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MB105865000
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Felix Culpa

3001 N HENDERSON AVE, Dallas, TX 75206 · TABC MB105865000

Mixed Beverage Dallas Market Enriched 2026-06-19
$862,262 Annual gross (L12M) Click for monthly detail
$143,710 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~26% Est. net margin (likely) $221,212/yr est. net Click for cost model
$553k–$774k Est. acquisition range 0.77× 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): $907,644 – $1,014,426/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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Felix Culpa is a mixed-beverage licensed establishment at 3001 N HENDERSON AVE, Dallas, Texas (TABC MB105865000). Over the most recent 12 months it reported $862,262 in gross alcohol sales, averaging $143,710/month with a best month of $143,711. The building at this address is owned by 2923 N HENDERSON LLC (20,183 sqft, $4,267,500 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $221,212 (~26% margin). Acquisition value is estimated at $553k–$774k 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
$862,262
Avg monthly
$143,710
Best month
$143,711
Aug 2025
Sales mix
—

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000190327000000
Property owner (landlord)2923 N HENDERSON LLC
Total building SF20,183
Assessed value$4,267,500

Felix Culpa's share

Est. base rent ~$25/sqft/yr · 3,500 sqft · Class A $7,400/mo
NNN CAM / insurance$1,110/mo
NNN property tax$1,480/mo
Personal property tax own fixtures · Prop 99181030410000000 $605/mo
Total occupancy $10,595/mo

Occupancy analysis

All-in occupancy cost is 14.7% 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 $862,262 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$862,262
COGS (24%)−$206,943
Labor (14%)−$120,717
Occupancy−$114,427
TX MB gross tax (6.7%)−$57,772
Utilities / ins / mktg (8%)−$68,981
Card surcharge net+$9,485
Net profit $302,907
Most Likely
Typical bar, light food program, full two-shift staffing
~26%
Revenue$862,262
COGS (27%)−$232,811
Labor (17%)−$146,585
Occupancy−$127,142
TX MB gross tax (6.7%)−$57,772
Utilities / ins / mktg (10%)−$86,226
Card surcharge net+$9,485
Net profit $221,212
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$862,262
COGS (30%)−$258,679
Labor (22%)−$189,698
Occupancy−$139,856
TX MB gross tax (6.7%)−$57,772
Utilities / ins / mktg (12%)−$103,471
Card surcharge net+$9,485
Net profit $122,272
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 Sbbc Felix LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $221,212/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 (~$221,212 net) estimated

Revenue multiple
$431k–$690k
0.5–0.8× gross
SDE multiple
$553k–$774k
2.5–3.5× earnings
Cap rate
$670k–$885k
25–33%
Suggested range
$553k–$774k
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 2026-06-30

Lookup pending — check back tomorrow

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