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Financials

MB991370
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Grimaldi's Coal Brick Oven Pizzeria

8889 GATEWAY BLVD W STE 1200, El Paso, TX 79925 · TABC MB991370

Mixed Beverage El Paso Market Enriched 2026-09-11
$529,410 Annual gross (L12M) ▼ 5.1% latest MoM Click for monthly detail
$44,118 Avg monthly ▼ 6.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $118,588/yr est. net Click for cost model
$296k–$415k 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 Pizza Restaurant, liquor is typically only 10–25% of total business revenue. Pizza-forward; liquor a side program. Total revenue 4–10× this number. Estimated total revenue (rough): $2,117,640 – $5,294,100/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

Grimaldi's Coal Brick Oven Pizzeria is a mixed-beverage licensed establishment at 8889 GATEWAY BLVD W STE 1200, El Paso, Texas (TABC MB991370). Over the most recent 12 months it reported $529,410 in gross alcohol sales, averaging $44,118/month with a best month of $51,708. Sales mix: ~32% liquor · 28% beer · 40% wine. The building at this address is owned by THE FOUNTAINS AT FARAH GP LLC (259,369 sqft, $82,500,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $118,588 (~22% margin). Acquisition value is estimated at $296k–$415k 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
$529,410
Avg monthly
$44,118
Best month
$51,708
May 2026
Sales mix
32% Liq
28% Beer · 40% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID362247
Property owner (landlord)THE FOUNTAINS AT FARAH GP LLC
Total building SF whole parcel — Grimaldi's Coal Brick Oven Pizzeria is in STE 1200259,369
Grimaldi's Coal Brick Oven Pizzeria's footprint estimated — suite-level not on file 3,500 sf
Assessed value$82,500,000

Grimaldi's Coal Brick Oven Pizzeria's share

Est. base rent ~$16/sqft/yr · 3,500 sqft · Class A $4,793/mo
NNN CAM / insurance$719/mo
NNN property tax$2,319/mo
Personal property tax est — no BPP record $110/mo
Total occupancy $7,941/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 $529,410 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$529,410
COGS (24%)−$127,058
Labor (14%)−$74,117
Occupancy−$85,764
TX MB gross tax (6.7%)−$35,470
Utilities / ins / mktg (8%)−$42,353
Card surcharge net+$5,824
Net profit $170,470
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$529,410
COGS (27%)−$142,941
Labor (17%)−$90,000
Occupancy−$95,294
TX MB gross tax (6.7%)−$35,470
Utilities / ins / mktg (10%)−$52,941
Card surcharge net+$5,824
Net profit $118,588
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$529,410
COGS (30%)−$158,823
Labor (22%)−$116,470
Occupancy−$104,823
TX MB gross tax (6.7%)−$35,470
Utilities / ins / mktg (12%)−$63,529
Card surcharge net+$5,824
Net profit $56,117
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 Fountains El Paso Pizzeria INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $118,588/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 (~$118,588 net) estimated

Revenue multiple
$265k–$424k
0.5–0.8× gross
SDE multiple
$296k–$415k
2.5–3.5× earnings
Cap rate
$359k–$474k
25–33%
Suggested range
$296k–$415k
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 · Pizza Restaurant

If you're buying the whole restaurant, not just the bar program

We estimate this pizza restaurant pulls $2,117,640–$5,294,100/yr in total revenue (your liquor portion of $529,410 is roughly 10–25% 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
$2,118k–$5,294k
food + liquor + service
Estimated net (10–15%)
$212k–$794k
restaurant margin
Full-business value
$582k–$2,912k
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 2026-08-16

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