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Financials

MB200160828
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Cheba Hut

2301 E BROAD ST BLDG 100 STE 131, Mansfield, TX 76063 · TABC MB200160828

Mixed Beverage Mansfield Market Enriched 2026-07-12
$213,277 Annual gross (L12M) ▲ 5.8% latest MoM Click for monthly detail
$17,773 Avg monthly ▲ 23.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $47,774/yr est. net Click for cost model
$119k–$167k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $224,502 – $250,914/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

Cheba Hut is a mixed-beverage licensed establishment at 2301 E BROAD ST BLDG 100 STE 131, Mansfield, Texas (TABC MB200160828). Over the most recent 12 months it reported $213,277 in gross alcohol sales, averaging $17,773/month with a best month of $21,882. Sales mix: ~63% liquor · 34% beer · 2% wine. The building at this address is owned by J&J GIANNONI LLC (21,238 sqft, $7,421,392 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $47,774 (~22% margin). Acquisition value is estimated at $119k–$167k 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
$213,277
Avg monthly
$17,773
Best month
$21,882
May 2026
Sales mix
63% Liq
34% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID43031482
Property owner (landlord)J&J GIANNONI LLC
Total building SF whole parcel — Cheba Hut is in BLDG 10021,238
Cheba Hut's footprint estimated — suite-level not on file 2,500 sf
Assessed value$7,421,392

Cheba Hut's share

Est. base rent ~$6/sqft/yr · 2,500 sqft · Class A $1,176/mo
NNN CAM / insurance$176/mo
NNN property tax$1,747/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $3,199/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 $213,277 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$213,277
COGS (24%)−$51,186
Labor (14%)−$29,859
Occupancy−$34,551
TX MB gross tax (6.7%)−$14,290
Utilities / ins / mktg (8%)−$17,062
Card surcharge net+$2,346
Net profit $68,675
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$213,277
COGS (27%)−$57,585
Labor (17%)−$36,257
Occupancy−$38,390
TX MB gross tax (6.7%)−$14,290
Utilities / ins / mktg (10%)−$21,328
Card surcharge net+$2,346
Net profit $47,774
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$213,277
COGS (30%)−$63,983
Labor (22%)−$46,921
Occupancy−$42,229
TX MB gross tax (6.7%)−$14,290
Utilities / ins / mktg (12%)−$25,593
Card surcharge net+$2,346
Net profit $22,607
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 Mansfield Hut 1 LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $47,774/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 (~$47,774 net) estimated

Revenue multiple
$107k–$171k
0.5–0.8× gross
SDE multiple
$119k–$167k
2.5–3.5× earnings
Cap rate
$145k–$191k
25–33%
Suggested range
$119k–$167k
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 2026-09-07

Lookup pending — check back tomorrow

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