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MB200146955
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Astra Kitchen + Bar

1717 LEONARD ST, Dallas, TX 75201 · TABC MB200146955

Mixed Beverage Dallas Market Enriched 2026-06-15
$1,048,981 Annual gross (L12M) ▲ 55.2% latest MoM Click for monthly detail
$87,415 Avg monthly ▲ 49.9% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $292,711/yr est. net Click for cost model
$732k–$1,024k Est. acquisition range 0.84× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $2,331,069 – $4,195,924/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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Astra Kitchen + Bar is a mixed-beverage licensed establishment at 1717 LEONARD ST, Dallas, Texas (TABC MB200146955). Over the most recent 12 months it reported $1,048,981 in gross alcohol sales, averaging $87,415/month with a best month of $131,049. Sales mix: ~50% liquor · 6% beer · 45% wine. The building at this address is owned by LEONARD HOTEL RE LLC (160,660 sqft, $30,298,670 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $292,711 (~28% margin). Acquisition value is estimated at $732k–$1,024k 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
$1,048,981
Avg monthly
$87,415
Best month
$131,049
Apr 2026
Sales mix
50% Liq
6% Beer · 45% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00C0677HOTELUNT00
Property owner (landlord)LEONARD HOTEL RE LLC
Total building SF160,660
Assessed value$30,298,670

Astra Kitchen + Bar's share

Est. base rent ~$19/sqft/yr · 5,000 sqft · Class B $7,858/mo
NNN CAM / insurance$1,179/mo
NNN property tax$1,886/mo
Personal property tax own fixtures · Prop 99201125590000000 $1/mo
Total occupancy $10,923/mo

Occupancy analysis

All-in occupancy cost is 12.5% 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 $1,048,981 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,048,981
COGS (24%)−$251,755
Labor (14%)−$146,857
Occupancy−$117,969
TX MB gross tax (6.7%)−$70,282
Utilities / ins / mktg (8%)−$83,918
Card surcharge net+$11,539
Net profit $389,738
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,048,981
COGS (27%)−$283,225
Labor (17%)−$178,327
Occupancy−$131,077
TX MB gross tax (6.7%)−$70,282
Utilities / ins / mktg (10%)−$104,898
Card surcharge net+$11,539
Net profit $292,711
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,048,981
COGS (30%)−$314,694
Labor (22%)−$230,776
Occupancy−$144,185
TX MB gross tax (6.7%)−$70,282
Utilities / ins / mktg (12%)−$125,878
Card surcharge net+$11,539
Net profit $174,706
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 Coury Hospitality Texas Sp LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $292,711/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 (~$292,711 net) estimated

Revenue multiple
$524k–$839k
0.5–0.8× gross
SDE multiple
$732k–$1.02M
2.5–3.5× earnings
Cap rate
$887k–$1.17M
25–33%
Suggested range
$732k–$1,024k
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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $2,331,069–$4,195,924/yr in total revenue (your liquor portion of $1,048,981 is roughly 25–45% 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
$2,331k–$4,196k
food + liquor + service
Estimated net (10–15%)
$233k–$629k
restaurant margin
Full-business value
$641k–$2,308k
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 2026-07-07

Lookup pending — check back tomorrow

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