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Financials

MB851836
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The Woolworth

1520 ELM ST STE 201, Dallas, TX 75201 · TABC MB851836

Mixed Beverage Dallas Market Enriched 2026-05-14
$1,407,001 Annual gross (L12M) ▲ 1.9% latest MoM Click for monthly detail
$117,250 Avg monthly ▲ 7.9% latest vs avg Click for monthly detail
~32% Est. net margin (likely) $446,875/yr est. net Click for cost model
$1,117k–$1,407k Est. acquisition range 0.90× 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $2,010,001 – $2,814,002/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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The Woolworth is a mixed-beverage licensed establishment at 1520 ELM ST STE 201, Dallas, Texas (TABC MB851836). Over the most recent 12 months it reported $1,407,001 in gross alcohol sales, averaging $117,250/month with a best month of $150,011. Sales mix: ~70% liquor · 7% beer · 22% wine. The building at this address is owned by 1401 ELM STREET LLC (1,238,685 sqft, $232,675,500 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $446,875 (~32% margin). Acquisition value is estimated at $1,117k–$1,407k 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
$1,407,001
Avg monthly
$117,250
Best month
$150,011
Oct 2025
Sales mix
70% Liq
7% Beer · 22% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000100441000000
Property owner (landlord)1401 ELM STREET LLC
Total building SF whole parcel — The Woolworth is in STE 2011,238,685
The Woolworth's footprint estimated — suite-level not on file 4,000 sf
Assessed value$232,675,500

The Woolworth's share

Est. base rent ~$19/sqft/yr · 4,000 sqft · Class B $6,261/mo
NNN CAM / insurance$939/mo
NNN property tax$1,503/mo
Personal property tax own fixtures · Prop 99820580000244950 $1,426/mo
Total occupancy $10,129/mo

Occupancy analysis

All-in occupancy cost is 8.6% 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 $1,407,001 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~41%
Revenue$1,407,001
COGS (24%)−$337,680
Labor (14%)−$196,980
Occupancy−$109,398
TX MB gross tax (6.7%)−$94,269
Utilities / ins / mktg (8%)−$112,560
Card surcharge net+$15,477
Net profit $571,591
Most Likely
Typical bar, light food program, full two-shift staffing
~32%
Revenue$1,407,001
COGS (27%)−$379,890
Labor (17%)−$239,190
Occupancy−$121,553
TX MB gross tax (6.7%)−$94,269
Utilities / ins / mktg (10%)−$140,700
Card surcharge net+$15,477
Net profit $446,875
Stressed
Heavy food, larger crew, higher rent
~21%
Revenue$1,407,001
COGS (30%)−$422,100
Labor (22%)−$309,540
Occupancy−$133,708
TX MB gross tax (6.7%)−$94,269
Utilities / ins / mktg (12%)−$168,840
Card surcharge net+$15,477
Net profit $294,020
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 Chef Time 1520 LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $446,875/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 (~$446,875 net) estimated

Revenue multiple
$704k–$1.13M
0.5–0.8× gross
SDE multiple
$1.12M–$1.56M
2.5–3.5× earnings
Cap rate
$1.35M–$1.79M
25–33%
Suggested range
$1,117k–$1,407k
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 2026-06-09

Lookup pending — check back tomorrow

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