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RM676731
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Fish City Grill

2628 LONG PRAIRIE RD STE 100, Flower Mound, TX 75022 · TABC RM676731

Mixed Beverage Flower Mound Market Enriched 2026-07-10
$271,657 Annual gross (L12M) ▲ 11.8% latest MoM Click for monthly detail
$22,638 Avg monthly ▲ 17.7% latest vs avg Click for monthly detail
~30% Est. net margin (likely) $81,309/yr est. net Click for cost model
$203k–$272k Est. acquisition range 0.87× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $603,682 – $1,086,628/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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Fish City Grill is a mixed-beverage licensed establishment at 2628 LONG PRAIRIE RD STE 100, Flower Mound, Texas (TABC RM676731). Over the most recent 12 months it reported $271,657 in gross alcohol sales, averaging $22,638/month with a best month of $26,940. Sales mix: ~46% liquor · 22% beer · 32% wine. The building at this address is owned by CHAPARRAL PLAZA FLOWER MOUND, TX, LLC (51,982 sqft, $4,529,742 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $81,309 (~30% margin). Acquisition value is estimated at $203k–$272k 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
$271,657
Avg monthly
$22,638
Best month
$26,940
Feb 2026
Sales mix
46% Liq
22% Beer · 32% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID232194
Property owner (landlord)CHAPARRAL PLAZA FLOWER MOUND, TX, LLC
Total building SF whole parcel — Fish City Grill is in STE 10051,982
Fish City Grill's footprint estimated — suite-level not on file 2,500 sf
Assessed value$4,529,742

Fish City Grill's share

Est. base rent ~$8/sqft/yr · 2,500 sqft · Class C $1,634/mo
NNN CAM / insurance$245/mo
NNN property tax$399/mo
Personal property tax est — no BPP record $92/mo
Total occupancy $2,370/mo

Occupancy analysis

All-in occupancy cost is 10.5% 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 $271,657 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$271,657
COGS (24%)−$65,198
Labor (14%)−$38,032
Occupancy−$25,596
TX MB gross tax (6.7%)−$18,201
Utilities / ins / mktg (8%)−$21,733
Card surcharge net+$2,988
Net profit $105,886
Most Likely
Typical bar, light food program, full two-shift staffing
~30%
Revenue$271,657
COGS (27%)−$73,347
Labor (17%)−$46,182
Occupancy−$28,440
TX MB gross tax (6.7%)−$18,201
Utilities / ins / mktg (10%)−$27,166
Card surcharge net+$2,988
Net profit $81,309
Stressed
Heavy food, larger crew, higher rent
~19%
Revenue$271,657
COGS (30%)−$81,497
Labor (22%)−$59,765
Occupancy−$31,284
TX MB gross tax (6.7%)−$18,201
Utilities / ins / mktg (12%)−$32,599
Card surcharge net+$2,988
Net profit $51,299
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 Half Shells Of Flower Mound LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $81,309/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 (~$81,309 net) estimated

Revenue multiple
$136k–$217k
0.5–0.8× gross
SDE multiple
$203k–$285k
2.5–3.5× earnings
Cap rate
$246k–$325k
25–33%
Suggested range
$203k–$272k
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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $603,682–$1,086,628/yr in total revenue (your liquor portion of $271,657 is roughly 25–45% 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
$604k–$1,087k
food + liquor + service
Estimated net (10–15%)
$60k–$163k
restaurant margin
Full-business value
$166k–$598k
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 2026-06-24

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