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Financials

RM991623
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Grimaldi's Pizzeria/Coal Brick Oven Pizzeria

1101 SHOAL CRK STE 110, Highland Village, TX 75077 · TABC RM991623

Mixed Beverage Highland Village Market Enriched 2026-07-12
$349,060 Annual gross (L12M) ▲ 18.3% latest MoM Click for monthly detail
$29,088 Avg monthly ▲ 24.7% latest vs avg Click for monthly detail
~33% Est. net margin (likely) $114,979/yr est. net Click for cost model
$287k–$349k Est. acquisition range 0.91× 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 Pizza Restaurant, liquor is typically only 10–25% of total business revenue. Pizza-forward; liquor a side program. Total revenue 4–10× this number. Estimated total revenue (rough): $1,396,240 – $3,490,600/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

Grimaldi's Pizzeria/Coal Brick Oven Pizzeria is a mixed-beverage licensed establishment at 1101 SHOAL CRK STE 110, Highland Village, Texas (TABC RM991623). Over the most recent 12 months it reported $349,060 in gross alcohol sales, averaging $29,088/month with a best month of $36,271. Sales mix: ~19% liquor · 21% beer · 60% wine. The building at this address is owned by MP SHOPS AT HIGHLAND VILLAGE LLC C/O AEW CAPITAL MANAGEMENT LP (1,448,776 sqft, $115,168,159 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $114,979 (~33% margin). Acquisition value is estimated at $287k–$349k 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
$349,060
Avg monthly
$29,088
Best month
$36,271
May 2026
Sales mix
19% Liq
21% Beer · 60% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID531429
Property owner (landlord)MP SHOPS AT HIGHLAND VILLAGE LLC C/O AEW CAPITAL MANAGEMENT LP
Total building SF whole parcel — Grimaldi's Pizzeria/Coal Brick Oven Pizzeria is in STE 1101,448,776
Grimaldi's Pizzeria/Coal Brick Oven Pizzeria's footprint estimated — suite-level not on file 2,500 sf
Assessed value$115,168,159

Grimaldi's Pizzeria/Coal Brick Oven Pizzeria's share

Est. base rent ~$7/sqft/yr · 2,500 sqft · Class C $1,491/mo
NNN CAM / insurance$224/mo
NNN property tax$364/mo
Personal property tax est — no BPP record $92/mo
Total occupancy $2,170/mo

Occupancy analysis

All-in occupancy cost is 7.5% 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 $349,060 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~42%
Revenue$349,060
COGS (24%)−$83,774
Labor (14%)−$48,868
Occupancy−$23,437
TX MB gross tax (6.7%)−$23,387
Utilities / ins / mktg (8%)−$27,925
Card surcharge net+$3,840
Net profit $145,508
Most Likely
Typical bar, light food program, full two-shift staffing
~33%
Revenue$349,060
COGS (27%)−$94,246
Labor (17%)−$59,340
Occupancy−$26,041
TX MB gross tax (6.7%)−$23,387
Utilities / ins / mktg (10%)−$34,906
Card surcharge net+$3,840
Net profit $114,979
Stressed
Heavy food, larger crew, higher rent
~22%
Revenue$349,060
COGS (30%)−$104,718
Labor (22%)−$76,793
Occupancy−$28,645
TX MB gross tax (6.7%)−$23,387
Utilities / ins / mktg (12%)−$41,887
Card surcharge net+$3,840
Net profit $77,469
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 Highland Village Pizzeria INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $114,979/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 (~$114,979 net) estimated

Revenue multiple
$175k–$279k
0.5–0.8× gross
SDE multiple
$287k–$402k
2.5–3.5× earnings
Cap rate
$348k–$460k
25–33%
Suggested range
$287k–$349k
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 · Pizza Restaurant

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

We estimate this pizza restaurant pulls $1,396,240–$3,490,600/yr in total revenue (your liquor portion of $349,060 is roughly 10–25% 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
$1,396k–$3,491k
food + liquor + service
Estimated net (10–15%)
$140k–$524k
restaurant margin
Full-business value
$384k–$1,920k
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 2026-06-21

No federal lawsuits — past or pending