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Financials

MB200137103
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Ten Sushi & Cocktail Bar

2301 N AKARD ST STE 230, Dallas, TX 75201 · TABC MB200137103

Mixed Beverage Dallas Market Enriched 2026-09-02
$472,307 Annual gross (L12M) ▲ 5.2% latest MoM Click for monthly detail
$39,359 Avg monthly ▼ 21.2% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $119,464/yr est. net Click for cost model
$299k–$418k Est. acquisition range 0.76× annual gross (blended) Click for valuation methods
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Executive Summary

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Ten Sushi & Cocktail Bar is a mixed-beverage licensed establishment at 2301 N AKARD ST STE 230, Dallas, Texas (TABC MB200137103). Over the most recent 12 months it reported $472,307 in gross alcohol sales, averaging $39,359/month with a best month of $49,227. Sales mix: ~76% liquor · 6% beer · 18% wine. The building at this address is owned by GAEDEKE HOLDINGS XIV LTD (982,673 sqft, $184,500,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $119,464 (~25% margin). Acquisition value is estimated at $299k–$418k 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
$472,307
Avg monthly
$39,359
Best month
$49,227
Aug 2025
Sales mix
76% Liq
6% Beer · 18% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00C26810000OFF000
Property owner (landlord)GAEDEKE HOLDINGS XIV LTD
Total building SF whole parcel — Ten Sushi & Cocktail Bar is in STE 230982,673
Ten Sushi & Cocktail Bar's footprint estimated — suite-level not on file 2,500 sf
Assessed value$184,500,000

Ten Sushi & Cocktail Bar's share

Est. base rent ~$19/sqft/yr · 2,500 sqft · Class B $3,912/mo
NNN CAM / insurance$587/mo
NNN property tax$939/mo
Personal property tax own fixtures · Prop 99240919810000000 $509/mo
Total occupancy $5,946/mo

Occupancy analysis

All-in occupancy cost is 15.1% 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 $472,307 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$472,307
COGS (24%)−$113,354
Labor (14%)−$66,123
Occupancy−$64,213
TX MB gross tax (6.7%)−$31,645
Utilities / ins / mktg (8%)−$37,785
Card surcharge net+$5,195
Net profit $164,383
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$472,307
COGS (27%)−$127,523
Labor (17%)−$80,292
Occupancy−$71,348
TX MB gross tax (6.7%)−$31,645
Utilities / ins / mktg (10%)−$47,231
Card surcharge net+$5,195
Net profit $119,464
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$472,307
COGS (30%)−$141,692
Labor (22%)−$103,908
Occupancy−$78,483
TX MB gross tax (6.7%)−$31,645
Utilities / ins / mktg (12%)−$56,677
Card surcharge net+$5,195
Net profit $65,099
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 Ten Sushi & Cocktails - Dallas LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $119,464/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 (~$119,464 net) estimated

Revenue multiple
$236k–$378k
0.5–0.8× gross
SDE multiple
$299k–$418k
2.5–3.5× earnings
Cap rate
$362k–$478k
25–33%
Suggested range
$299k–$418k
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 2026-07-01

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