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MB579652
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Nobu Dallas

400 CRESCENT CT, Dallas, TX 75201 · TABC MB579652

Mixed Beverage Dallas Market Enriched 2026-05-24
$2,202,497 Annual gross (L12M) ▼ 0.9% latest MoM Click for monthly detail
$183,541 Avg monthly ▼ 21.1% latest vs avg Click for monthly detail
~31% Est. net margin (likely) $686,695/yr est. net Click for cost model
$1,717k–$2,202k Est. acquisition range 0.89× 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 Sushi Restaurant, liquor is typically only 15–30% of total business revenue. Sake + cocktails; food is the headline. Estimated total revenue (rough): $7,341,657 – $14,683,313/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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Nobu Dallas is a mixed-beverage licensed establishment at 400 CRESCENT CT, Dallas, Texas (TABC MB579652). Over the most recent 12 months it reported $2,202,497 in gross alcohol sales, averaging $183,541/month with a best month of $235,616. Sales mix: ~56% liquor · 6% beer · 38% wine. The building at this address is owned by GPIF TC OWNER LLC (4,860,917 sqft, $874,965,220 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $686,695 (~31% margin). Acquisition value is estimated at $1,717k–$2,202k 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
$2,202,497
Avg monthly
$183,541
Best month
$235,616
Oct 2025
Sales mix
56% Liq
6% Beer · 38% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID000948000201A9900
Property owner (landlord)GPIF TC OWNER LLC
Total building SF4,860,917
Assessed value$874,965,220

Nobu Dallas's share

Est. base rent ~$18/sqft/yr · 7,500 sqft · Class B $11,250/mo
NNN CAM / insurance$1,688/mo
NNN property tax$2,700/mo
Personal property tax own fixtures · Prop 99080116330000000 $1,289/mo
Total occupancy $16,926/mo

Occupancy analysis

All-in occupancy cost is 9.2% 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 $2,202,497 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~40%
Revenue$2,202,497
COGS (24%)−$528,599
Labor (14%)−$308,350
Occupancy−$182,803
TX MB gross tax (6.7%)−$147,567
Utilities / ins / mktg (8%)−$176,200
Card surcharge net+$24,227
Net profit $883,206
Most Likely
Typical bar, light food program, full two-shift staffing
~31%
Revenue$2,202,497
COGS (27%)−$594,674
Labor (17%)−$374,424
Occupancy−$203,114
TX MB gross tax (6.7%)−$147,567
Utilities / ins / mktg (10%)−$220,250
Card surcharge net+$24,227
Net profit $686,695
Stressed
Heavy food, larger crew, higher rent
~20%
Revenue$2,202,497
COGS (30%)−$660,749
Labor (22%)−$484,549
Occupancy−$223,425
TX MB gross tax (6.7%)−$147,567
Utilities / ins / mktg (12%)−$264,300
Card surcharge net+$24,227
Net profit $446,134
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 Nobu Beverage CORP looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $686,695/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 (~$686,695 net) estimated

Revenue multiple
$1.10M–$1.76M
0.5–0.8× gross
SDE multiple
$1.72M–$2.40M
2.5–3.5× earnings
Cap rate
$2.08M–$2.75M
25–33%
Suggested range
$1,717k–$2,202k
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 · Sushi Restaurant

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

We estimate this sushi restaurant pulls $7,341,657–$14,683,313/yr in total revenue (your liquor portion of $2,202,497 is roughly 15–30% 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
$7,342k–$14,683k
food + liquor + service
Estimated net (10–15%)
$734k–$2,202k
restaurant margin
Full-business value
$2,019k–$8,076k
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 2026-06-01

Lookup pending — check back tomorrow

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