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MB200095207
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Fish City Grill

1150 S PRESTON RD STE 10, Prosper, TX 75078 · TABC MB200095207

Mixed Beverage Prosper Market Enriched 2026-07-09
$353,447 Annual gross (L12M) ▲ 18.4% latest MoM Click for monthly detail
$29,454 Avg monthly ▲ 21.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $79,172/yr est. net Click for cost model
$198k–$277k 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 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): $785,438 – $1,413,788/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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Fish City Grill is a mixed-beverage licensed establishment at 1150 S PRESTON RD STE 10, Prosper, Texas (TABC MB200095207). Over the most recent 12 months it reported $353,447 in gross alcohol sales, averaging $29,454/month with a best month of $35,628. Sales mix: ~54% liquor · 18% beer · 28% wine. The building at this address is owned by CK PERRY LLC & MK PERRY LLC & DK PERRY LLC & KK PERRY LLC (3,800 sqft, $3,455,233 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $79,172 (~22% margin). Acquisition value is estimated at $198k–$277k 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
$353,447
Avg monthly
$29,454
Best month
$35,628
May 2026
Sales mix
54% Liq
18% Beer · 28% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2734159
Property owner (landlord)CK PERRY LLC & MK PERRY LLC & DK PERRY LLC & KK PERRY LLC
Total building SF whole parcel — Fish City Grill is in STE 103,800
Fish City Grill's footprint estimated — suite-level not on file 2,500 sf
Assessed value$3,455,233

Fish City Grill's share

Est. base rent ~$9/sqft/yr · 2,500 sqft · Class A $1,905/mo
NNN CAM / insurance$286/mo
NNN property tax$3,023/mo
Personal property tax est — no BPP record $88/mo
Total occupancy $5,302/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 $353,447 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$353,447
COGS (24%)−$84,827
Labor (14%)−$49,483
Occupancy−$57,258
TX MB gross tax (6.7%)−$23,681
Utilities / ins / mktg (8%)−$28,276
Card surcharge net+$3,888
Net profit $113,810
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$353,447
COGS (27%)−$95,431
Labor (17%)−$60,086
Occupancy−$63,620
TX MB gross tax (6.7%)−$23,681
Utilities / ins / mktg (10%)−$35,345
Card surcharge net+$3,888
Net profit $79,172
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$353,447
COGS (30%)−$106,034
Labor (22%)−$77,758
Occupancy−$69,983
TX MB gross tax (6.7%)−$23,681
Utilities / ins / mktg (12%)−$42,414
Card surcharge net+$3,888
Net profit $37,465
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 Fcg Prosper LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $79,172/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 (~$79,172 net) estimated

Revenue multiple
$177k–$283k
0.5–0.8× gross
SDE multiple
$198k–$277k
2.5–3.5× earnings
Cap rate
$240k–$317k
25–33%
Suggested range
$198k–$277k
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 $785,438–$1,413,788/yr in total revenue (your liquor portion of $353,447 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
$785k–$1,414k
food + liquor + service
Estimated net (10–15%)
$79k–$212k
restaurant margin
Full-business value
$216k–$778k
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 2026-07-24

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