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Financials

MB920095
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Dave & Buster's

849 E COMMERCE ST STE 740, San Antonio, TX 78205 · TABC MB920095

Mixed Beverage San Antonio Market Enriched 2026-07-10
$668,812 Annual gross (L12M) ▲ 12.9% latest MoM Click for monthly detail
$55,734 Avg monthly ▼ 5.6% latest vs avg Click for monthly detail
~27% Est. net margin (likely) $179,403/yr est. net Click for cost model
$449k–$628k Est. acquisition range 0.80× 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): $955,446 – $1,337,624/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

Dave & Buster's is a mixed-beverage licensed establishment at 849 E COMMERCE ST STE 740, San Antonio, Texas (TABC MB920095). Over the most recent 12 months it reported $668,812 in gross alcohol sales, averaging $55,734/month with a best month of $81,477. Sales mix: ~61% liquor · 37% beer · 2% wine. The building at this address is owned by CITY OF SAN ANTONIO $0 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $179,403 (~27% margin). Acquisition value is estimated at $449k–$628k 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
$668,812
Avg monthly
$55,734
Best month
$81,477
Mar 2026
Sales mix
61% Liq
37% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1298727
Property owner (landlord)CITY OF SAN ANTONIO
Dave & Buster's's footprint estimated — suite-level not on file 3,500 sf
Assessed value$0

Dave & Buster's's share

Est. base rent ~$20/sqft/yr · 3,500 sqft $5,852/mo
NNN CAM / insurance$878/mo
NNN property tax$0/mo
Personal property tax est — no BPP record $128/mo
Total occupancy $6,858/mo

Occupancy analysis

All-in occupancy cost is 12.3% 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 $668,812 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~36%
Revenue$668,812
COGS (24%)−$160,515
Labor (14%)−$93,634
Occupancy−$74,068
TX MB gross tax (6.7%)−$44,810
Utilities / ins / mktg (8%)−$53,505
Music licensingASCAP + BMI + SESAC + GMR combined−$8,500
Card surcharge net+$7,357
Net profit $241,137
Most Likely
Typical bar, light food program, full two-shift staffing
~27%
Revenue$668,812
COGS (27%)−$180,579
Labor (17%)−$113,698
Occupancy−$82,297
TX MB gross tax (6.7%)−$44,810
Utilities / ins / mktg (10%)−$66,881
Music licensingASCAP + BMI + SESAC + GMR combined−$8,500
Card surcharge net+$7,357
Net profit $179,403
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$668,812
COGS (30%)−$200,644
Labor (22%)−$147,139
Occupancy−$90,527
TX MB gross tax (6.7%)−$44,810
Utilities / ins / mktg (12%)−$80,257
Music licensingASCAP + BMI + SESAC + GMR combined−$8,500
Card surcharge net+$7,357
Net profit $104,292
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 Danb Texas INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $179,403/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 (~$179,403 net) estimated

Revenue multiple
$334k–$535k
0.5–0.8× gross
SDE multiple
$449k–$628k
2.5–3.5× earnings
Cap rate
$544k–$718k
25–33%
Suggested range
$449k–$628k
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 2026-05-22

No federal lawsuits — past or pending