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MB200118789
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Nori Handroll Bar

2814 ELM ST, Dallas, TX 75226 · TABC MB200118789

Mixed Beverage Dallas Market Enriched 2026-07-09
$136,168 Annual gross (L12M) ▼ 1.1% latest MoM Click for monthly detail
$11,347 Avg monthly ▼ 8.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $30,502/yr est. net Click for cost model
$76k–$107k Est. acquisition range 0.67× annual gross (blended) Click for valuation methods
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Executive Summary

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Nori Handroll Bar is a mixed-beverage licensed establishment at 2814 ELM ST, Dallas, Texas (TABC MB200118789). Over the most recent 12 months it reported $136,168 in gross alcohol sales, averaging $11,347/month with a best month of $12,970. Sales mix: ~61% liquor · 12% beer · 27% wine. The building at this address is owned by WESTDALE PROPERTIES AMERICA I LTD (14,272 sqft, $4,100,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $30,502 (~22% margin). Acquisition value is estimated at $76k–$107k 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
$136,168
Avg monthly
$11,347
Best month
$12,970
Jun 2025
Sales mix
61% Liq
12% Beer · 27% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID000481000B12A0000
Property owner (landlord)WESTDALE PROPERTIES AMERICA I LTD
Total building SF14,272
Assessed value$4,100,000

Nori Handroll Bar's share

Est. base rent ~$2/sqft/yr · 2,500 sqft · Class A $502/mo
NNN CAM / insurance$75/mo
NNN property tax$1,436/mo
Personal property tax own fixtures · Prop 99210225810000000 $29/mo
Total occupancy $2,043/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $136,168 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$136,168
COGS (24%)−$32,680
Labor (14%)−$19,064
Occupancy−$22,059
TX MB gross tax (6.7%)−$9,123
Utilities / ins / mktg (8%)−$10,893
Card surcharge net+$1,498
Net profit $43,846
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$136,168
COGS (27%)−$36,765
Labor (17%)−$23,149
Occupancy−$24,510
TX MB gross tax (6.7%)−$9,123
Utilities / ins / mktg (10%)−$13,617
Card surcharge net+$1,498
Net profit $30,502
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$136,168
COGS (30%)−$40,850
Labor (22%)−$29,957
Occupancy−$26,961
TX MB gross tax (6.7%)−$9,123
Utilities / ins / mktg (12%)−$16,340
Card surcharge net+$1,498
Net profit $14,434
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 Deukbok INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $30,502/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 (~$30,502 net) estimated

Revenue multiple
$68k–$109k
0.5–0.8× gross
SDE multiple
$76k–$107k
2.5–3.5× earnings
Cap rate
$92k–$122k
25–33%
Suggested range
$76k–$107k
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 2026-07-28

Lookup pending — check back tomorrow

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