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MB200122188
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Thomas Avenue Beverage Company

2901 THOMAS AVE, Dallas, TX 75204 · TABC MB200122188

Mixed Beverage Dallas Market Enriched 2026-06-15
$1,053,198 Annual gross (L12M) ▼ 2.7% latest MoM Click for monthly detail
$87,766 Avg monthly ▲ 13.9% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $235,916/yr est. net Click for cost model
$590k–$826k Est. acquisition range 0.67× 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 Wine Bar, liquor is typically only 80–95% of total business revenue. Wine + spirits dominant. Estimated total revenue (rough): $1,108,629 – $1,316,498/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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Thomas Avenue Beverage Company is a mixed-beverage licensed establishment at 2901 THOMAS AVE, Dallas, Texas (TABC MB200122188). Over the most recent 12 months it reported $1,053,198 in gross alcohol sales, averaging $87,766/month with a best month of $102,710. Sales mix: ~78% liquor · 14% beer · 8% wine. The building at this address is owned by GWC TX INVESTMENTS LLC (3,951 sqft, $1,461,300 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $235,916 (~22% margin). Acquisition value is estimated at $590k–$826k 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
$1,053,198
Avg monthly
$87,766
Best month
$102,710
Mar 2026
Sales mix
78% Liq
14% Beer · 8% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000114661000000
Property owner (landlord)GWC TX INVESTMENTS LLC
Total building SF3,951
Assessed value$1,461,300

Thomas Avenue Beverage Company's share

Est. base rent ~$30/sqft/yr · 5,000 sqft · Class A $12,361/mo
NNN CAM / insurance$1,854/mo
NNN property tax$1,461/mo
Personal property tax own fixtures · Prop 99241211340000000 $121/mo
Total occupancy $15,798/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 $1,053,198 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$1,053,198
COGS (24%)−$252,768
Labor (14%)−$147,448
Occupancy−$170,618
TX MB gross tax (6.7%)−$70,564
Utilities / ins / mktg (8%)−$84,256
Card surcharge net+$11,585
Net profit $339,130
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,053,198
COGS (27%)−$284,363
Labor (17%)−$179,044
Occupancy−$189,576
TX MB gross tax (6.7%)−$70,564
Utilities / ins / mktg (10%)−$105,320
Card surcharge net+$11,585
Net profit $235,916
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,053,198
COGS (30%)−$315,959
Labor (22%)−$231,704
Occupancy−$208,533
TX MB gross tax (6.7%)−$70,564
Utilities / ins / mktg (12%)−$126,384
Card surcharge net+$11,585
Net profit $111,639
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 Raising The Bar LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $235,916/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 (~$235,916 net) estimated

Revenue multiple
$527k–$843k
0.5–0.8× gross
SDE multiple
$590k–$826k
2.5–3.5× earnings
Cap rate
$715k–$944k
25–33%
Suggested range
$590k–$826k
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 2026-06-19

Lookup pending — check back tomorrow

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