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Concrete Cowboy Frisco At The Star

3685 THE STAR BLVD STE 210, Frisco, TX 75034 · TABC RM995682

Mixed Beverage Frisco Market Enriched 2026-07-10
$2,331,973 Annual gross (L12M) ▲ 14.4% latest MoM Click for monthly detail
$194,331 Avg monthly ▼ 20.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $522,362/yr est. net Click for cost model
$1,306k–$1,828k Est. acquisition range 0.67× 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): $2,331,973 – $2,591,081/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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Concrete Cowboy Frisco At The Star is a mixed-beverage licensed establishment at 3685 THE STAR BLVD STE 210, Frisco, Texas (TABC RM995682). Over the most recent 12 months it reported $2,331,973 in gross alcohol sales, averaging $194,331/month with a best month of $236,742. Sales mix: ~93% liquor · 5% beer · 2% wine. The building at this address is owned by BLUE STAR FRISCO RETAIL LP (212,698 sqft, $93,640,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $522,362 (~22% margin). Acquisition value is estimated at $1,306k–$1,828k 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
$2,331,973
Avg monthly
$194,331
Best month
$236,742
Jun 2025
Sales mix
93% Liq
5% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2712517
Property owner (landlord)BLUE STAR FRISCO RETAIL LP
Total building SF whole parcel — Concrete Cowboy Frisco At The Star is in STE 210212,698
Concrete Cowboy Frisco At The Star's footprint estimated — suite-level not on file 7,500 sf
Assessed value$93,640,000

Concrete Cowboy Frisco At The Star's share

Est. base rent ~$40/sqft/yr · 7,500 sqft · Class A $25,038/mo
NNN CAM / insurance$3,756/mo
NNN property tax$5,778/mo
Personal property tax est — no BPP record $408/mo
Total occupancy $34,980/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $2,331,973 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$2,331,973
COGS (24%)−$559,674
Labor (14%)−$326,476
Occupancy−$377,780
TX MB gross tax (6.7%)−$156,242
Utilities / ins / mktg (8%)−$186,558
Card surcharge net+$25,652
Net profit $750,895
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$2,331,973
COGS (27%)−$629,633
Labor (17%)−$396,435
Occupancy−$419,755
TX MB gross tax (6.7%)−$156,242
Utilities / ins / mktg (10%)−$233,197
Card surcharge net+$25,652
Net profit $522,362
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$2,331,973
COGS (30%)−$699,592
Labor (22%)−$513,034
Occupancy−$461,731
TX MB gross tax (6.7%)−$156,242
Utilities / ins / mktg (12%)−$279,837
Card surcharge net+$25,652
Net profit $247,189
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 Unchained LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $522,362/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 (~$522,362 net) estimated

Revenue multiple
$1.17M–$1.87M
0.5–0.8× gross
SDE multiple
$1.31M–$1.83M
2.5–3.5× earnings
Cap rate
$1.58M–$2.09M
25–33%
Suggested range
$1,306k–$1,828k
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

1 case on file · public records

1 federal case
Most recent filing
Founders Insurance Company v. Motsinger
FLMD · 2011-04-26 · CLOSED
Public records, last checked 2026-05-26