← Darlin /

Financials

MB200181140
Dashboard › Darlin › Financial Intelligence

Darlin

2929 N HENDERSON AVE, Dallas, TX 75206 · TABC MB200181140

Mixed Beverage Dallas Market Enriched 2026-08-17
$157,982 Annual gross (L12M) ▲ 810.4% latest MoM Click for monthly detail
$52,661 Avg monthly ▲ 93.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $35,388/yr est. net Click for cost model
$88k–$124k 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): $166,297 – $185,861/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Darlin My bars

Executive Summary

Click to expand full narrative

Darlin is a mixed-beverage licensed establishment at 2929 N HENDERSON AVE, Dallas, Texas (TABC MB200181140). Over the most recent 12 months it reported $157,982 in gross alcohol sales, averaging $52,661/month with a best month of $102,002. Sales mix: ~88% liquor · 6% beer · 6% wine. The building at this address is owned by 2923 N HENDERSON LLC (20,183 sqft, $4,267,500 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $35,388 (~22% margin). Acquisition value is estimated at $88k–$124k 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
$157,982
Avg monthly
$52,661
Best month
$102,002
Jun 2026
Sales mix
88% Liq
6% Beer · 6% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000190327000000
Property owner (landlord)2923 N HENDERSON LLC
Total building SF20,183
Assessed value$4,267,500

Darlin's share

Est. base rent ~$1/sqft/yr · 2,500 sqft · Class A $163/mo
NNN CAM / insurance$24/mo
NNN property tax$1,057/mo
Personal property tax own fixtures · Prop 99191014600000000 $1,125/mo
Total occupancy $2,370/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 $157,982 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$157,982
COGS (24%)−$37,916
Labor (14%)−$22,117
Occupancy−$25,593
TX MB gross tax (6.7%)−$10,585
Utilities / ins / mktg (8%)−$12,639
Card surcharge net+$1,738
Net profit $50,870
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$157,982
COGS (27%)−$42,655
Labor (17%)−$26,857
Occupancy−$28,437
TX MB gross tax (6.7%)−$10,585
Utilities / ins / mktg (10%)−$15,798
Card surcharge net+$1,738
Net profit $35,388
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$157,982
COGS (30%)−$47,395
Labor (22%)−$34,756
Occupancy−$31,280
TX MB gross tax (6.7%)−$10,585
Utilities / ins / mktg (12%)−$18,958
Card surcharge net+$1,738
Net profit $16,746
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 2929 Hattenluke Hospitality Group LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $35,388/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 (~$35,388 net) estimated

Revenue multiple
$79k–$126k
0.5–0.8× gross
SDE multiple
$88k–$124k
2.5–3.5× earnings
Cap rate
$107k–$142k
25–33%
Suggested range
$88k–$124k
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

1 case on file · public records

1 federal case
1 contract
As defendant in 1 case
Most recent filing
Joe Hand Promotions Inc v. 2929 HattenLuke Hospitality Group LLC
TXND · 2023-12-26 · CLOSED
Public records, last checked 2026-08-01