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Financials

MB742241
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Bob's Steak & Chophouse

4300 LEMMON AVE, Dallas, TX 75219 · TABC MB742241

Mixed Beverage Dallas Market Enriched 2026-05-24
$2,845,707 Annual gross (L12M) ▲ 8.4% latest MoM Click for monthly detail
$237,142 Avg monthly ▲ 7.5% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $637,438/yr est. net Click for cost model
$1,594k–$2,231k Est. acquisition range 0.67× 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $7,114,268 – $11,382,828/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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Bob's Steak & Chophouse is a mixed-beverage licensed establishment at 4300 LEMMON AVE, Dallas, Texas (TABC MB742241). Over the most recent 12 months it reported $2,845,707 in gross alcohol sales, averaging $237,142/month with a best month of $368,042. Sales mix: ~42% liquor · 2% beer · 56% wine. The building at this address is owned by SEJ ASSET MGMT & INVESTMENT COMPANY (6,311 sqft, $4,821,540 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $637,438 (~22% margin). Acquisition value is estimated at $1,594k–$2,231k 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
$2,845,707
Avg monthly
$237,142
Best month
$368,042
Dec 2025
Sales mix
42% Liq
2% Beer · 56% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID001500000605A0000
Property owner (landlord)SEJ ASSET MGMT & INVESTMENT COMPANY
Total building SF6,311
Assessed value$4,821,540

Bob's Steak & Chophouse's share

Est. base rent ~$52/sqft/yr · 7,500 sqft · Class A $32,212/mo
NNN CAM / insurance$4,832/mo
NNN property tax$4,822/mo
Personal property tax own fixtures · Prop 99932140000018300 $820/mo
Total occupancy $42,686/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $2,845,707 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$2,845,707
COGS (24%)−$682,970
Labor (14%)−$398,399
Occupancy−$461,005
TX MB gross tax (6.7%)−$190,662
Utilities / ins / mktg (8%)−$227,657
Card surcharge net+$31,303
Net profit $916,318
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$2,845,707
COGS (27%)−$768,341
Labor (17%)−$483,770
Occupancy−$512,227
TX MB gross tax (6.7%)−$190,662
Utilities / ins / mktg (10%)−$284,571
Card surcharge net+$31,303
Net profit $637,438
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$2,845,707
COGS (30%)−$853,712
Labor (22%)−$626,056
Occupancy−$563,450
TX MB gross tax (6.7%)−$190,662
Utilities / ins / mktg (12%)−$341,485
Card surcharge net+$31,303
Net profit $301,645
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 Lemmon Avenue Holdings LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $637,438/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 (~$637,438 net) estimated

Revenue multiple
$1.42M–$2.28M
0.5–0.8× gross
SDE multiple
$1.59M–$2.23M
2.5–3.5× earnings
Cap rate
$1.93M–$2.55M
25–33%
Suggested range
$1,594k–$2,231k
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 · Steakhouse

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

We estimate this steakhouse pulls $7,114,268–$11,382,828/yr in total revenue (your liquor portion of $2,845,707 is roughly 25–40% 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
$7,114k–$11,383k
food + liquor + service
Estimated net (10–15%)
$711k–$1,707k
restaurant margin
Full-business value
$1,956k–$6,261k
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 2026-05-26

No federal lawsuits — past or pending