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Financials

MB477661
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Main Event

407 W STATE HIGHWAY 114, Grapevine, TX 76051 · TABC MB477661

Mixed Beverage Grapevine Market Enriched 2026-08-29
$513,881 Annual gross (L12M) ▼ 32.5% latest MoM Click for monthly detail
$42,823 Avg monthly ▼ 17.8% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $144,323/yr est. net Click for cost model
$361k–$505k Est. acquisition range 0.84× 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $734,116 – $1,027,762/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

Main Event is a mixed-beverage licensed establishment at 407 W STATE HIGHWAY 114, Grapevine, Texas (TABC MB477661). Over the most recent 12 months it reported $513,881 in gross alcohol sales, averaging $42,823/month with a best month of $85,437. Sales mix: ~61% liquor · 37% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $144,323 (~28% margin). Acquisition value is estimated at $361k–$505k 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
$513,881
Avg monthly
$42,823
Best month
$85,437
Dec 2025
Sales mix
61% Liq
37% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$4,496/mo
NNN CAM / insurance$674/mo
Total occupancy$5,274/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $513,881 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$513,881
COGS (24%)−$123,331
Labor (14%)−$71,943
Occupancy−$56,956
TX MB gross tax (6.7%)−$34,430
Utilities / ins / mktg (8%)−$41,110
Card surcharge net+$5,653
Net profit $191,762
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$513,881
COGS (27%)−$138,748
Labor (17%)−$87,360
Occupancy−$63,284
TX MB gross tax (6.7%)−$34,430
Utilities / ins / mktg (10%)−$51,388
Card surcharge net+$5,653
Net profit $144,323
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$513,881
COGS (30%)−$154,164
Labor (22%)−$113,054
Occupancy−$69,613
TX MB gross tax (6.7%)−$34,430
Utilities / ins / mktg (12%)−$61,666
Card surcharge net+$5,653
Net profit $86,607
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 Main Event Entertainment INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $144,323/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 (~$144,323 net) estimated

Revenue multiple
$257k–$411k
0.5–0.8× gross
SDE multiple
$361k–$505k
2.5–3.5× earnings
Cap rate
$437k–$577k
25–33%
Suggested range
$361k–$505k
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 2026-08-26

No federal lawsuits — past or pending