← High Fives /

Financials

MB908650
Dashboard › High Fives › Financial Intelligence

High Fives

1804 MCMILLAN AVE, Dallas, TX 75206 · TABC MB908650

Mixed Beverage Dallas Market Enriched 2026-09-11
$257,890 Annual gross (L12M) Click for monthly detail
$42,982 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $57,767/yr est. net Click for cost model
$144k–$202k 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): $257,890 – $286,544/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to High Fives My bars

Executive Summary

Click to expand full narrative

High Fives is a mixed-beverage licensed establishment at 1804 MCMILLAN AVE, Dallas, Texas (TABC MB908650). Over the most recent 12 months it reported $257,890 in gross alcohol sales, averaging $42,982/month with a best month of $80,794. Sales mix: ~75% liquor · 23% beer · 1% wine. The building at this address is owned by HENDERSON AVE MAIN OWNER LLC (7,166 sqft, $2,190,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $57,767 (~22% margin). Acquisition value is estimated at $144k–$202k 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
$257,890
Avg monthly
$42,982
Best month
$80,794
Oct 2025
Sales mix
75% Liq
23% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000191200000000
Property owner (landlord)HENDERSON AVE MAIN OWNER LLC
Total building SF7,166
Assessed value$2,190,000

High Fives's share

Est. base rent ~$9/sqft/yr · 2,500 sqft · Class A $1,930/mo
NNN CAM / insurance$290/mo
NNN property tax$1,528/mo
Personal property tax own fixtures · Prop 99150908210000000 $121/mo
Total occupancy $3,868/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 $257,890 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$257,890
COGS (24%)−$61,894
Labor (14%)−$36,105
Occupancy−$41,778
TX MB gross tax (6.7%)−$17,279
Utilities / ins / mktg (8%)−$20,631
Card surcharge net+$2,837
Net profit $83,041
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$257,890
COGS (27%)−$69,630
Labor (17%)−$43,841
Occupancy−$46,420
TX MB gross tax (6.7%)−$17,279
Utilities / ins / mktg (10%)−$25,789
Card surcharge net+$2,837
Net profit $57,767
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$257,890
COGS (30%)−$77,367
Labor (22%)−$56,736
Occupancy−$51,062
TX MB gross tax (6.7%)−$17,279
Utilities / ins / mktg (12%)−$30,947
Card surcharge net+$2,837
Net profit $27,336
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 Not Uptown LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $57,767/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 (~$57,767 net) estimated

Revenue multiple
$129k–$206k
0.5–0.8× gross
SDE multiple
$144k–$202k
2.5–3.5× earnings
Cap rate
$175k–$231k
25–33%
Suggested range
$144k–$202k
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 2026-05-25

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.