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Financials

MB902404
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Del Frisco's Grille

1900 HUGHES LANDING BLVD STE 500, The Woodlands, TX 77380 · TABC MB902404

Mixed Beverage The Woodlands Market Enriched 2026-06-15
$1,447,427 Annual gross (L12M) ▲ 7.3% latest MoM Click for monthly detail
$120,619 Avg monthly ▼ 10.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $406,799/yr est. net Click for cost model
$1,017k–$1,424k Est. acquisition range 0.84× 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): $3,618,568 – $5,789,708/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 1900 HUGHES LANDING BLVD STE 500, The Woodlands, Texas (TABC MB902404). Over the most recent 12 months it reported $1,447,427 in gross alcohol sales, averaging $120,619/month with a best month of $188,104. Sales mix: ~50% liquor · 7% beer · 43% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $406,799 (~28% margin). Acquisition value is estimated at $1,017k–$1,424k 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
$1,447,427
Avg monthly
$120,619
Best month
$188,104
Dec 2025
Sales mix
50% Liq
7% Beer · 43% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$12,665/mo
NNN CAM / insurance$1,900/mo
Total occupancy$14,830/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $1,447,427 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,447,427
COGS (24%)−$347,382
Labor (14%)−$202,640
Occupancy−$160,165
TX MB gross tax (6.7%)−$96,978
Utilities / ins / mktg (8%)−$115,794
Card surcharge net+$15,922
Net profit $540,390
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,447,427
COGS (27%)−$390,805
Labor (17%)−$246,063
Occupancy−$177,961
TX MB gross tax (6.7%)−$96,978
Utilities / ins / mktg (10%)−$144,743
Card surcharge net+$15,922
Net profit $406,799
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,447,427
COGS (30%)−$434,228
Labor (22%)−$318,434
Occupancy−$195,757
TX MB gross tax (6.7%)−$96,978
Utilities / ins / mktg (12%)−$173,691
Card surcharge net+$15,922
Net profit $244,261
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 $406,799/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 (~$406,799 net) estimated

Revenue multiple
$724k–$1.16M
0.5–0.8× gross
SDE multiple
$1.02M–$1.42M
2.5–3.5× earnings
Cap rate
$1.23M–$1.63M
25–33%
Suggested range
$1,017k–$1,424k
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 $3,618,568–$5,789,708/yr in total revenue (your liquor portion of $1,447,427 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
$3,619k–$5,790k
food + liquor + service
Estimated net (10–15%)
$362k–$868k
restaurant margin
Full-business value
$995k–$3,184k
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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