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Financials

RM1053764
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Flying Fish #12

9600 WHARF RD, Coppell, TX 75019 · TABC RM1053764

Mixed Beverage Coppell Market Enriched 2026-07-12
$157,148 Annual gross (L12M) ▲ 18.7% latest MoM Click for monthly detail
$13,096 Avg monthly ▲ 35.9% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $35,201/yr est. net Click for cost model
$88k–$123k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $165,419 – $184,880/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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Flying Fish #12 is a mixed-beverage licensed establishment at 9600 WHARF RD, Coppell, Texas (TABC RM1053764). Over the most recent 12 months it reported $157,148 in gross alcohol sales, averaging $13,096/month with a best month of $19,353. Sales mix: ~51% liquor · 47% beer · 2% wine. The building at this address is owned by NEIGHBORHOODS AT CW NO 2 (361,433 sqft, $66,214,280 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $35,201 (~22% margin). Acquisition value is estimated at $88k–$123k 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
$157,148
Avg monthly
$13,096
Best month
$19,353
Mar 2026
Sales mix
51% Liq
47% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID008466000F0010000
Property owner (landlord)NEIGHBORHOODS AT CW NO 2
Total building SF361,433
Assessed value$66,214,280

Flying Fish #12's share

Est. base rent ~$4/sqft/yr · 2,500 sqft · Class B $815/mo
NNN CAM / insurance$122/mo
NNN property tax$916/mo
Personal property tax own fixtures · Prop 99191111800000000 $504/mo
Total occupancy $2,357/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 $157,148 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$157,148
COGS (24%)−$37,716
Labor (14%)−$22,001
Occupancy−$25,458
TX MB gross tax (6.7%)−$10,529
Utilities / ins / mktg (8%)−$12,572
Card surcharge net+$1,729
Net profit $50,602
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$157,148
COGS (27%)−$42,430
Labor (17%)−$26,715
Occupancy−$28,287
TX MB gross tax (6.7%)−$10,529
Utilities / ins / mktg (10%)−$15,715
Card surcharge net+$1,729
Net profit $35,201
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$157,148
COGS (30%)−$47,144
Labor (22%)−$34,573
Occupancy−$31,115
TX MB gross tax (6.7%)−$10,529
Utilities / ins / mktg (12%)−$18,858
Card surcharge net+$1,729
Net profit $16,658
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 Flying Fish No. 12 LLC looking up officers…
6
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $35,201/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 (~$35,201 net) estimated

Revenue multiple
$79k–$126k
0.5–0.8× gross
SDE multiple
$88k–$123k
2.5–3.5× earnings
Cap rate
$107k–$141k
25–33%
Suggested range
$88k–$123k
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 2026-09-16

No federal lawsuits — past or pending