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RM952982
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Rio Bravo Mexican Restaurant Seafood Bar

4200 SOUTH FWY STE 1980, Fort Worth, TX 76115 · TABC RM952982

Mixed Beverage Fort Worth Market Enriched 2026-09-11
$932,906 Annual gross (L12M) ▼ 10.5% latest MoM Click for monthly detail
$77,742 Avg monthly ▼ 4.5% latest vs avg Click for monthly detail
~34% Est. net margin (likely) $316,821/yr est. net Click for cost model
$792k–$933k Est. acquisition range 0.92× 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 Mexican Restaurant, liquor is typically only 20–35% of total business revenue. Mexican restaurant. Margaritas + tequila lift the liquor share but food still dominates. Estimated total revenue (rough): $2,665,446 – $4,664,530/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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Rio Bravo Mexican Restaurant Seafood Bar is a mixed-beverage licensed establishment at 4200 SOUTH FWY STE 1980, Fort Worth, Texas (TABC RM952982). Over the most recent 12 months it reported $932,906 in gross alcohol sales, averaging $77,742/month with a best month of $107,332. Sales mix: ~50% liquor · 50% beer · 0% wine. The building at this address is owned by TOWN CENTER MALL LP (948,833 sqft, $112,796,036 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $316,821 (~34% margin). Acquisition value is estimated at $792k–$933k 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
$932,906
Avg monthly
$77,742
Best month
$107,332
Aug 2025
Sales mix
50% Liq
50% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID06200087
Property owner (landlord)TOWN CENTER MALL LP
Total building SF whole parcel — Rio Bravo Mexican Restaurant Seafood Bar is in STE 1980948,833
Rio Bravo Mexican Restaurant Seafood Bar's footprint estimated — suite-level not on file 3,500 sf
Assessed value$112,796,036

Rio Bravo Mexican Restaurant Seafood Bar's share

Est. base rent ~$12/sqft/yr · 3,500 sqft · Class B $3,467/mo
NNN CAM / insurance$520/mo
NNN property tax$832/mo
Personal property tax est — no BPP record $187/mo
Total occupancy $5,006/mo

Occupancy analysis

All-in occupancy cost is 6.4% 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 $932,906 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~43%
Revenue$932,906
COGS (24%)−$223,897
Labor (14%)−$130,607
Occupancy−$54,066
TX MB gross tax (6.7%)−$62,505
Utilities / ins / mktg (8%)−$74,632
Card surcharge net+$10,262
Net profit $397,460
Most Likely
Typical bar, light food program, full two-shift staffing
~34%
Revenue$932,906
COGS (27%)−$251,885
Labor (17%)−$158,594
Occupancy−$60,073
TX MB gross tax (6.7%)−$62,505
Utilities / ins / mktg (10%)−$93,291
Card surcharge net+$10,262
Net profit $316,821
Stressed
Heavy food, larger crew, higher rent
~23%
Revenue$932,906
COGS (30%)−$279,872
Labor (22%)−$205,239
Occupancy−$66,081
TX MB gross tax (6.7%)−$62,505
Utilities / ins / mktg (12%)−$111,949
Card surcharge net+$10,262
Net profit $217,523
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 Robles Rubio Restaurant INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $316,821/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 (~$316,821 net) estimated

Revenue multiple
$466k–$746k
0.5–0.8× gross
SDE multiple
$792k–$1.11M
2.5–3.5× earnings
Cap rate
$960k–$1.27M
25–33%
Suggested range
$792k–$933k
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 · Mexican Restaurant

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

We estimate this mexican restaurant pulls $2,665,446–$4,664,530/yr in total revenue (your liquor portion of $932,906 is roughly 20–35% 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
$2,665k–$4,665k
food + liquor + service
Estimated net (10–15%)
$267k–$700k
restaurant margin
Full-business value
$733k–$2,565k
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 2026-06-29

Lookup pending — check back tomorrow

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