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Financials

MB734783
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Ocean Prime

2101 CEDAR SPRINGS RD STE 320, Dallas, TX 75201 · TABC MB734783

Mixed Beverage Dallas Market Enriched 2026-05-24
$1,763,759 Annual gross (L12M) ▼ 3.4% latest MoM Click for monthly detail
$146,980 Avg monthly ▼ 6.7% latest vs avg Click for monthly detail
~31% Est. net margin (likely) $546,002/yr est. net Click for cost model
$1,365k–$1,764k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,856,588 – $2,075,011/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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Ocean Prime is a mixed-beverage licensed establishment at 2101 CEDAR SPRINGS RD STE 320, Dallas, Texas (TABC MB734783). Over the most recent 12 months it reported $1,763,759 in gross alcohol sales, averaging $146,980/month with a best month of $243,965. Sales mix: ~53% liquor · 2% beer · 44% wine. The building at this address is owned by GPI HRLP M&O LP (1,867,283 sqft, $359,673,990 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $546,002 (~31% margin). Acquisition value is estimated at $1,365k–$1,764k 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
$1,763,759
Avg monthly
$146,980
Best month
$243,965
Dec 2025
Sales mix
53% Liq
2% Beer · 44% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID000948000A0010000
Property owner (landlord)GPI HRLP M&O LP
Total building SF whole parcel — Ocean Prime is in STE 3201,867,283
Ocean Prime's footprint estimated — suite-level not on file 5,000 sf
Assessed value$359,673,990

Ocean Prime's share

Est. base rent ~$19/sqft/yr · 5,000 sqft · Class B $8,026/mo
NNN CAM / insurance$1,204/mo
NNN property tax$1,926/mo
Personal property tax own fixtures · Prop 99171221112000000 $2,724/mo
Total occupancy $13,880/mo

Occupancy analysis

All-in occupancy cost is 9.4% 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 $1,763,759 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~40%
Revenue$1,763,759
COGS (24%)−$423,302
Labor (14%)−$246,926
Occupancy−$149,901
TX MB gross tax (6.7%)−$118,172
Utilities / ins / mktg (8%)−$141,101
Card surcharge net+$19,401
Net profit $703,758
Most Likely
Typical bar, light food program, full two-shift staffing
~31%
Revenue$1,763,759
COGS (27%)−$476,215
Labor (17%)−$299,839
Occupancy−$166,557
TX MB gross tax (6.7%)−$118,172
Utilities / ins / mktg (10%)−$176,376
Card surcharge net+$19,401
Net profit $546,002
Stressed
Heavy food, larger crew, higher rent
~20%
Revenue$1,763,759
COGS (30%)−$529,128
Labor (22%)−$388,027
Occupancy−$183,213
TX MB gross tax (6.7%)−$118,172
Utilities / ins / mktg (12%)−$211,651
Card surcharge net+$19,401
Net profit $352,970
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 Prime Beverage LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $546,002/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 (~$546,002 net) estimated

Revenue multiple
$882k–$1.41M
0.5–0.8× gross
SDE multiple
$1.37M–$1.91M
2.5–3.5× earnings
Cap rate
$1.65M–$2.18M
25–33%
Suggested range
$1,365k–$1,764k
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 2026-06-04

No federal lawsuits — past or pending