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Financials

MB207500
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Station 4

3911 CEDAR SPRINGS RD, Dallas, TX 75219 · TABC MB207500

Mixed Beverage Dallas Market Enriched 2026-05-24
$2,217,178 Annual gross (L12M) ▼ 28.8% latest MoM Click for monthly detail
$184,765 Avg monthly ▼ 15.9% latest vs avg Click for monthly detail
~26% Est. net margin (likely) $585,143/yr est. net Click for cost model
$1,463k–$2,048k Est. acquisition range 0.79× 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 Music Venue, liquor is typically only 60–85% of total business revenue. Bar + ticket revenue. Estimated total revenue (rough): $2,608,445 – $3,695,297/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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Station 4 is a mixed-beverage licensed establishment at 3911 CEDAR SPRINGS RD, Dallas, Texas (TABC MB207500). Over the most recent 12 months it reported $2,217,178 in gross alcohol sales, averaging $184,765/month with a best month of $349,676. Sales mix: ~82% liquor · 17% beer · 1% wine. The building at this address is owned by PA CEDAR SPRINGS RETAIL (38,127 sqft, $9,464,060 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $585,143 (~26% margin). Acquisition value is estimated at $1,463k–$2,048k 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
$2,217,178
Avg monthly
$184,765
Best month
$349,676
Oct 2025
Sales mix
82% Liq
17% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00C10770000000100
Property owner (landlord)PA CEDAR SPRINGS RETAIL
Total building SF38,127
Assessed value$9,464,060

Station 4's share

Est. base rent ~$30/sqft/yr · 7,500 sqft · Class A $18,617/mo
NNN CAM / insurance$2,793/mo
NNN property tax$3,723/mo
Personal property tax own fixtures · Prop 99932280000144700 $750/mo
Total occupancy $25,883/mo

Occupancy analysis

All-in occupancy cost is 14.0% 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 $2,217,178 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~36%
Revenue$2,217,178
COGS (24%)−$532,123
Labor (14%)−$310,405
Occupancy−$279,537
TX MB gross tax (6.7%)−$148,551
Utilities / ins / mktg (8%)−$177,374
Card surcharge net+$24,389
Net profit $793,577
Most Likely
Typical bar, light food program, full two-shift staffing
~26%
Revenue$2,217,178
COGS (27%)−$598,638
Labor (17%)−$376,920
Occupancy−$310,597
TX MB gross tax (6.7%)−$148,551
Utilities / ins / mktg (10%)−$221,718
Card surcharge net+$24,389
Net profit $585,143
Stressed
Heavy food, larger crew, higher rent
~15%
Revenue$2,217,178
COGS (30%)−$665,153
Labor (22%)−$487,779
Occupancy−$341,656
TX MB gross tax (6.7%)−$148,551
Utilities / ins / mktg (12%)−$266,061
Card surcharge net+$24,389
Net profit $332,366
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 Blue Angel INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $585,143/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 (~$585,143 net) estimated

Revenue multiple
$1.11M–$1.77M
0.5–0.8× gross
SDE multiple
$1.46M–$2.05M
2.5–3.5× earnings
Cap rate
$1.77M–$2.34M
25–33%
Suggested range
$1,463k–$2,048k
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 2026-06-01

Lookup pending — check back tomorrow

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