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Financials

RM808405
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Del Frisco's Double Eagle Steak House

5905 LEGACY DR STE A-120, Plano, TX 75024 · TABC RM808405

Mixed Beverage Plano Market Enriched 2026-07-12
$3,109,529 Annual gross (L12M) ▲ 22.5% latest MoM Click for monthly detail
$259,127 Avg monthly ▼ 2.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $696,534/yr est. net Click for cost model
$1,741k–$2,438k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $7,773,822 – $12,438,116/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

Del Frisco's Double Eagle Steak House is a mixed-beverage licensed establishment at 5905 LEGACY DR STE A-120, Plano, Texas (TABC RM808405). Over the most recent 12 months it reported $3,109,529 in gross alcohol sales, averaging $259,127/month with a best month of $467,674. Sales mix: ~45% liquor · 2% beer · 53% wine. The building at this address is owned by LW OWNER 1 LLC C/O KITE REALTY GROUP (558,665 sqft, $330,154,093 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $696,534 (~22% margin). Acquisition value is estimated at $1,741k–$2,438k 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
$3,109,529
Avg monthly
$259,127
Best month
$467,674
Dec 2025
Sales mix
45% Liq
2% Beer · 53% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2714473
Property owner (landlord)LW OWNER 1 LLC C/O KITE REALTY GROUP
Total building SF whole parcel — Del Frisco's Double Eagle Steak House is in STE A-120558,665
Del Frisco's Double Eagle Steak House's footprint estimated — suite-level not on file 7,500 sf
Assessed value$330,154,093

Del Frisco's Double Eagle Steak House's share

Est. base rent ~$53/sqft/yr · 7,500 sqft · Class A $33,434/mo
NNN CAM / insurance$5,015/mo
NNN property tax$7,756/mo
Personal property tax est — no BPP record $438/mo
Total occupancy $46,643/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 $3,109,529 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$3,109,529
COGS (24%)−$746,287
Labor (14%)−$435,334
Occupancy−$503,744
TX MB gross tax (6.7%)−$208,338
Utilities / ins / mktg (8%)−$248,762
Card surcharge net+$34,205
Net profit $1,001,268
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$3,109,529
COGS (27%)−$839,573
Labor (17%)−$528,620
Occupancy−$559,715
TX MB gross tax (6.7%)−$208,338
Utilities / ins / mktg (10%)−$310,953
Card surcharge net+$34,205
Net profit $696,534
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$3,109,529
COGS (30%)−$932,859
Labor (22%)−$684,096
Occupancy−$615,687
TX MB gross tax (6.7%)−$208,338
Utilities / ins / mktg (12%)−$373,143
Card surcharge net+$34,205
Net profit $329,610
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 Df Beverage CORP looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $696,534/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 (~$696,534 net) estimated

Revenue multiple
$1.55M–$2.49M
0.5–0.8× gross
SDE multiple
$1.74M–$2.44M
2.5–3.5× earnings
Cap rate
$2.11M–$2.79M
25–33%
Suggested range
$1,741k–$2,438k
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 · Steakhouse

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

We estimate this steakhouse pulls $7,773,822–$12,438,116/yr in total revenue (your liquor portion of $3,109,529 is roughly 25–40% 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
$7,774k–$12,438k
food + liquor + service
Estimated net (10–15%)
$777k–$1,866k
restaurant margin
Full-business value
$2,138k–$6,841k
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 2026-05-22

No federal lawsuits — past or pending