revenue$731,063
COGS (24%)−$175,455
Labor (14%)−$102,349
Occupancy−$50,325
TX MB gross tax (6.7%)−$48,981
Utilities / ins / mktg (8%)−$58,485
Card surcharge net+$8,042
Net profit $303,510
Most Likely
Typical bar, light food program, full two-shift staffing
~33%
Revenue$731,063
COGS (27%)−$197,387
Labor (17%)−$124,281
Occupancy−$55,916
TX MB gross tax (6.7%)−$48,981
Utilities / ins / mktg (10%)−$73,106
Card surcharge net+$8,042
Net profit $239,433
Stressed
Heavy food, larger crew, higher rent
~22%
Revenue$731,063
COGS (30%)−$219,319
Labor (22%)−$160,834
Occupancy−$61,508
TX MB gross tax (6.7%)−$48,981
Utilities / ins / mktg (12%)−$87,728
Card surcharge net+$8,042
Net profit $160,735
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 Ssp America Dfw LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $239,433/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 (~$239,433 net) estimated

Revenue multiple
$366k–$585k
0.5–0.8× gross
SDE multiple
$599k–$838k
2.5–3.5× earnings
Cap rate
$726k–$958k
25–33%
Suggested range
$599k–$731k
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 2026-06-28

No federal lawsuits — past or pending