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Financials

RM606254
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Hooters

1775 N CENTRAL EXPY, Mckinney, TX 75070 · TABC RM606254

Mixed Beverage Mckinney Market Enriched 2026-09-13
$480,963 Annual gross (L12M) ▼ 100.0% latest MoM Click for monthly detail
$43,724 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $135,183/yr est. net Click for cost model
$338k–$473k Est. acquisition range 0.84× 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $687,090 – $961,926/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Hooters is a mixed-beverage licensed establishment at 1775 N CENTRAL EXPY, Mckinney, Texas (TABC RM606254). Over the most recent 12 months it reported $480,963 in gross alcohol sales, averaging $43,724/month with a best month of $52,355. Sales mix: ~27% liquor · 73% beer · 1% wine. The building at this address is owned by DRUMLORD LTD (5,752 sqft, $0 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $135,183 (~28% margin). Acquisition value is estimated at $338k–$473k 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
$480,963
Avg monthly
$43,724
Best month
$52,355
Mar 2025
Sales mix
27% Liq
73% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2074128
Property owner (landlord)DRUMLORD LTD
Total building SF5,752
Assessed value$0

Hooters's share

Est. base rent ~$20/sqft/yr · 2,500 sqft $4,208/mo
NNN CAM / insurance$631/mo
NNN property tax$0/mo
Personal property tax est — no BPP record $88/mo
Total occupancy $4,927/mo

Occupancy analysis

All-in occupancy cost is 12.3% 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 $480,963 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$480,963
COGS (24%)−$115,431
Labor (14%)−$67,335
Occupancy−$53,214
TX MB gross tax (6.7%)−$32,225
Utilities / ins / mktg (8%)−$38,477
Card surcharge net+$5,291
Net profit $179,572
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$480,963
COGS (27%)−$129,860
Labor (17%)−$81,764
Occupancy−$59,126
TX MB gross tax (6.7%)−$32,225
Utilities / ins / mktg (10%)−$48,096
Card surcharge net+$5,291
Net profit $135,183
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$480,963
COGS (30%)−$144,289
Labor (22%)−$105,812
Occupancy−$65,039
TX MB gross tax (6.7%)−$32,225
Utilities / ins / mktg (12%)−$57,716
Card surcharge net+$5,291
Net profit $81,174
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 Tw Restaurant Holder LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $135,183/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 (~$135,183 net) estimated

Revenue multiple
$240k–$385k
0.5–0.8× gross
SDE multiple
$338k–$473k
2.5–3.5× earnings
Cap rate
$410k–$541k
25–33%
Suggested range
$338k–$473k
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

20 cases on file · 18 currently open · public records

20 federal cases
18 currently open
18 bankruptcy
1 wage-and-hour
Most recent filing
Hooters of America, LLC and Wind-Down Entities - Adversary Proceeding
TXNB · 2025-06-17 · CLOSED
Public records, last checked 2026-05-22