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Financials

MB106966479
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Corn And Rye Spirits Catering

3501 FM 157 STE 117, Fort Worth, TX 76040 · TABC MB106966479

Mixed Beverage Fort Worth Market Enriched 2026-05-24
$2,617,533 Annual gross (L12M) ▲ 13.2% latest MoM Click for monthly detail
$218,128 Avg monthly ▲ 20.1% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $664,376/yr est. net Click for cost model
$1,661k–$2,325k Est. acquisition range 0.76× 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 Wine Bar, liquor is typically only 80–95% of total business revenue. Wine + spirits dominant. Estimated total revenue (rough): $2,755,298 – $3,271,916/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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Corn And Rye Spirits Catering is a mixed-beverage licensed establishment at 3501 FM 157 STE 117, Fort Worth, Texas (TABC MB106966479). Over the most recent 12 months it reported $2,617,533 in gross alcohol sales, averaging $218,128/month with a best month of $351,383. Sales mix: ~45% liquor · 25% beer · 30% wine. The building at this address is owned by NNN REIT LP (4,946 sqft, $1,749,559 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $664,376 (~25% margin). Acquisition value is estimated at $1,661k–$2,325k 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
$2,617,533
Avg monthly
$218,128
Best month
$351,383
Nov 2025
Sales mix
45% Liq
25% Beer · 30% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID42789255
Property owner (landlord)NNN REIT LP
Total building SF whole parcel — Corn And Rye Spirits Catering is in STE 1174,946
Corn And Rye Spirits Catering's footprint estimated — suite-level not on file 7,500 sf
Assessed value$1,749,559

Corn And Rye Spirits Catering's share

Est. base rent ~$42/sqft/yr · 7,500 sqft · Class A $26,530/mo
NNN CAM / insurance$3,979/mo
NNN property tax$1,750/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $32,759/mo

Occupancy analysis

All-in occupancy cost is 15.0% 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 $2,617,533 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$2,617,533
COGS (24%)−$628,208
Labor (14%)−$366,455
Occupancy−$353,797
TX MB gross tax (6.7%)−$175,375
Utilities / ins / mktg (8%)−$209,403
Card surcharge net+$28,793
Net profit $913,089
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$2,617,533
COGS (27%)−$706,734
Labor (17%)−$444,981
Occupancy−$393,107
TX MB gross tax (6.7%)−$175,375
Utilities / ins / mktg (10%)−$261,753
Card surcharge net+$28,793
Net profit $664,376
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$2,617,533
COGS (30%)−$785,260
Labor (22%)−$575,857
Occupancy−$432,418
TX MB gross tax (6.7%)−$175,375
Utilities / ins / mktg (12%)−$314,104
Card surcharge net+$28,793
Net profit $363,312
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 Corn & Rye Spirits Catering LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $664,376/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 (~$664,376 net) estimated

Revenue multiple
$1.31M–$2.09M
0.5–0.8× gross
SDE multiple
$1.66M–$2.33M
2.5–3.5× earnings
Cap rate
$2.01M–$2.66M
25–33%
Suggested range
$1,661k–$2,325k
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 2026-05-25

Lookup pending — check back tomorrow

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