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Financials

MB200112168
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Le Meridian Dallas By Galleria

13402 NOEL RD, Dallas, TX 75240 · TABC MB200112168

Mixed Beverage Dallas Market Enriched 2026-07-10
$260,081 Annual gross (L12M) ▼ 100.0% latest MoM Click for monthly detail
$23,644 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~-47% Est. net margin (likely) $-123,212/yr est. net Click for cost model
$130k–$-431k Est. acquisition range -0.58× 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $260,081 – $288,979/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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Le Meridian Dallas By Galleria is a mixed-beverage licensed establishment at 13402 NOEL RD, Dallas, Texas (TABC MB200112168). Over the most recent 12 months it reported $260,081 in gross alcohol sales, averaging $23,644/month with a best month of $34,101. Sales mix: ~65% liquor · 19% beer · 16% wine. The building at this address is owned by PIEDMONT DALLAS GALLERIA LLC (545,650 sqft, $101,213,695 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-123,212 (~-47% margin). Acquisition value is estimated at $130k–$-431k 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
$260,081
Avg monthly
$23,644
Best month
$34,101
Apr 2026
Sales mix
65% Liq
19% Beer · 16% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00700200000010300
Property owner (landlord)PIEDMONT DALLAS GALLERIA LLC
Total building SF545,650
Assessed value$101,213,695

Le Meridian Dallas By Galleria's share

Est. base rent ~$19/sqft/yr · 2,500 sqft · Class B $3,864/mo
NNN CAM / insurance$580/mo
NNN property tax$927/mo
Personal property tax own fixtures · Prop 99150126880000000 $13,652/mo
Total occupancy $19,024/mo

Occupancy analysis

All-in occupancy cost is 87.8% 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 $260,081 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-31%
Revenue$260,081
COGS (24%)−$62,419
Labor (14%)−$36,411
Occupancy−$205,456
TX MB gross tax (6.7%)−$17,425
Utilities / ins / mktg (8%)−$20,806
Card surcharge net+$2,861
Net profit $-79,577
Most Likely
Typical bar, light food program, full two-shift staffing
~-47%
Revenue$260,081
COGS (27%)−$70,222
Labor (17%)−$44,214
Occupancy−$228,285
TX MB gross tax (6.7%)−$17,425
Utilities / ins / mktg (10%)−$26,008
Card surcharge net+$2,861
Net profit $-123,212
Stressed
Heavy food, larger crew, higher rent
~-66%
Revenue$260,081
COGS (30%)−$78,024
Labor (22%)−$57,218
Occupancy−$251,113
TX MB gross tax (6.7%)−$17,425
Utilities / ins / mktg (12%)−$31,210
Card surcharge net+$2,861
Net profit $-172,049
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 Jon Crunk looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-123,212/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 (~$-123,212 net) estimated

Revenue multiple
$130k–$208k
0.5–0.8× gross
SDE multiple
$-308k–$-431k
2.5–3.5× earnings
Cap rate
$-373k–$-493k
25–33%
Suggested range
$130k–$-431k
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.