← Leela & Milli /

Financials

MB995830
Dashboard › Leela & Milli › Financial Intelligence

Leela & Milli

1914 GREENVILLE AVE, Dallas, TX 75206 · TABC MB995830

Mixed Beverage Dallas Market Enriched 2026-05-24
$1,879,270 Annual gross (L12M) ▼ 5.2% latest MoM Click for monthly detail
$156,606 Avg monthly ▼ 26.9% latest vs avg Click for monthly detail
~31% Est. net margin (likely) $577,605/yr est. net Click for cost model
$1,444k–$1,879k Est. acquisition range 0.88× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,978,179 – $2,210,906/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Leela & Milli My bars

Executive Summary

Click to expand full narrative

Leela & Milli is a mixed-beverage licensed establishment at 1914 GREENVILLE AVE, Dallas, Texas (TABC MB995830). Over the most recent 12 months it reported $1,879,270 in gross alcohol sales, averaging $156,606/month with a best month of $302,960. Sales mix: ~83% liquor · 5% beer · 13% wine. The building at this address is owned by LOWGREEN PS (20,415 sqft, $4,403,700 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $577,605 (~31% margin). Acquisition value is estimated at $1,444k–$1,879k 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
$1,879,270
Avg monthly
$156,606
Best month
$302,960
Dec 2025
Sales mix
83% Liq
5% Beer · 13% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000184942000000
Property owner (landlord)LOWGREEN PS
Total building SF20,415
Assessed value$4,403,700

Leela & Milli's share

Est. base rent ~$26/sqft/yr · 5,000 sqft · Class A $10,785/mo
NNN CAM / insurance$1,618/mo
NNN property tax$2,157/mo
Personal property tax own fixtures · Prop 99220929300000000 $575/mo
Total occupancy $15,135/mo

Occupancy analysis

All-in occupancy cost is 9.7% 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 $1,879,270 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~40%
Revenue$1,879,270
COGS (24%)−$451,025
Labor (14%)−$263,098
Occupancy−$163,458
TX MB gross tax (6.7%)−$125,911
Utilities / ins / mktg (8%)−$150,342
Card surcharge net+$20,672
Net profit $746,109
Most Likely
Typical bar, light food program, full two-shift staffing
~31%
Revenue$1,879,270
COGS (27%)−$507,403
Labor (17%)−$319,476
Occupancy−$181,620
TX MB gross tax (6.7%)−$125,911
Utilities / ins / mktg (10%)−$187,927
Card surcharge net+$20,672
Net profit $577,605
Stressed
Heavy food, larger crew, higher rent
~20%
Revenue$1,879,270
COGS (30%)−$563,781
Labor (22%)−$413,439
Occupancy−$199,782
TX MB gross tax (6.7%)−$125,911
Utilities / ins / mktg (12%)−$225,512
Card surcharge net+$20,672
Net profit $371,516
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 Fc Sugar LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $577,605/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 (~$577,605 net) estimated

Revenue multiple
$940k–$1.50M
0.5–0.8× gross
SDE multiple
$1.44M–$2.02M
2.5–3.5× earnings
Cap rate
$1.75M–$2.31M
25–33%
Suggested range
$1,444k–$1,879k
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 2026-05-28

Lookup pending — check back tomorrow

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