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Financials

MB836401
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Three Links - Deep Ellum

2704 ELM ST, Dallas, TX 75226 · TABC MB836401

Mixed Beverage Dallas Market Enriched 2026-09-13
$335,189 Annual gross (L12M) ▼ 100.0% latest MoM Click for monthly detail
$30,472 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $75,082/yr est. net Click for cost model
$188k–$263k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $335,189 – $372,432/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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Three Links - Deep Ellum is a mixed-beverage licensed establishment at 2704 ELM ST, Dallas, Texas (TABC MB836401). Over the most recent 12 months it reported $335,189 in gross alcohol sales, averaging $30,472/month with a best month of $38,672. Sales mix: ~66% liquor · 33% beer · 0% wine. The building at this address is owned by RXR KORMAN DEEP ELLUM OWNER LLC (31,101 sqft, $10,000,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $75,082 (~22% margin). Acquisition value is estimated at $188k–$263k 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
$335,189
Avg monthly
$30,472
Best month
$38,672
May 2025
Sales mix
66% Liq
33% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000106390000000
Property owner (landlord)RXR KORMAN DEEP ELLUM OWNER LLC
Total building SF31,101
Assessed value$10,000,000

Three Links - Deep Ellum's share

Est. base rent ~$7/sqft/yr · 2,500 sqft · Class A $1,370/mo
NNN CAM / insurance$206/mo
NNN property tax$1,608/mo
Personal property tax own fixtures · Prop 99260408690000000 $1,845/mo
Total occupancy $5,028/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 $335,189 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$335,189
COGS (24%)−$80,445
Labor (14%)−$46,926
Occupancy−$54,301
TX MB gross tax (6.7%)−$22,458
Utilities / ins / mktg (8%)−$26,815
Card surcharge net+$3,687
Net profit $107,931
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$335,189
COGS (27%)−$90,501
Labor (17%)−$56,982
Occupancy−$60,334
TX MB gross tax (6.7%)−$22,458
Utilities / ins / mktg (10%)−$33,519
Card surcharge net+$3,687
Net profit $75,082
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$335,189
COGS (30%)−$100,557
Labor (22%)−$73,742
Occupancy−$66,367
TX MB gross tax (6.7%)−$22,458
Utilities / ins / mktg (12%)−$40,223
Card surcharge net+$3,687
Net profit $35,530
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 Oeste Tres LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $75,082/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 (~$75,082 net) estimated

Revenue multiple
$168k–$268k
0.5–0.8× gross
SDE multiple
$188k–$263k
2.5–3.5× earnings
Cap rate
$228k–$300k
25–33%
Suggested range
$188k–$263k
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.

Federal court history

Public records · last checked 2026-07-10

No federal lawsuits — past or pending