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Financials

RM730398
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Whistle Britches Southlake

1230 MAIN ST, Southlake, TX 76092 · TABC RM730398

Mixed Beverage Southlake Market Enriched 2026-07-10
$263,746 Annual gross (L12M) ▲ 13.9% latest MoM Click for monthly detail
$21,979 Avg monthly ▲ 18.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $59,079/yr est. net Click for cost model
$148k–$207k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $277,627 – $310,289/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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Whistle Britches Southlake is a mixed-beverage licensed establishment at 1230 MAIN ST, Southlake, Texas (TABC RM730398). Over the most recent 12 months it reported $263,746 in gross alcohol sales, averaging $21,979/month with a best month of $27,447. Sales mix: ~61% liquor · 17% beer · 22% wine. The building at this address is owned by KRG TOWN SQUARE VENTURES LLC (11,913 sqft, $6,657,292 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $59,079 (~22% margin). Acquisition value is estimated at $148k–$207k 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
$263,746
Avg monthly
$21,979
Best month
$27,447
Nov 2025
Sales mix
61% Liq
17% Beer · 22% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID07927517
Property owner (landlord)KRG TOWN SQUARE VENTURES LLC
Total building SF11,913
Assessed value$6,657,292

Whistle Britches Southlake's share

Est. base rent ~$4/sqft/yr · 2,500 sqft · Class A $924/mo
NNN CAM / insurance$139/mo
NNN property tax$2,794/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $3,956/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 $263,746 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$263,746
COGS (24%)−$63,299
Labor (14%)−$36,924
Occupancy−$42,727
TX MB gross tax (6.7%)−$17,671
Utilities / ins / mktg (8%)−$21,100
Card surcharge net+$2,901
Net profit $84,926
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$263,746
COGS (27%)−$71,211
Labor (17%)−$44,837
Occupancy−$47,474
TX MB gross tax (6.7%)−$17,671
Utilities / ins / mktg (10%)−$26,375
Card surcharge net+$2,901
Net profit $59,079
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$263,746
COGS (30%)−$79,124
Labor (22%)−$58,024
Occupancy−$52,222
TX MB gross tax (6.7%)−$17,671
Utilities / ins / mktg (12%)−$31,650
Card surcharge net+$2,901
Net profit $27,957
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 Msa Bb LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $59,079/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 (~$59,079 net) estimated

Revenue multiple
$132k–$211k
0.5–0.8× gross
SDE multiple
$148k–$207k
2.5–3.5× earnings
Cap rate
$179k–$236k
25–33%
Suggested range
$148k–$207k
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 2026-06-09

Lookup pending — check back tomorrow

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