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MB854361
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Del Frisco's Grille

1200 E SOUTHLAKE BLVD, Southlake, TX 76092 · TABC MB854361

Mixed Beverage Southlake Market Enriched 2026-06-15
$1,309,510 Annual gross (L12M) ▲ 20.1% latest MoM Click for monthly detail
$109,126 Avg monthly ▲ 2.2% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $293,330/yr est. net Click for cost model
$733k–$1,027k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $3,273,775 – $5,238,040/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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Del Frisco's Grille is a mixed-beverage licensed establishment at 1200 E SOUTHLAKE BLVD, Southlake, Texas (TABC MB854361). Over the most recent 12 months it reported $1,309,510 in gross alcohol sales, averaging $109,126/month with a best month of $179,327. Sales mix: ~53% liquor · 5% beer · 42% wine. The building at this address is owned by KRG TOWN SQUARE VENTURES LLC (8,492 sqft, $5,563,992 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $293,330 (~22% margin). Acquisition value is estimated at $733k–$1,027k 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
$1,309,510
Avg monthly
$109,126
Best month
$179,327
Dec 2025
Sales mix
53% Liq
5% Beer · 42% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID41688678
Property owner (landlord)KRG TOWN SQUARE VENTURES LLC
Total building SF8,492
Assessed value$5,563,992

Del Frisco's Grille's share

Est. base rent ~$29/sqft/yr · 5,000 sqft · Class A $12,015/mo
NNN CAM / insurance$1,802/mo
NNN property tax$5,564/mo
Personal property tax est — no BPP record $262/mo
Total occupancy $19,643/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 $1,309,510 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$1,309,510
COGS (24%)−$314,282
Labor (14%)−$183,331
Occupancy−$212,141
TX MB gross tax (6.7%)−$87,737
Utilities / ins / mktg (8%)−$104,761
Card surcharge net+$14,405
Net profit $421,662
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,309,510
COGS (27%)−$353,568
Labor (17%)−$222,617
Occupancy−$235,712
TX MB gross tax (6.7%)−$87,737
Utilities / ins / mktg (10%)−$130,951
Card surcharge net+$14,405
Net profit $293,330
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,309,510
COGS (30%)−$392,853
Labor (22%)−$288,092
Occupancy−$259,283
TX MB gross tax (6.7%)−$87,737
Utilities / ins / mktg (12%)−$157,141
Card surcharge net+$14,405
Net profit $138,808
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 Dfrg Beverage CORP looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $293,330/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 (~$293,330 net) estimated

Revenue multiple
$655k–$1.05M
0.5–0.8× gross
SDE multiple
$733k–$1.03M
2.5–3.5× earnings
Cap rate
$889k–$1.17M
25–33%
Suggested range
$733k–$1,027k
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 · Steakhouse

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

We estimate this steakhouse pulls $3,273,775–$5,238,040/yr in total revenue (your liquor portion of $1,309,510 is roughly 25–40% 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
$3,274k–$5,238k
food + liquor + service
Estimated net (10–15%)
$327k–$786k
restaurant margin
Full-business value
$900k–$2,881k
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

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