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Financials

MB875671
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Astoria

15701 QUORUM DR, Addison, TX 75001 · TABC MB875671

Mixed Beverage Addison Market Enriched 2026-09-11
$110,075 Annual gross (L12M) ▼ 2.1% latest MoM Click for monthly detail
$9,173 Avg monthly ▼ 9.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $24,657/yr est. net Click for cost model
$62k–$86k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $115,868 – $129,500/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

Astoria is a mixed-beverage licensed establishment at 15701 QUORUM DR, Addison, Texas (TABC MB875671). Over the most recent 12 months it reported $110,075 in gross alcohol sales, averaging $9,173/month with a best month of $9,987. Sales mix: ~35% liquor · 14% beer · 50% wine. The building at this address is owned by POST ADDISON CIRCLE (773,939 sqft, $145,869,560 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $24,657 (~22% margin). Acquisition value is estimated at $62k–$86k 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
$110,075
Avg monthly
$9,173
Best month
$9,987
Nov 2025
Sales mix
35% Liq
14% Beer · 50% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID100005600A0010000
Property owner (landlord)POST ADDISON CIRCLE
Total building SF773,939
Assessed value$145,869,560

Astoria's share

Est. base rent ~$3/sqft/yr · 2,500 sqft · Class B $584/mo
NNN CAM / insurance$88/mo
NNN property tax$942/mo
Personal property tax own fixtures · Prop 99071126700000000 $37/mo
Total occupancy $1,651/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 $110,075 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$110,075
COGS (24%)−$26,418
Labor (14%)−$15,411
Occupancy−$17,832
TX MB gross tax (6.7%)−$7,375
Utilities / ins / mktg (8%)−$8,806
Card surcharge net+$1,211
Net profit $35,444
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$110,075
COGS (27%)−$29,720
Labor (17%)−$18,713
Occupancy−$19,814
TX MB gross tax (6.7%)−$7,375
Utilities / ins / mktg (10%)−$11,008
Card surcharge net+$1,211
Net profit $24,657
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$110,075
COGS (30%)−$33,022
Labor (22%)−$24,216
Occupancy−$21,795
TX MB gross tax (6.7%)−$7,375
Utilities / ins / mktg (12%)−$13,209
Card surcharge net+$1,211
Net profit $11,668
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 Tn Management LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $24,657/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 (~$24,657 net) estimated

Revenue multiple
$55k–$88k
0.5–0.8× gross
SDE multiple
$62k–$86k
2.5–3.5× earnings
Cap rate
$75k–$99k
25–33%
Suggested range
$62k–$86k
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 2026-09-24

Lookup pending — check back tomorrow

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