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RM1103694
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City Tavern

1514 ELM ST, Dallas, TX 75201 · TABC RM1103694

Mixed Beverage Dallas Market Enriched 2026-07-11
$656,700 Annual gross (L12M) ▲ 5.7% latest MoM Click for monthly detail
$54,725 Avg monthly ▼ 6.6% latest vs avg Click for monthly detail
~26% Est. net margin (likely) $172,968/yr est. net Click for cost model
$432k–$605k Est. acquisition range 0.79× 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): $820,875 – $1,094,500/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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City Tavern is a mixed-beverage licensed establishment at 1514 ELM ST, Dallas, Texas (TABC RM1103694). Over the most recent 12 months it reported $656,700 in gross alcohol sales, averaging $54,725/month with a best month of $65,273. Sales mix: ~53% liquor · 45% beer · 2% wine. The building at this address is owned by 1401 ELM STREET LLC (1,168,266 sqft, $220,000,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $172,968 (~26% margin). Acquisition value is estimated at $432k–$605k 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
$656,700
Avg monthly
$54,725
Best month
$65,273
Oct 2025
Sales mix
53% Liq
45% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000100441000000
Property owner (landlord)1401 ELM STREET LLC
Total building SF1,168,266
Assessed value$220,000,000

City Tavern's share

Est. base rent ~$19/sqft/yr · 3,500 sqft · Class B $5,492/mo
NNN CAM / insurance$824/mo
NNN property tax$1,318/mo
Personal property tax own fixtures · Prop 99191127660000000 $60/mo
Total occupancy $7,695/mo

Occupancy analysis

All-in occupancy cost is 14.1% 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 $656,700 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~36%
Revenue$656,700
COGS (24%)−$157,608
Labor (14%)−$91,938
Occupancy−$83,105
TX MB gross tax (6.7%)−$43,999
Utilities / ins / mktg (8%)−$52,536
Card surcharge net+$7,224
Net profit $234,738
Most Likely
Typical bar, light food program, full two-shift staffing
~26%
Revenue$656,700
COGS (27%)−$177,309
Labor (17%)−$111,639
Occupancy−$92,338
TX MB gross tax (6.7%)−$43,999
Utilities / ins / mktg (10%)−$65,670
Card surcharge net+$7,224
Net profit $172,968
Stressed
Heavy food, larger crew, higher rent
~15%
Revenue$656,700
COGS (30%)−$197,010
Labor (22%)−$144,474
Occupancy−$101,572
TX MB gross tax (6.7%)−$43,999
Utilities / ins / mktg (12%)−$78,804
Card surcharge net+$7,224
Net profit $98,064
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 Tee High Roll Restaurants LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $172,968/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 (~$172,968 net) estimated

Revenue multiple
$328k–$525k
0.5–0.8× gross
SDE multiple
$432k–$605k
2.5–3.5× earnings
Cap rate
$524k–$692k
25–33%
Suggested range
$432k–$605k
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 2026-06-07

Lookup pending — check back tomorrow

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