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MB200166329
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El Gordo Seafood

451 W DAVIS ST, Dallas, TX 75208 · TABC MB200166329

Mixed Beverage Dallas Market Enriched 2026-07-11
$188,763 Annual gross (L12M) ▲ 3.9% latest MoM Click for monthly detail
$15,730 Avg monthly ▲ 50.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $42,283/yr est. net Click for cost model
$106k–$148k 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $419,473 – $755,052/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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El Gordo Seafood is a mixed-beverage licensed establishment at 451 W DAVIS ST, Dallas, Texas (TABC MB200166329). Over the most recent 12 months it reported $188,763 in gross alcohol sales, averaging $15,730/month with a best month of $23,590. Sales mix: ~57% liquor · 43% beer · 0% wine. The building at this address is owned by BELMAR MANAGMENT LTD (3,536 sqft, $836,590 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $42,283 (~22% margin). Acquisition value is estimated at $106k–$148k 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
$188,763
Avg monthly
$15,730
Best month
$23,590
May 2026
Sales mix
57% Liq
43% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000254548000000
Property owner (landlord)BELMAR MANAGMENT LTD
Total building SF3,536
Assessed value$836,590

El Gordo Seafood's share

Est. base rent ~$6/sqft/yr · 2,500 sqft · Class A $1,326/mo
NNN CAM / insurance$199/mo
NNN property tax$837/mo
Personal property tax own fixtures · Prop 99211227200000000 $470/mo
Total occupancy $2,831/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 $188,763 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$188,763
COGS (24%)−$45,303
Labor (14%)−$26,427
Occupancy−$30,580
TX MB gross tax (6.7%)−$12,647
Utilities / ins / mktg (8%)−$15,101
Card surcharge net+$2,076
Net profit $60,782
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$188,763
COGS (27%)−$50,966
Labor (17%)−$32,090
Occupancy−$33,977
TX MB gross tax (6.7%)−$12,647
Utilities / ins / mktg (10%)−$18,876
Card surcharge net+$2,076
Net profit $42,283
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$188,763
COGS (30%)−$56,629
Labor (22%)−$41,528
Occupancy−$37,375
TX MB gross tax (6.7%)−$12,647
Utilities / ins / mktg (12%)−$22,652
Card surcharge net+$2,076
Net profit $20,009
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 El Gordo Seafood LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $42,283/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 (~$42,283 net) estimated

Revenue multiple
$94k–$151k
0.5–0.8× gross
SDE multiple
$106k–$148k
2.5–3.5× earnings
Cap rate
$128k–$169k
25–33%
Suggested range
$106k–$148k
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.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $419,473–$755,052/yr in total revenue (your liquor portion of $188,763 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$419k–$755k
food + liquor + service
Estimated net (10–15%)
$42k–$113k
restaurant margin
Full-business value
$115k–$415k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-07-10

Lookup pending — check back tomorrow

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