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Financials

MB200163460
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Next Door

2901 COMMERCE ST, Dallas, TX 75226 · TABC MB200163460

Mixed Beverage Dallas Market Enriched 2026-05-14
$1,388,762 Annual gross (L12M) ▲ 33.0% latest MoM Click for monthly detail
$126,251 Avg monthly ▲ 14.3% latest vs avg Click for monthly detail
~21% Est. net margin (likely) $294,421/yr est. net Click for cost model
$736k–$1,030k Est. acquisition range 0.64× 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): $1,461,855 – $1,633,838/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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Next Door is a mixed-beverage licensed establishment at 2901 COMMERCE ST, Dallas, Texas (TABC MB200163460). Over the most recent 12 months it reported $1,388,762 in gross alcohol sales, averaging $126,251/month with a best month of $157,064. Sales mix: ~98% liquor · 2% beer · 0% wine. The building at this address is owned by AP BLANTON DEEP ELLUM LLC (5,900 sqft, $2,461,760 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $294,421 (~21% margin). Acquisition value is estimated at $736k–$1,030k 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
$1,388,762
Avg monthly
$126,251
Best month
$157,064
Nov 2025
Sales mix
98% Liq
2% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID000191001301A0000
Property owner (landlord)AP BLANTON DEEP ELLUM LLC
Total building SF5,900
Assessed value$2,461,760

Next Door's share

Est. base rent ~$50/sqft/yr · 4,000 sqft · Class A $16,690/mo
NNN CAM / insurance$2,503/mo
NNN property tax$2,462/mo
Personal property tax own fixtures · Prop 99191210340000000 $565/mo
Total occupancy $22,220/mo

Occupancy analysis

All-in occupancy cost is 19.2% 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 $1,388,762 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~31%
Revenue$1,388,762
COGS (24%)−$333,303
Labor (14%)−$194,427
Occupancy−$239,975
TX MB gross tax (6.7%)−$93,047
Utilities / ins / mktg (8%)−$111,101
Card surcharge net+$15,276
Net profit $432,185
Most Likely
Typical bar, light food program, full two-shift staffing
~21%
Revenue$1,388,762
COGS (27%)−$374,966
Labor (17%)−$236,090
Occupancy−$266,639
TX MB gross tax (6.7%)−$93,047
Utilities / ins / mktg (10%)−$138,876
Card surcharge net+$15,276
Net profit $294,421
Stressed
Heavy food, larger crew, higher rent
~9%
Revenue$1,388,762
COGS (30%)−$416,629
Labor (22%)−$305,528
Occupancy−$293,303
TX MB gross tax (6.7%)−$93,047
Utilities / ins / mktg (12%)−$166,651
Card surcharge net+$15,276
Net profit $128,880
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 Nextdoor Entertainment Group LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $294,421/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 (~$294,421 net) estimated

Revenue multiple
$694k–$1.11M
0.5–0.8× gross
SDE multiple
$736k–$1.03M
2.5–3.5× earnings
Cap rate
$892k–$1.18M
25–33%
Suggested range
$736k–$1,030k
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 2026-07-04

No federal lawsuits — past or pending