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MB200191854
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Razzoo's

2950 TEXAS SAGE TRL, Fort Worth, TX 76177 · TABC MB200191854

Mixed Beverage Fort Worth Market Enriched 2026-09-10
$196,940 Annual gross (L12M) ▼ 21.5% latest MoM Click for monthly detail
$39,388 Avg monthly ▼ 27.5% latest vs avg Click for monthly detail
~34% Est. net margin (likely) $66,687/yr est. net Click for cost model
$167k–$197k Est. acquisition range 0.92× 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): $437,644 – $787,760/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

Razzoo's is a mixed-beverage licensed establishment at 2950 TEXAS SAGE TRL, Fort Worth, Texas (TABC MB200191854). Over the most recent 12 months it reported $196,940 in gross alcohol sales, averaging $39,388/month with a best month of $49,854. Sales mix: ~68% liquor · 29% beer · 2% wine. The building at this address is owned by RAZZOO'S INC $183,163 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $66,687 (~34% margin). Acquisition value is estimated at $167k–$197k 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
$196,940
Avg monthly
$39,388
Best month
$49,854
Mar 2026
Sales mix
68% Liq
29% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID14205608
Property owner (landlord)RAZZOO'S INC
Assessed value$183,163

Razzoo's's share

Est. base rent ~$3/sqft/yr · 2,500 sqft · Class C $687/mo
NNN CAM / insurance$103/mo
NNN property tax$183/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $1,073/mo

Occupancy analysis

All-in occupancy cost is 6.5% 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 $196,940 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~43%
Revenue$196,940
COGS (24%)−$47,266
Labor (14%)−$27,572
Occupancy−$11,589
TX MB gross tax (6.7%)−$13,195
Utilities / ins / mktg (8%)−$15,755
Card surcharge net+$2,166
Net profit $83,730
Most Likely
Typical bar, light food program, full two-shift staffing
~34%
Revenue$196,940
COGS (27%)−$53,174
Labor (17%)−$33,480
Occupancy−$12,877
TX MB gross tax (6.7%)−$13,195
Utilities / ins / mktg (10%)−$19,694
Card surcharge net+$2,166
Net profit $66,687
Stressed
Heavy food, larger crew, higher rent
~23%
Revenue$196,940
COGS (30%)−$59,082
Labor (22%)−$43,327
Occupancy−$14,164
TX MB gross tax (6.7%)−$13,195
Utilities / ins / mktg (12%)−$23,633
Card surcharge net+$2,166
Net profit $45,705
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 M Crowd Razzoos LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $66,687/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 (~$66,687 net) estimated

Revenue multiple
$98k–$158k
0.5–0.8× gross
SDE multiple
$167k–$233k
2.5–3.5× earnings
Cap rate
$202k–$267k
25–33%
Suggested range
$167k–$197k
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 $437,644–$787,760/yr in total revenue (your liquor portion of $196,940 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
$438k–$788k
food + liquor + service
Estimated net (10–15%)
$44k–$118k
restaurant margin
Full-business value
$120k–$433k
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 2026-06-03

Lookup pending — check back tomorrow

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