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MB791006
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Fish City Grill

1019 W UNIVERSITY AVE STE 1025, Georgetown, TX 78628 · TABC MB791006

Mixed Beverage Georgetown Market Enriched 2026-07-09
$383,158 Annual gross (L12M) ▲ 4.7% latest MoM Click for monthly detail
$31,930 Avg monthly ▲ 8.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $107,480/yr est. net Click for cost model
$269k–$376k Est. acquisition range 0.84× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $851,462 – $1,532,632/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Fish City Grill is a mixed-beverage licensed establishment at 1019 W UNIVERSITY AVE STE 1025, Georgetown, Texas (TABC MB791006). Over the most recent 12 months it reported $383,158 in gross alcohol sales, averaging $31,930/month with a best month of $36,795. Sales mix: ~50% liquor · 22% beer · 28% wine. The building at this address is owned by TARGET CORPORATION $0 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $107,480 (~28% margin). Acquisition value is estimated at $269k–$376k 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
$383,158
Avg monthly
$31,930
Best month
$36,795
Feb 2026
Sales mix
50% Liq
22% Beer · 28% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record IDR445271
Property owner (landlord)TARGET CORPORATION
Fish City Grill's footprint estimated — suite-level not on file 2,500 sf
Assessed value$0

Fish City Grill's share

Est. base rent ~$16/sqft/yr · 2,500 sqft $3,353/mo
NNN CAM / insurance$503/mo
NNN property tax$0/mo
Personal property tax est — no BPP record $88/mo
Total occupancy $3,943/mo

Occupancy analysis

All-in occupancy cost is 12.3% 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 $383,158 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$383,158
COGS (24%)−$91,958
Labor (14%)−$53,642
Occupancy−$42,585
TX MB gross tax (6.7%)−$25,672
Utilities / ins / mktg (8%)−$30,653
Card surcharge net+$4,215
Net profit $142,864
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$383,158
COGS (27%)−$103,453
Labor (17%)−$65,137
Occupancy−$47,316
TX MB gross tax (6.7%)−$25,672
Utilities / ins / mktg (10%)−$38,316
Card surcharge net+$4,215
Net profit $107,480
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$383,158
COGS (30%)−$114,947
Labor (22%)−$84,295
Occupancy−$52,048
TX MB gross tax (6.7%)−$25,672
Utilities / ins / mktg (12%)−$45,979
Card surcharge net+$4,215
Net profit $64,432
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 Fcg Georgetown LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $107,480/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 (~$107,480 net) estimated

Revenue multiple
$192k–$307k
0.5–0.8× gross
SDE multiple
$269k–$376k
2.5–3.5× earnings
Cap rate
$326k–$430k
25–33%
Suggested range
$269k–$376k
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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $851,462–$1,532,632/yr in total revenue (your liquor portion of $383,158 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).

Estimated total revenue
$851k–$1,533k
food + liquor + service
Estimated net (10–15%)
$85k–$230k
restaurant margin
Full-business value
$234k–$843k
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 2026-06-10

No federal lawsuits — past or pending