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Financials

N 921465
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Walters Tavern

201 MAIN ST, Lake Dallas, TX 75065 · TABC N 921465

Mixed Beverage Lake Dallas Market Enriched 2026-07-12
$405,742 Annual gross (L12M) ▲ 5.7% latest MoM Click for monthly detail
$33,812 Avg monthly ▲ 10.8% latest vs avg Click for monthly detail
~36% Est. net margin (likely) $145,115/yr est. net Click for cost model
$363k–$406k Est. acquisition range 0.95× 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 Pub, liquor is typically only 60–80% of total business revenue. Liquor majority with food. Estimated total revenue (rough): $507,178 – $676,237/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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Walters Tavern is a mixed-beverage licensed establishment at 201 MAIN ST, Lake Dallas, Texas (TABC N 921465). Over the most recent 12 months it reported $405,742 in gross alcohol sales, averaging $33,812/month with a best month of $41,908. Sales mix: ~64% liquor · 27% beer · 9% wine. The building at this address is owned by GIERISCH COMM LTD (3,872 sqft, $227,494 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $145,115 (~36% margin). Acquisition value is estimated at $363k–$406k 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
$405,742
Avg monthly
$33,812
Best month
$41,908
Oct 2025
Sales mix
64% Liq
27% Beer · 9% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID71750
Property owner (landlord)GIERISCH COMM LTD
Total building SF3,872
Assessed value$227,494

Walters Tavern's share

Est. base rent ~$5/sqft/yr · 2,500 sqft · Class C $1,102/mo
NNN CAM / insurance$165/mo
NNN property tax$209/mo
Personal property tax est — no BPP record $92/mo
Total occupancy $1,567/mo

Occupancy analysis

All-in occupancy cost is 4.6% 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 $405,742 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~44%
Revenue$405,742
COGS (24%)−$97,378
Labor (14%)−$56,804
Occupancy−$16,924
TX MB gross tax (6.7%)−$27,185
Utilities / ins / mktg (8%)−$32,459
Card surcharge net+$4,463
Net profit $179,455
Most Likely
Typical bar, light food program, full two-shift staffing
~36%
Revenue$405,742
COGS (27%)−$109,550
Labor (17%)−$68,976
Occupancy−$18,805
TX MB gross tax (6.7%)−$27,185
Utilities / ins / mktg (10%)−$40,574
Card surcharge net+$4,463
Net profit $145,115
Stressed
Heavy food, larger crew, higher rent
~25%
Revenue$405,742
COGS (30%)−$121,723
Labor (22%)−$89,263
Occupancy−$20,685
TX MB gross tax (6.7%)−$27,185
Utilities / ins / mktg (12%)−$48,689
Card surcharge net+$4,463
Net profit $102,660
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 Walters Tavern looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $145,115/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 (~$145,115 net) estimated

Revenue multiple
$203k–$325k
0.5–0.8× gross
SDE multiple
$363k–$508k
2.5–3.5× earnings
Cap rate
$440k–$580k
25–33%
Suggested range
$363k–$406k
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 2026-09-06

Lookup pending — check back tomorrow

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