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Financials

MB200117996
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Cj's Starlite

3137 ALTA MERE DR STE A, Fort Worth, TX 76116 · TABC MB200117996

Mixed Beverage Fort Worth Market Enriched 2026-07-12
$265,943 Annual gross (L12M) ▲ 2.3% latest MoM Click for monthly detail
$22,162 Avg monthly ▲ 5.0% latest vs avg Click for monthly detail
~34% Est. net margin (likely) $91,069/yr est. net Click for cost model
$228k–$266k Est. acquisition range 0.93× 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 Dive Bar, liquor is typically only 85–98% of total business revenue. Almost entirely liquor. Estimated total revenue (rough): $271,370 – $312,874/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

Cj's Starlite is a mixed-beverage licensed establishment at 3137 ALTA MERE DR STE A, Fort Worth, Texas (TABC MB200117996). Over the most recent 12 months it reported $265,943 in gross alcohol sales, averaging $22,162/month with a best month of $24,263. Sales mix: ~65% liquor · 34% beer · 0% wine. The building at this address is owned by UNITED LAND HOLDINGS LTD (7,600 sqft, $361,740 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $91,069 (~34% margin). Acquisition value is estimated at $228k–$266k 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
$265,943
Avg monthly
$22,162
Best month
$24,263
Aug 2025
Sales mix
65% Liq
34% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00026530
Property owner (landlord)UNITED LAND HOLDINGS LTD
Total building SF whole parcel — Cj's Starlite is in STE A7,600
Cj's Starlite's footprint estimated — suite-level not on file 2,500 sf
Assessed value$361,740

Cj's Starlite's share

Est. base rent ~$4/sqft/yr · 2,500 sqft · Class C $892/mo
NNN CAM / insurance$134/mo
NNN property tax$238/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $1,364/mo

Occupancy analysis

All-in occupancy cost is 6.2% 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 $265,943 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~43%
Revenue$265,943
COGS (24%)−$63,826
Labor (14%)−$37,232
Occupancy−$14,734
TX MB gross tax (6.7%)−$17,818
Utilities / ins / mktg (8%)−$21,275
Card surcharge net+$2,925
Net profit $113,982
Most Likely
Typical bar, light food program, full two-shift staffing
~34%
Revenue$265,943
COGS (27%)−$71,805
Labor (17%)−$45,210
Occupancy−$16,372
TX MB gross tax (6.7%)−$17,818
Utilities / ins / mktg (10%)−$26,594
Card surcharge net+$2,925
Net profit $91,069
Stressed
Heavy food, larger crew, higher rent
~24%
Revenue$265,943
COGS (30%)−$79,783
Labor (22%)−$58,507
Occupancy−$18,009
TX MB gross tax (6.7%)−$17,818
Utilities / ins / mktg (12%)−$31,913
Card surcharge net+$2,925
Net profit $62,838
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 Raquel Almaguer looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $91,069/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 (~$91,069 net) estimated

Revenue multiple
$133k–$213k
0.5–0.8× gross
SDE multiple
$228k–$319k
2.5–3.5× earnings
Cap rate
$276k–$364k
25–33%
Suggested range
$228k–$266k
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.