Pappadeaux Seafood Kitchen

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): $2,986,118 – $5,375,012/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.

Executive Summary

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Pappadeaux Seafood Kitchen is a mixed-beverage licensed establishment at 600 W STATE HIGHWAY 114, Grapevine, Texas (TABC MB794981). Over the most recent 12 months it reported $1,343,753 in gross alcohol sales, averaging $111,979/month with a best month of $136,070. Sales mix: ~67% liquor · 11% beer · 23% wine. The building at this address is owned by PAPPAS RESTAURANTS INC (11,617 sqft, $4,193,717 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $301,001 (~22% margin). Acquisition value is estimated at $753k–$1,054k 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

$1,343,753

Avg monthly

$111,979

Best month

$136,070

Dec 2025

Sales mix

67% Liq

11% Beer · 23% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID41507762

Property owner (landlord)PAPPAS RESTAURANTS INC

Total building SF11,617

Assessed value$4,193,717

Pappadeaux Seafood Kitchen's share

Est. base rent ~$34/sqft/yr · 5,000 sqft · Class A $14,154/mo

NNN CAM / insurance$2,123/mo

NNN property tax$3,610/mo

Personal property tax est — no BPP record $269/mo

Total occupancy $20,156/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 $1,343,753 gross revenue estimated

Best Case

No kitchen, efficient staffing, favorable lease

~32%

Revenue$1,343,753

COGS (24%)−$322,501

Labor (14%)−$188,125

Occupancy−$217,688

TX MB gross tax (6.7%)−$90,031

Utilities / ins / mktg (8%)−$107,500

Card surcharge net+$14,781

Net profit $432,688

Most Likely

Typical bar, light food program, full two-shift staffing

~22%

Revenue$1,343,753

COGS (27%)−$362,813

Labor (17%)−$228,438

Occupancy−$241,876

TX MB gross tax (6.7%)−$90,031

Utilities / ins / mktg (10%)−$134,375

Card surcharge net+$14,781

Net profit $301,001

Stressed

Heavy food, larger crew, higher rent

~11%

Revenue$1,343,753

COGS (30%)−$403,126

Labor (22%)−$295,626

Occupancy−$266,063

TX MB gross tax (6.7%)−$90,031

Utilities / ins / mktg (12%)−$161,250

Card surcharge net+$14,781

Net profit $142,438

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 Pappas Restaurants INC looking up officers…

Number of owners

Ownership split

Equal split (50% each)

Based on the "Most Likely" scenario net profit of $301,001/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 (~$301,001 net) estimated

Revenue multiple

$672k–$1.08M

0.5–0.8× gross

SDE multiple

$753k–$1.05M

2.5–3.5× earnings

Cap rate

$912k–$1.20M

25–33%

Suggested range

$753k–$1,054k

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 $2,986,118–$5,375,012/yr in total revenue (your liquor portion of $1,343,753 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

$2,986k–$5,375k

food + liquor + service

Estimated net (10–15%)

$299k–$806k

restaurant margin

Full-business value

$821k–$2,956k

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

20 cases on file · 1 currently open · public records

20 federal cases

1 currently open

2 wage-and-hour

2 ADA

6 civil rights

As defendant in 14 cases · As plaintiff in 6

Most recent filing

Dukes v. Pappas Restaurants, Inc.

GAND · 2024-12-19 · CLOSED

Public records, last checked 2026-05-22

Financials

Executive Summary

Sales performance · last 12 months

Property & occupancy

Occupancy analysis

Profit scenarios

Owner income estimator

Acquisition value estimate

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

Federal court history