← Bistro 31 /

Financials

MB778097
Dashboard › Bistro 31 › Financial Intelligence

Bistro 31

87 HIGHLAND PARK VLG, Highland Park, TX 75205 · TABC MB778097

Mixed Beverage Highland Park Market Enriched 2026-05-24
$5,373,255 Annual gross (L12M) ▲ 1.2% latest MoM Click for monthly detail
$447,771 Avg monthly ▼ 6.0% latest vs avg Click for monthly detail
~31% Est. net margin (likely) $1,686,255/yr est. net Click for cost model
$4,216k–$5,373k Est. acquisition range 0.89× 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): $11,940,567 – $21,493,020/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Bistro 31 My bars

Executive Summary

Click to expand full narrative

Bistro 31 is a mixed-beverage licensed establishment at 87 HIGHLAND PARK VLG, Highland Park, Texas (TABC MB778097). Over the most recent 12 months it reported $5,373,255 in gross alcohol sales, averaging $447,771/month with a best month of $574,392. Sales mix: ~63% liquor · 3% beer · 34% wine. The building at this address is owned by HP VILLAGE PARTNERS LP (991,516 sqft, $390,000,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,686,255 (~31% margin). Acquisition value is estimated at $4,216k–$5,373k 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
$5,373,255
Avg monthly
$447,771
Best month
$574,392
May 2025
Sales mix
63% Liq
3% Beer · 34% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID600865000B0010000
Property owner (landlord)HP VILLAGE PARTNERS LP
Total building SF991,516
Assessed value$390,000,000

Bistro 31's share

Est. base rent ~$47/sqft/yr · 7,500 sqft · Class A $29,500/mo
NNN CAM / insurance$4,425/mo
NNN property tax$5,900/mo
Personal property tax own fixtures · Prop 99120131740000000 $553/mo
Total occupancy $40,378/mo

Occupancy analysis

All-in occupancy cost is 9.0% 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 $5,373,255 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~40%
Revenue$5,373,255
COGS (24%)−$1,289,581
Labor (14%)−$752,256
Occupancy−$436,086
TX MB gross tax (6.7%)−$360,008
Utilities / ins / mktg (8%)−$429,860
Card surcharge net+$59,106
Net profit $2,164,570
Most Likely
Typical bar, light food program, full two-shift staffing
~31%
Revenue$5,373,255
COGS (27%)−$1,450,779
Labor (17%)−$913,453
Occupancy−$484,540
TX MB gross tax (6.7%)−$360,008
Utilities / ins / mktg (10%)−$537,326
Card surcharge net+$59,106
Net profit $1,686,255
Stressed
Heavy food, larger crew, higher rent
~20%
Revenue$5,373,255
COGS (30%)−$1,611,976
Labor (22%)−$1,182,116
Occupancy−$532,994
TX MB gross tax (6.7%)−$360,008
Utilities / ins / mktg (12%)−$644,791
Card surcharge net+$59,106
Net profit $1,100,476
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 Cafe Monaco Hpv LP looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,686,255/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 (~$1,686,255 net) estimated

Revenue multiple
$2.69M–$4.30M
0.5–0.8× gross
SDE multiple
$4.22M–$5.90M
2.5–3.5× earnings
Cap rate
$5.11M–$6.75M
25–33%
Suggested range
$4,216k–$5,373k
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 $11,940,567–$21,493,020/yr in total revenue (your liquor portion of $5,373,255 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
$11,941k–$21,493k
food + liquor + service
Estimated net (10–15%)
$1,194k–$3,224k
restaurant margin
Full-business value
$3,284k–$11,821k
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 2026-05-25

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.