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MB558794
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Gilley's Dallas

1135 S LAMAR ST, Dallas, TX 75215 · TABC MB558794

Mixed Beverage Dallas Market Enriched 2026-05-24
$4,689,236 Annual gross (L12M) ▲ 113.7% latest MoM Click for monthly detail
$390,770 Avg monthly ▲ 58.0% latest vs avg Click for monthly detail
~32% Est. net margin (likely) $1,495,660/yr est. net Click for cost model
$3,739k–$4,689k Est. acquisition range 0.90× 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $4,936,038 – $5,861,545/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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Gilley's Dallas is a mixed-beverage licensed establishment at 1135 S LAMAR ST, Dallas, Texas (TABC MB558794). Over the most recent 12 months it reported $4,689,236 in gross alcohol sales, averaging $390,770/month with a best month of $693,873. Sales mix: ~63% liquor · 31% beer · 5% wine. The building at this address is owned by SCHEPPS LIBBIE LLC (23,624 sqft, $7,225,270 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,495,660 (~32% margin). Acquisition value is estimated at $3,739k–$4,689k 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
$4,689,236
Avg monthly
$390,770
Best month
$693,873
Oct 2025
Sales mix
63% Liq
31% Beer · 5% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000140545000000
Property owner (landlord)SCHEPPS LIBBIE LLC
Total building SF23,624
Assessed value$7,225,270

Gilley's Dallas's share

Est. base rent ~$37/sqft/yr · 7,500 sqft · Class A $22,938/mo
NNN CAM / insurance$3,441/mo
NNN property tax$4,588/mo
Personal property tax own fixtures · Prop 99070802110000000 $2,266/mo
Total occupancy $33,233/mo

Occupancy analysis

All-in occupancy cost is 8.5% 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 $4,689,236 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~41%
Revenue$4,689,236
COGS (24%)−$1,125,417
Labor (14%)−$656,493
Occupancy−$358,912
TX MB gross tax (6.7%)−$314,179
Utilities / ins / mktg (8%)−$375,139
Card surcharge net+$51,582
Net profit $1,910,678
Most Likely
Typical bar, light food program, full two-shift staffing
~32%
Revenue$4,689,236
COGS (27%)−$1,266,094
Labor (17%)−$797,170
Occupancy−$398,791
TX MB gross tax (6.7%)−$314,179
Utilities / ins / mktg (10%)−$468,924
Card surcharge net+$51,582
Net profit $1,495,660
Stressed
Heavy food, larger crew, higher rent
~21%
Revenue$4,689,236
COGS (30%)−$1,406,771
Labor (22%)−$1,031,632
Occupancy−$438,670
TX MB gross tax (6.7%)−$314,179
Utilities / ins / mktg (12%)−$562,708
Card surcharge net+$51,582
Net profit $986,858
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 G Texas Custom Catering LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,495,660/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 (~$1,495,660 net) estimated

Revenue multiple
$2.34M–$3.75M
0.5–0.8× gross
SDE multiple
$3.74M–$5.23M
2.5–3.5× earnings
Cap rate
$4.53M–$5.98M
25–33%
Suggested range
$3,739k–$4,689k
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 2026-09-10

Lookup pending — check back tomorrow

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