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MB200076735
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Fish City Grill

5401 CROSSLAKE PKWY STE 700, Waco, TX 76712 · TABC MB200076735

Mixed Beverage Waco Market Enriched 2026-08-22
$237,881 Annual gross (L12M) ▼ 22.2% latest MoM Click for monthly detail
$19,823 Avg monthly ▼ 12.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $66,230/yr est. net Click for cost model
$166k–$232k 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): $528,624 – $951,524/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Fish City Grill is a mixed-beverage licensed establishment at 5401 CROSSLAKE PKWY STE 700, Waco, Texas (TABC MB200076735). Over the most recent 12 months it reported $237,881 in gross alcohol sales, averaging $19,823/month with a best month of $24,686. Sales mix: ~58% liquor · 21% beer · 21% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $66,230 (~28% margin). Acquisition value is estimated at $166k–$232k 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
$237,881
Avg monthly
$19,823
Best month
$24,686
Mar 2026
Sales mix
58% Liq
21% Beer · 21% 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)$2,081/mo
NNN CAM / insurance$312/mo
Total occupancy$2,490/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 $237,881 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$237,881
COGS (24%)−$57,091
Labor (14%)−$33,303
Occupancy−$26,887
TX MB gross tax (6.7%)−$15,938
Utilities / ins / mktg (8%)−$19,030
Card surcharge net+$2,617
Net profit $88,248
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$237,881
COGS (27%)−$64,228
Labor (17%)−$40,440
Occupancy−$29,874
TX MB gross tax (6.7%)−$15,938
Utilities / ins / mktg (10%)−$23,788
Card surcharge net+$2,617
Net profit $66,230
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$237,881
COGS (30%)−$71,364
Labor (22%)−$52,334
Occupancy−$32,862
TX MB gross tax (6.7%)−$15,938
Utilities / ins / mktg (12%)−$28,546
Card surcharge net+$2,617
Net profit $39,454
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 Waco LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $66,230/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 (~$66,230 net) estimated

Revenue multiple
$119k–$190k
0.5–0.8× gross
SDE multiple
$166k–$232k
2.5–3.5× earnings
Cap rate
$201k–$265k
25–33%
Suggested range
$166k–$232k
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 $528,624–$951,524/yr in total revenue (your liquor portion of $237,881 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
$529k–$952k
food + liquor + service
Estimated net (10–15%)
$53k–$143k
restaurant margin
Full-business value
$145k–$523k
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 2026-08-18

Lookup pending — check back tomorrow

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