← Toyota Music Factory /

Financials

MB988802
Dashboard › Toyota Music Factory › Financial Intelligence

Toyota Music Factory

300 LAS COLINAS BLVD E, Irving, TX 75039 · TABC MB988802

Mixed Beverage Irving Market Enriched 2026-05-24
$5,920,728 Annual gross (L12M) ▲ 91.7% latest MoM Click for monthly detail
$493,394 Avg monthly ▲ 8.3% latest vs avg Click for monthly detail
~35% Est. net margin (likely) $2,076,675/yr est. net Click for cost model
$5,192k–$5,921k Est. acquisition range 0.94× 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 Music Venue, liquor is typically only 60–85% of total business revenue. Bar + ticket revenue. Estimated total revenue (rough): $6,965,562 – $9,867,880/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Toyota Music Factory My bars

Executive Summary

Click to expand full narrative

Toyota Music Factory is a mixed-beverage licensed establishment at 300 LAS COLINAS BLVD E, Irving, Texas (TABC MB988802). Over the most recent 12 months it reported $5,920,728 in gross alcohol sales, averaging $493,394/month with a best month of $1,378,007. Sales mix: ~100% liquor · 0% beer · 0% wine. The building at this address is owned by ALESIO GARDEN & (790,865 sqft, $161,187,900 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $2,076,675 (~35% margin). Acquisition value is estimated at $5,192k–$5,921k 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
$5,920,728
Avg monthly
$493,394
Best month
$1,378,007
Aug 2025
Sales mix
100% Liq
0% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID320758500A0010000
Property owner (landlord)ALESIO GARDEN &
Total building SF790,865
Assessed value$161,187,900

Toyota Music Factory's share

Est. base rent ~$24/sqft/yr · 7,500 sqft · Class A $15,286/mo
NNN CAM / insurance$2,293/mo
NNN property tax$3,057/mo
Personal property tax own fixtures · Prop 99141008250000000 $5,639/mo
Total occupancy $26,275/mo

Occupancy analysis

All-in occupancy cost is 5.3% 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 $5,920,728 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~44%
Revenue$5,920,728
COGS (24%)−$1,420,975
Labor (14%)−$828,902
Occupancy−$283,769
TX MB gross tax (6.7%)−$396,689
Utilities / ins / mktg (8%)−$473,658
Card surcharge net+$65,128
Net profit $2,581,863
Most Likely
Typical bar, light food program, full two-shift staffing
~35%
Revenue$5,920,728
COGS (27%)−$1,598,597
Labor (17%)−$1,006,524
Occupancy−$315,299
TX MB gross tax (6.7%)−$396,689
Utilities / ins / mktg (10%)−$592,073
Card surcharge net+$65,128
Net profit $2,076,675
Stressed
Heavy food, larger crew, higher rent
~25%
Revenue$5,920,728
COGS (30%)−$1,776,218
Labor (22%)−$1,302,560
Occupancy−$346,829
TX MB gross tax (6.7%)−$396,689
Utilities / ins / mktg (12%)−$710,487
Card surcharge net+$65,128
Net profit $1,453,072
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 Legends Hospitality LLC looking up officers…
6
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $2,076,675/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 (~$2,076,675 net) estimated

Revenue multiple
$2.96M–$4.74M
0.5–0.8× gross
SDE multiple
$5.19M–$7.27M
2.5–3.5× earnings
Cap rate
$6.29M–$8.31M
25–33%
Suggested range
$5,192k–$5,921k
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 2026-06-24

Lookup pending — check back tomorrow

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