Joey Restaurant (Np) INC

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): $5,866,140 – $10,559,052/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.

Executive Summary

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Joey Restaurant (Np) INC is a mixed-beverage licensed establishment at 8687 N CENTRAL EXPY STE 307, Dallas, Texas (TABC MB200109341). Over the most recent 12 months it reported $2,639,763 in gross alcohol sales, averaging $219,980/month with a best month of $326,580. Sales mix: ~73% liquor · 3% beer · 24% wine. The building at this address is owned by NORTHPARK LAND PARTNERS (3,681,540 sqft, $662,677,370 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $795,403 (~30% margin). Acquisition value is estimated at $1,989k–$2,640k 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

$2,639,763

Avg monthly

$219,980

Best month

$326,580

Dec 2025

Sales mix

73% Liq

3% Beer · 24% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID005453000K01A9700

Property owner (landlord)NORTHPARK LAND PARTNERS

Total building SF whole parcel — Joey Restaurant (Np) INC is in STE 3073,681,540

Joey Restaurant (Np) INC's footprint estimated — suite-level not on file 7,500 sf

Assessed value$662,677,370

Joey Restaurant (Np) INC's share

Est. base rent ~$18/sqft/yr · 7,500 sqft · Class B $11,250/mo

NNN CAM / insurance$1,688/mo

NNN property tax$2,700/mo

Personal property tax own fixtures · Prop 99250425130000000 $6,951/mo

Total occupancy $22,588/mo

Occupancy analysis

All-in occupancy cost is 10.3% 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 $2,639,763 gross revenue estimated

Best Case

No kitchen, efficient staffing, favorable lease

~39%

Revenue$2,639,763

COGS (24%)−$633,543

Labor (14%)−$369,567

Occupancy−$243,955

TX MB gross tax (6.7%)−$176,864

Utilities / ins / mktg (8%)−$211,181

Card surcharge net+$29,037

Net profit $1,033,690

Most Likely

Typical bar, light food program, full two-shift staffing

~30%

Revenue$2,639,763

COGS (27%)−$712,736

Labor (17%)−$448,760

Occupancy−$271,061

TX MB gross tax (6.7%)−$176,864

Utilities / ins / mktg (10%)−$263,976

Card surcharge net+$29,037

Net profit $795,403

Stressed

Heavy food, larger crew, higher rent

~19%

Revenue$2,639,763

COGS (30%)−$791,929

Labor (22%)−$580,748

Occupancy−$298,167

TX MB gross tax (6.7%)−$176,864

Utilities / ins / mktg (12%)−$316,772

Card surcharge net+$29,037

Net profit $504,321

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 Joey Restaurant (Np) INC looking up officers…

Number of owners

Ownership split

Equal split (50% each)

Based on the "Most Likely" scenario net profit of $795,403/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 (~$795,403 net) estimated

Revenue multiple

$1.32M–$2.11M

0.5–0.8× gross

SDE multiple

$1.99M–$2.78M

2.5–3.5× earnings

Cap rate

$2.41M–$3.18M

25–33%

Suggested range

$1,989k–$2,640k

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 $5,866,140–$10,559,052/yr in total revenue (your liquor portion of $2,639,763 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

$5,866k–$10,559k

food + liquor + service

Estimated net (10–15%)

$587k–$1,584k

restaurant margin

Full-business value

$1,613k–$5,807k

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 2026-06-18

Lookup pending — check back tomorrow

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Financials

Executive Summary

Sales performance · last 12 months

Property & occupancy

Occupancy analysis

Profit scenarios

Owner income estimator

Acquisition value estimate

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

Federal court history