2215 E GRAPEVINE MILLS CIR, Grapevine, TX 76051 · TABC MB768940
Click to expand full narrative
Applebee's Neighborhood Grill & Bar is a mixed-beverage licensed establishment at 2215 E GRAPEVINE MILLS CIR, Grapevine, Texas (TABC MB768940). Over the most recent 12 months it reported $417,825 in gross alcohol sales, averaging $34,819/month with a best month of $41,359. Sales mix: ~65% liquor · 32% beer · 3% wine. The building at this address is owned by SCF RC FUNDING IV LLC (6,897 sqft, $1,915,231 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $93,593 (~22% margin). Acquisition value is estimated at $234k–$328k 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.
Texas Comptroller mixed-beverage gross receipts actual
County public records + submarket comps
Building (landlord parcel)
Applebee's Neighborhood Grill & Bar's share
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.
Texas bar cost model applied to $417,825 gross revenue estimated
Split likely net profit across ownership estimated
Based on most-likely scenario (~$93,593 net) estimated
We estimate this restaurant / bar pulls $928,500–$1,671,300/yr in total revenue (your liquor portion of $417,825 is roughly 25–45% 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).
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.
1 case on file · public records
—