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MB828661
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Hg Sply CO

2008 GREENVILLE AVE, Dallas, TX 75206 · TABC MB828661

Mixed Beverage Dallas Market Enriched 2026-05-24
$4,306,008 Annual gross (L12M) ▼ 8.7% latest MoM Click for monthly detail
$358,834 Avg monthly ▼ 1.0% latest vs avg Click for monthly detail
~33% Est. net margin (likely) $1,425,875/yr est. net Click for cost model
$3,565k–$4,306k Est. acquisition range 0.91× 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): $9,568,907 – $17,224,032/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

Hg Sply CO is a mixed-beverage licensed establishment at 2008 GREENVILLE AVE, Dallas, Texas (TABC MB828661). Over the most recent 12 months it reported $4,306,008 in gross alcohol sales, averaging $358,834/month with a best month of $499,021. Sales mix: ~77% liquor · 17% beer · 6% wine. The building at this address is owned by LAVO PROPERTIES LLC (21,469 sqft, $5,214,510 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,425,875 (~33% margin). Acquisition value is estimated at $3,565k–$4,306k 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
$4,306,008
Avg monthly
$358,834
Best month
$499,021
May 2025
Sales mix
77% Liq
17% Beer · 6% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000184747000000
Property owner (landlord)LAVO PROPERTIES LLC
Total building SF21,469
Assessed value$5,214,510

Hg Sply CO's share

Est. base rent ~$29/sqft/yr · 7,500 sqft · Class A $18,216/mo
NNN CAM / insurance$2,732/mo
NNN property tax$3,643/mo
Personal property tax own fixtures · Prop 99230823380000000 $1,554/mo
Total occupancy $26,146/mo

Occupancy analysis

All-in occupancy cost is 7.3% 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 $4,306,008 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~42%
Revenue$4,306,008
COGS (24%)−$1,033,442
Labor (14%)−$602,841
Occupancy−$282,377
TX MB gross tax (6.7%)−$288,503
Utilities / ins / mktg (8%)−$344,481
Card surcharge net+$47,366
Net profit $1,801,731
Most Likely
Typical bar, light food program, full two-shift staffing
~33%
Revenue$4,306,008
COGS (27%)−$1,162,622
Labor (17%)−$732,021
Occupancy−$313,752
TX MB gross tax (6.7%)−$288,503
Utilities / ins / mktg (10%)−$430,601
Card surcharge net+$47,366
Net profit $1,425,875
Stressed
Heavy food, larger crew, higher rent
~22%
Revenue$4,306,008
COGS (30%)−$1,291,802
Labor (22%)−$947,322
Occupancy−$345,127
TX MB gross tax (6.7%)−$288,503
Utilities / ins / mktg (12%)−$516,721
Card surcharge net+$47,366
Net profit $963,899
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 8020 Restaurant LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,425,875/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 (~$1,425,875 net) estimated

Revenue multiple
$2.15M–$3.44M
0.5–0.8× gross
SDE multiple
$3.56M–$4.99M
2.5–3.5× earnings
Cap rate
$4.32M–$5.70M
25–33%
Suggested range
$3,565k–$4,306k
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 $9,568,907–$17,224,032/yr in total revenue (your liquor portion of $4,306,008 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
$9,569k–$17,224k
food + liquor + service
Estimated net (10–15%)
$957k–$2,584k
restaurant margin
Full-business value
$2,631k–$9,473k
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 2026-05-25

Lookup pending — check back tomorrow

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