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Financials

RM712028
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Cheddar's Casual Cafe

2801 TEXAS SAGE TRL, Fort Worth, TX 76177 · TABC RM712028

Mixed Beverage Fort Worth Market Enriched 2026-09-11
$278,355 Annual gross (L12M) ▼ 19.4% latest MoM Click for monthly detail
$23,196 Avg monthly ▼ 14.9% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $62,352/yr est. net Click for cost model
$156k–$218k 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 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): $618,567 – $1,113,420/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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Cheddar's Casual Cafe is a mixed-beverage licensed establishment at 2801 TEXAS SAGE TRL, Fort Worth, Texas (TABC RM712028). Over the most recent 12 months it reported $278,355 in gross alcohol sales, averaging $23,196/month with a best month of $30,274. Sales mix: ~81% liquor · 14% beer · 5% wine. The building at this address is owned by FSLRO SAGE TRAIL FORT WORTH LP (8,615 sqft, $4,405,833 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $62,352 (~22% margin). Acquisition value is estimated at $156k–$218k 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
$278,355
Avg monthly
$23,196
Best month
$30,274
Mar 2026
Sales mix
81% Liq
14% Beer · 5% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID41228804
Property owner (landlord)FSLRO SAGE TRAIL FORT WORTH LP
Total building SF8,615
Assessed value$4,405,833

Cheddar's Casual Cafe's share

Est. base rent ~$6/sqft/yr · 2,500 sqft · Class A $1,320/mo
NNN CAM / insurance$198/mo
NNN property tax$2,557/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $4,175/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 $278,355 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$278,355
COGS (24%)−$66,805
Labor (14%)−$38,970
Occupancy−$45,094
TX MB gross tax (6.7%)−$18,650
Utilities / ins / mktg (8%)−$22,268
Card surcharge net+$3,062
Net profit $89,630
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$278,355
COGS (27%)−$75,156
Labor (17%)−$47,320
Occupancy−$50,104
TX MB gross tax (6.7%)−$18,650
Utilities / ins / mktg (10%)−$27,836
Card surcharge net+$3,062
Net profit $62,352
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$278,355
COGS (30%)−$83,506
Labor (22%)−$61,238
Occupancy−$55,114
TX MB gross tax (6.7%)−$18,650
Utilities / ins / mktg (12%)−$33,403
Card surcharge net+$3,062
Net profit $29,506
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 Cheddar's Casual Cafe INC looking up officers…
6
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $62,352/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 (~$62,352 net) estimated

Revenue multiple
$139k–$223k
0.5–0.8× gross
SDE multiple
$156k–$218k
2.5–3.5× earnings
Cap rate
$189k–$249k
25–33%
Suggested range
$156k–$218k
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 $618,567–$1,113,420/yr in total revenue (your liquor portion of $278,355 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
$619k–$1,113k
food + liquor + service
Estimated net (10–15%)
$62k–$167k
restaurant margin
Full-business value
$170k–$612k
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 2026-09-22

No federal lawsuits — past or pending