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MB922219
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Fielding's Wood Grill

1699 RESEARCH FOREST DR STE 130, Shenandoah, TX 77380 · TABC MB922219

Mixed Beverage Shenandoah Market Enriched 2026-09-11
$564,986 Annual gross (L12M) ▲ 5.0% latest MoM Click for monthly detail
$47,082 Avg monthly ▲ 0.9% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $158,789/yr est. net Click for cost model
$397k–$556k Est. acquisition range 0.84× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $1,255,524 – $2,259,944/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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Fielding's Wood Grill is a mixed-beverage licensed establishment at 1699 RESEARCH FOREST DR STE 130, Shenandoah, Texas (TABC MB922219). Over the most recent 12 months it reported $564,986 in gross alcohol sales, averaging $47,082/month with a best month of $56,134. Sales mix: ~61% liquor · 13% beer · 26% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $158,789 (~28% margin). Acquisition value is estimated at $397k–$556k 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
$564,986
Avg monthly
$47,082
Best month
$56,134
Dec 2025
Sales mix
61% Liq
13% Beer · 26% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$4,944/mo
NNN CAM / insurance$742/mo
Total occupancy$5,789/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $564,986 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$564,986
COGS (24%)−$135,597
Labor (14%)−$79,098
Occupancy−$62,519
TX MB gross tax (6.7%)−$37,854
Utilities / ins / mktg (8%)−$45,199
Card surcharge net+$6,215
Net profit $210,935
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$564,986
COGS (27%)−$152,546
Labor (17%)−$96,048
Occupancy−$69,465
TX MB gross tax (6.7%)−$37,854
Utilities / ins / mktg (10%)−$56,499
Card surcharge net+$6,215
Net profit $158,789
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$564,986
COGS (30%)−$169,496
Labor (22%)−$124,297
Occupancy−$76,412
TX MB gross tax (6.7%)−$37,854
Utilities / ins / mktg (12%)−$67,798
Card surcharge net+$6,215
Net profit $95,344
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 Fielding's Wood Grill LLC looking up officers…
6
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $158,789/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 (~$158,789 net) estimated

Revenue multiple
$282k–$452k
0.5–0.8× gross
SDE multiple
$397k–$556k
2.5–3.5× earnings
Cap rate
$481k–$635k
25–33%
Suggested range
$397k–$556k
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.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $1,255,524–$2,259,944/yr in total revenue (your liquor portion of $564,986 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$1,256k–$2,260k
food + liquor + service
Estimated net (10–15%)
$126k–$339k
restaurant margin
Full-business value
$345k–$1,243k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-06-04

No federal lawsuits — past or pending