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Financials

MB1124182
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Chop Shop Bar & Grill Mckinney

7560 STATE HIGHWAY 121 STE 150, Mckinney, TX 75070 · TABC MB1124182

Mixed Beverage Mckinney Market Enriched 2026-05-24
$1,695,793 Annual gross (L12M) ▲ 4.5% latest MoM Click for monthly detail
$141,316 Avg monthly ▼ 6.4% latest vs avg Click for monthly detail
~19% Est. net margin (likely) $316,853/yr est. net Click for cost model
$848k–$1,109k Est. acquisition range 0.58× 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $1,695,793 – $1,884,214/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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Chop Shop Bar & Grill Mckinney is a mixed-beverage licensed establishment at 7560 STATE HIGHWAY 121 STE 150, Mckinney, Texas (TABC MB1124182). Over the most recent 12 months it reported $1,695,793 in gross alcohol sales, averaging $141,316/month with a best month of $193,490. Sales mix: ~62% liquor · 23% beer · 16% wine. The building at this address is owned by MCKINNEY HUB 121 LLC (63,283 sqft, $27,071,456 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $316,853 (~19% margin). Acquisition value is estimated at $848k–$1,109k 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
$1,695,793
Avg monthly
$141,316
Best month
$193,490
May 2025
Sales mix
62% Liq
23% Beer · 16% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2856806
Property owner (landlord)MCKINNEY HUB 121 LLC
Total building SF whole parcel — Chop Shop Bar & Grill Mckinney is in STE 15063,283
Chop Shop Bar & Grill Mckinney's footprint estimated — suite-level not on file 5,000 sf
Assessed value$27,071,456

Chop Shop Bar & Grill Mckinney's share

Est. base rent ~$56/sqft/yr · 5,000 sqft · Class A $23,172/mo
NNN CAM / insurance$3,476/mo
NNN property tax$3,743/mo
Personal property tax est — no BPP record $297/mo
Total occupancy $30,687/mo

Occupancy analysis

All-in occupancy cost is 21.7% 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 $1,695,793 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~29%
Revenue$1,695,793
COGS (24%)−$406,990
Labor (14%)−$237,411
Occupancy−$331,422
TX MB gross tax (6.7%)−$113,618
Utilities / ins / mktg (8%)−$135,663
Card surcharge net+$18,654
Net profit $489,341
Most Likely
Typical bar, light food program, full two-shift staffing
~19%
Revenue$1,695,793
COGS (27%)−$457,864
Labor (17%)−$288,285
Occupancy−$368,247
TX MB gross tax (6.7%)−$113,618
Utilities / ins / mktg (10%)−$169,579
Card surcharge net+$18,654
Net profit $316,853
Stressed
Heavy food, larger crew, higher rent
~7%
Revenue$1,695,793
COGS (30%)−$508,738
Labor (22%)−$373,074
Occupancy−$405,072
TX MB gross tax (6.7%)−$113,618
Utilities / ins / mktg (12%)−$203,495
Card surcharge net+$18,654
Net profit $110,449
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 Rock Libations #7 LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $316,853/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 (~$316,853 net) estimated

Revenue multiple
$848k–$1.36M
0.5–0.8× gross
SDE multiple
$792k–$1.11M
2.5–3.5× earnings
Cap rate
$960k–$1.27M
25–33%
Suggested range
$848k–$1,109k
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.

Federal court history

Public records · last checked 2026-06-04

Lookup pending — check back tomorrow

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