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Financials

MB200147874
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Sheraton Mckinney Hotel

1900 GATEWAY BLVD, Mckinney, TX 75070 · TABC MB200147874

Mixed Beverage Mckinney Market Enriched 2026-07-12
$528,319 Annual gross (L12M) ▲ 14.7% latest MoM Click for monthly detail
$44,027 Avg monthly ▲ 26.6% latest vs avg Click for monthly detail
~26% Est. net margin (likely) $137,486/yr est. net Click for cost model
$344k–$481k Est. acquisition range 0.78× 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $587,021 – $754,741/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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Sheraton Mckinney Hotel is a mixed-beverage licensed establishment at 1900 GATEWAY BLVD, Mckinney, Texas (TABC MB200147874). Over the most recent 12 months it reported $528,319 in gross alcohol sales, averaging $44,027/month with a best month of $66,943. Sales mix: ~53% liquor · 32% beer · 15% wine. The building at this address is owned by LXMI MCKINNEY HOTEL PROPERTY OWNER LLC (160,087 sqft, $23,209,224 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $137,486 (~26% margin). Acquisition value is estimated at $344k–$481k 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
$528,319
Avg monthly
$44,027
Best month
$66,943
Jun 2025
Sales mix
53% Liq
32% Beer · 15% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2639056
Property owner (landlord)LXMI MCKINNEY HOTEL PROPERTY OWNER LLC
Total building SF160,087
Assessed value$23,209,224

Sheraton Mckinney Hotel's share

Est. base rent ~$16/sqft/yr · 3,500 sqft · Class B $4,651/mo
NNN CAM / insurance$698/mo
NNN property tax$888/mo
Personal property tax est — no BPP record $92/mo
Total occupancy $6,330/mo

Occupancy analysis

All-in occupancy cost is 14.4% 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 $528,319 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$528,319
COGS (24%)−$126,797
Labor (14%)−$73,965
Occupancy−$68,359
TX MB gross tax (6.7%)−$35,397
Utilities / ins / mktg (8%)−$42,266
Card surcharge net+$5,812
Net profit $187,347
Most Likely
Typical bar, light food program, full two-shift staffing
~26%
Revenue$528,319
COGS (27%)−$142,646
Labor (17%)−$89,814
Occupancy−$75,955
TX MB gross tax (6.7%)−$35,397
Utilities / ins / mktg (10%)−$52,832
Card surcharge net+$5,812
Net profit $137,486
Stressed
Heavy food, larger crew, higher rent
~15%
Revenue$528,319
COGS (30%)−$158,496
Labor (22%)−$116,230
Occupancy−$83,550
TX MB gross tax (6.7%)−$35,397
Utilities / ins / mktg (12%)−$63,398
Card surcharge net+$5,812
Net profit $77,059
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 1900 Gateway Beverage LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $137,486/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 (~$137,486 net) estimated

Revenue multiple
$264k–$423k
0.5–0.8× gross
SDE multiple
$344k–$481k
2.5–3.5× earnings
Cap rate
$417k–$550k
25–33%
Suggested range
$344k–$481k
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 2026-05-26

No federal lawsuits — past or pending