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Financials

MB773549
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Dee Lincoln Events / The Tipsy Alchemist

2101 CEDAR SPRINGS RD STE R125, Dallas, TX 75201 · TABC MB773549

Mixed Beverage Dallas Market Enriched 2026-05-19
$1,696,493 Annual gross (L12M) — 0.0% latest MoM Click for monthly detail
$141,374 Avg monthly ▲ 32.8% latest vs avg Click for monthly detail
~29% Est. net margin (likely) $486,900/yr est. net Click for cost model
$1,217k–$1,696k Est. acquisition range 0.86× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,785,782 – $1,995,874/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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Dee Lincoln Events / The Tipsy Alchemist is a mixed-beverage licensed establishment at 2101 CEDAR SPRINGS RD STE R125, Dallas, Texas (TABC MB773549). Over the most recent 12 months it reported $1,696,493 in gross alcohol sales, averaging $141,374/month with a best month of $187,768. Sales mix: ~93% liquor · 3% beer · 4% wine. The building at this address is owned by GPI HRLP M&O LP (1,867,283 sqft, $359,673,990 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $486,900 (~29% margin). Acquisition value is estimated at $1,217k–$1,696k 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
$1,696,493
Avg monthly
$141,374
Best month
$187,768
Jan 2026
Sales mix
93% Liq
3% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID000948000A0010000
Property owner (landlord)GPI HRLP M&O LP
Total building SF whole parcel — Dee Lincoln Events / The Tipsy Alchemist is in STE R1251,867,283
Dee Lincoln Events / The Tipsy Alchemist's footprint estimated — suite-level not on file 5,000 sf
Assessed value$359,673,990

Dee Lincoln Events / The Tipsy Alchemist's share

Est. base rent ~$19/sqft/yr · 5,000 sqft · Class B $8,026/mo
NNN CAM / insurance$1,204/mo
NNN property tax$1,926/mo
Personal property tax own fixtures · Prop 99820850000011200 $5,384/mo
Total occupancy $16,540/mo

Occupancy analysis

All-in occupancy cost is 11.7% 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 $1,696,493 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~38%
Revenue$1,696,493
COGS (24%)−$407,158
Labor (14%)−$237,509
Occupancy−$178,635
TX MB gross tax (6.7%)−$113,665
Utilities / ins / mktg (8%)−$135,719
Card surcharge net+$18,661
Net profit $642,468
Most Likely
Typical bar, light food program, full two-shift staffing
~29%
Revenue$1,696,493
COGS (27%)−$458,053
Labor (17%)−$288,404
Occupancy−$198,483
TX MB gross tax (6.7%)−$113,665
Utilities / ins / mktg (10%)−$169,649
Card surcharge net+$18,661
Net profit $486,900
Stressed
Heavy food, larger crew, higher rent
~18%
Revenue$1,696,493
COGS (30%)−$508,948
Labor (22%)−$373,228
Occupancy−$218,332
TX MB gross tax (6.7%)−$113,665
Utilities / ins / mktg (12%)−$203,579
Card surcharge net+$18,661
Net profit $297,402
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 D&R Holding-R LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $486,900/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 (~$486,900 net) estimated

Revenue multiple
$848k–$1.36M
0.5–0.8× gross
SDE multiple
$1.22M–$1.70M
2.5–3.5× earnings
Cap rate
$1.48M–$1.95M
25–33%
Suggested range
$1,217k–$1,696k
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 2026-05-22

Lookup pending — check back tomorrow

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