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Financials

RM748547
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Boorays Of New Orleans

5728 BOAT CLUB RD, Fort Worth, TX 76179 · TABC RM748547

Mixed Beverage Fort Worth Market Enriched 2026-09-02
$396,486 Annual gross (L12M) ▼ 15.9% latest MoM Click for monthly detail
$33,040 Avg monthly ▼ 12.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $88,813/yr est. net Click for cost model
$222k–$311k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $396,486 – $440,540/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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Boorays Of New Orleans is a mixed-beverage licensed establishment at 5728 BOAT CLUB RD, Fort Worth, Texas (TABC RM748547). Over the most recent 12 months it reported $396,486 in gross alcohol sales, averaging $33,040/month with a best month of $41,810. Sales mix: ~59% liquor · 32% beer · 9% wine. The building at this address is owned by BR REAL ESTATE II JV (9,367 sqft, $4,057,776 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $88,813 (~22% margin). Acquisition value is estimated at $222k–$311k 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
$396,486
Avg monthly
$33,040
Best month
$41,810
Mar 2026
Sales mix
59% Liq
32% Beer · 9% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID41650824
Property owner (landlord)BR REAL ESTATE II JV
Total building SF9,367
Assessed value$4,057,776

Boorays Of New Orleans's share

Est. base rent ~$15/sqft/yr · 2,500 sqft · Class A $3,201/mo
NNN CAM / insurance$480/mo
NNN property tax$2,166/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $5,947/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 $396,486 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$396,486
COGS (24%)−$95,157
Labor (14%)−$55,508
Occupancy−$64,231
TX MB gross tax (6.7%)−$26,565
Utilities / ins / mktg (8%)−$31,719
Card surcharge net+$4,361
Net profit $127,668
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$396,486
COGS (27%)−$107,051
Labor (17%)−$67,403
Occupancy−$71,367
TX MB gross tax (6.7%)−$26,565
Utilities / ins / mktg (10%)−$39,649
Card surcharge net+$4,361
Net profit $88,813
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$396,486
COGS (30%)−$118,946
Labor (22%)−$87,227
Occupancy−$78,504
TX MB gross tax (6.7%)−$26,565
Utilities / ins / mktg (12%)−$47,578
Card surcharge net+$4,361
Net profit $42,028
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 Booray INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $88,813/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 (~$88,813 net) estimated

Revenue multiple
$198k–$317k
0.5–0.8× gross
SDE multiple
$222k–$311k
2.5–3.5× earnings
Cap rate
$269k–$355k
25–33%
Suggested range
$222k–$311k
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 2026-06-29

Lookup pending — check back tomorrow

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