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MB456005
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I-37 INC

2401 BASS PRO DR, Grapevine, TX 76051 · TABC MB456005

Mixed Beverage Grapevine Market Enriched 2026-06-19
$831,018 Annual gross (L12M) ▼ 55.5% latest MoM Click for monthly detail
$69,252 Avg monthly ▼ 73.0% latest vs avg Click for monthly detail
~21% Est. net margin (likely) $178,069/yr est. net Click for cost model
$445k–$623k Est. acquisition range 0.64× 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $831,018 – $923,353/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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I-37 INC is a mixed-beverage licensed establishment at 2401 BASS PRO DR, Grapevine, Texas (TABC MB456005). Over the most recent 12 months it reported $831,018 in gross alcohol sales, averaging $69,252/month with a best month of $147,292. Sales mix: ~57% liquor · 25% beer · 18% wine. The building at this address is owned by ATRIUM FINANCE I LP (329,353 sqft, $90,422,815 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $178,069 (~21% margin). Acquisition value is estimated at $445k–$623k 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
$831,018
Avg monthly
$69,252
Best month
$147,292
Dec 2025
Sales mix
57% Liq
25% Beer · 18% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID07056567
Property owner (landlord)ATRIUM FINANCE I LP
Total building SF329,353
Assessed value$90,422,815

I-37 INC's share

Est. base rent ~$33/sqft/yr · 3,500 sqft · Class A $9,609/mo
NNN CAM / insurance$1,441/mo
NNN property tax$1,922/mo
Personal property tax est — no BPP record $166/mo
Total occupancy $13,139/mo

Occupancy analysis

All-in occupancy cost is 19.0% 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 $831,018 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~31%
Revenue$831,018
COGS (24%)−$199,444
Labor (14%)−$116,343
Occupancy−$141,896
TX MB gross tax (6.7%)−$55,678
Utilities / ins / mktg (8%)−$66,481
Card surcharge net+$9,141
Net profit $260,316
Most Likely
Typical bar, light food program, full two-shift staffing
~21%
Revenue$831,018
COGS (27%)−$224,375
Labor (17%)−$141,273
Occupancy−$157,662
TX MB gross tax (6.7%)−$55,678
Utilities / ins / mktg (10%)−$83,102
Card surcharge net+$9,141
Net profit $178,069
Stressed
Heavy food, larger crew, higher rent
~10%
Revenue$831,018
COGS (30%)−$249,305
Labor (22%)−$182,824
Occupancy−$173,429
TX MB gross tax (6.7%)−$55,678
Utilities / ins / mktg (12%)−$99,722
Card surcharge net+$9,141
Net profit $79,201
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 I-37 INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $178,069/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 (~$178,069 net) estimated

Revenue multiple
$416k–$665k
0.5–0.8× gross
SDE multiple
$445k–$623k
2.5–3.5× earnings
Cap rate
$540k–$712k
25–33%
Suggested range
$445k–$623k
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 2026-06-10

Lookup pending — check back tomorrow

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