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Financials

MB261294
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Del Frisco's Double Eagle Steakhouse

812 MAIN ST, Fort Worth, TX 76102 · TABC MB261294

Mixed Beverage Fort Worth Market Enriched 2026-05-24
$2,983,167 Annual gross (L12M) ▼ 16.4% latest MoM Click for monthly detail
$248,597 Avg monthly ▼ 19.9% latest vs avg Click for monthly detail
~36% Est. net margin (likely) $1,073,814/yr est. net Click for cost model
$2,685k–$2,983k Est. acquisition range 0.95× 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $7,457,918 – $11,932,668/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

Del Frisco's Double Eagle Steakhouse is a mixed-beverage licensed establishment at 812 MAIN ST, Fort Worth, Texas (TABC MB261294). Over the most recent 12 months it reported $2,983,167 in gross alcohol sales, averaging $248,597/month with a best month of $408,666. Sales mix: ~47% liquor · 3% beer · 49% wine. The building at this address is owned by LANDRY'S RESTAURANT GROUP $679,597 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,073,814 (~36% margin). Acquisition value is estimated at $2,685k–$2,983k 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
$2,983,167
Avg monthly
$248,597
Best month
$408,666
Dec 2025
Sales mix
47% Liq
3% Beer · 49% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID14719733
Property owner (landlord)LANDRY'S RESTAURANT GROUP
Assessed value$679,597

Del Frisco's Double Eagle Steakhouse's share

Est. base rent ~$14/sqft/yr · 7,500 sqft · Class B $8,495/mo
NNN CAM / insurance$1,274/mo
NNN property tax$680/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $10,949/mo

Occupancy analysis

All-in occupancy cost is 4.4% 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 $2,983,167 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~44%
Revenue$2,983,167
COGS (24%)−$715,960
Labor (14%)−$417,643
Occupancy−$118,247
TX MB gross tax (6.7%)−$199,872
Utilities / ins / mktg (8%)−$238,653
Card surcharge net+$32,815
Net profit $1,325,606
Most Likely
Typical bar, light food program, full two-shift staffing
~36%
Revenue$2,983,167
COGS (27%)−$805,455
Labor (17%)−$507,138
Occupancy−$131,386
TX MB gross tax (6.7%)−$199,872
Utilities / ins / mktg (10%)−$298,317
Card surcharge net+$32,815
Net profit $1,073,814
Stressed
Heavy food, larger crew, higher rent
~26%
Revenue$2,983,167
COGS (30%)−$894,950
Labor (22%)−$656,297
Occupancy−$144,524
TX MB gross tax (6.7%)−$199,872
Utilities / ins / mktg (12%)−$357,980
Card surcharge net+$32,815
Net profit $762,359
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 Df Beverage CORP looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,073,814/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 (~$1,073,814 net) estimated

Revenue multiple
$1.49M–$2.39M
0.5–0.8× gross
SDE multiple
$2.68M–$3.76M
2.5–3.5× earnings
Cap rate
$3.25M–$4.30M
25–33%
Suggested range
$2,685k–$2,983k
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 · Steakhouse

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

We estimate this steakhouse pulls $7,457,918–$11,932,668/yr in total revenue (your liquor portion of $2,983,167 is roughly 25–40% 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
$7,458k–$11,933k
food + liquor + service
Estimated net (10–15%)
$746k–$1,790k
restaurant margin
Full-business value
$2,051k–$6,563k
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 2026-05-22

No federal lawsuits — past or pending