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RM604035
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Mi Cocina-Lennox

1370 W CAMPBELL RD, Richardson, TX 75080 · TABC RM604035

Mixed Beverage Richardson Market Enriched 2026-09-05
$1,263,509 Annual gross (L12M) ▲ 1.9% latest MoM Click for monthly detail
$105,292 Avg monthly ▼ 1.6% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $320,319/yr est. net Click for cost model
$801k–$1,121k Est. acquisition range 0.76× 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 Mexican Restaurant, liquor is typically only 20–35% of total business revenue. Mexican restaurant. Margaritas + tequila lift the liquor share but food still dominates. Estimated total revenue (rough): $3,610,026 – $6,317,545/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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Mi Cocina-Lennox is a mixed-beverage licensed establishment at 1370 W CAMPBELL RD, Richardson, Texas (TABC RM604035). Over the most recent 12 months it reported $1,263,509 in gross alcohol sales, averaging $105,292/month with a best month of $124,528. Sales mix: ~90% liquor · 5% beer · 5% wine. The building at this address is owned by TSCA 234 LTD PARTNERSHIP (133,484 sqft, $30,740,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $320,319 (~25% margin). Acquisition value is estimated at $801k–$1,121k 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
$1,263,509
Avg monthly
$105,292
Best month
$124,528
May 2026
Sales mix
90% Liq
5% Beer · 5% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID42259700050010000
Property owner (landlord)TSCA 234 LTD PARTNERSHIP
Total building SF133,484
Assessed value$30,740,000

Mi Cocina-Lennox's share

Est. base rent ~$28/sqft/yr · 5,000 sqft · Class A $11,514/mo
NNN CAM / insurance$1,727/mo
NNN property tax$2,303/mo
Personal property tax own fixtures · Prop 99982600000217450 $300/mo
Total occupancy $15,845/mo

Occupancy analysis

All-in occupancy cost is 15.0% 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 $1,263,509 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$1,263,509
COGS (24%)−$303,242
Labor (14%)−$176,891
Occupancy−$171,124
TX MB gross tax (6.7%)−$84,655
Utilities / ins / mktg (8%)−$101,081
Card surcharge net+$13,899
Net profit $440,414
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$1,263,509
COGS (27%)−$341,147
Labor (17%)−$214,797
Occupancy−$190,138
TX MB gross tax (6.7%)−$84,655
Utilities / ins / mktg (10%)−$126,351
Card surcharge net+$13,899
Net profit $320,319
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$1,263,509
COGS (30%)−$379,053
Labor (22%)−$277,972
Occupancy−$209,152
TX MB gross tax (6.7%)−$84,655
Utilities / ins / mktg (12%)−$151,621
Card surcharge net+$13,899
Net profit $174,955
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 Mico 21 Club INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $320,319/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 (~$320,319 net) estimated

Revenue multiple
$632k–$1.01M
0.5–0.8× gross
SDE multiple
$801k–$1.12M
2.5–3.5× earnings
Cap rate
$971k–$1.28M
25–33%
Suggested range
$801k–$1,121k
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 · Mexican Restaurant

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

We estimate this mexican restaurant pulls $3,610,026–$6,317,545/yr in total revenue (your liquor portion of $1,263,509 is roughly 20–35% 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
$3,610k–$6,318k
food + liquor + service
Estimated net (10–15%)
$361k–$948k
restaurant margin
Full-business value
$993k–$3,475k
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 2026-06-17

Lookup pending — check back tomorrow

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