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MB979811
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Topgolf

2201 E 4TH ST, Ft Worth, TX 76102 · TABC MB979811

Mixed Beverage Ft Worth Market Enriched 2026-05-24
$3,588,496 Annual gross (L12M) ▲ 24.9% latest MoM Click for monthly detail
$299,041 Avg monthly ▲ 15.9% latest vs avg Click for monthly detail
~33% Est. net margin (likely) $1,167,087/yr est. net Click for cost model
$2,918k–$3,588k Est. acquisition range 0.91× 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): $5,126,423 – $7,176,992/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

Topgolf is a mixed-beverage licensed establishment at 2201 E 4TH ST, Ft Worth, Texas (TABC MB979811). Over the most recent 12 months it reported $3,588,496 in gross alcohol sales, averaging $299,041/month with a best month of $346,634. Sales mix: ~50% liquor · 48% beer · 2% wine. The building at this address is owned by TOPGOLF USA FTWORTH LLC $1,491,593 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,167,087 (~33% margin). Acquisition value is estimated at $2,918k–$3,588k 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
$3,588,496
Avg monthly
$299,041
Best month
$346,634
Apr 2026
Sales mix
50% Liq
48% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID14424237
Property owner (landlord)TOPGOLF USA FTWORTH LLC
Assessed value$1,491,593

Topgolf's share

Est. base rent ~$30/sqft/yr · 7,500 sqft · Class A $18,751/mo
NNN CAM / insurance$2,813/mo
NNN property tax$1,492/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $23,555/mo

Occupancy analysis

All-in occupancy cost is 7.9% 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 $3,588,496 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~41%
Revenue$3,588,496
COGS (24%)−$861,239
Labor (14%)−$502,389
Occupancy−$254,399
TX MB gross tax (6.7%)−$240,429
Utilities / ins / mktg (8%)−$287,080
Card surcharge net+$39,473
Net profit $1,482,433
Most Likely
Typical bar, light food program, full two-shift staffing
~33%
Revenue$3,588,496
COGS (27%)−$968,894
Labor (17%)−$610,044
Occupancy−$282,665
TX MB gross tax (6.7%)−$240,429
Utilities / ins / mktg (10%)−$358,850
Card surcharge net+$39,473
Net profit $1,167,087
Stressed
Heavy food, larger crew, higher rent
~22%
Revenue$3,588,496
COGS (30%)−$1,076,549
Labor (22%)−$789,469
Occupancy−$310,932
TX MB gross tax (6.7%)−$240,429
Utilities / ins / mktg (12%)−$430,620
Card surcharge net+$39,473
Net profit $779,971
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 Topgolf USA Ft. Worth LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,167,087/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 (~$1,167,087 net) estimated

Revenue multiple
$1.79M–$2.87M
0.5–0.8× gross
SDE multiple
$2.92M–$4.08M
2.5–3.5× earnings
Cap rate
$3.54M–$4.67M
25–33%
Suggested range
$2,918k–$3,588k
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 2026-05-26

Lookup pending — check back tomorrow

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