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MB200120792
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Gen Korean Bbq House

203 MERCHANTS ROW STE 141, Arlington, TX 76018 · TABC MB200120792

Mixed Beverage Arlington Market Enriched 2026-09-11
$196,383 Annual gross (L12M) ▼ 2.0% latest MoM Click for monthly detail
$16,365 Avg monthly ▼ 20.7% latest vs avg Click for monthly detail
~26% Est. net margin (likely) $51,301/yr est. net Click for cost model
$128k–$180k Est. acquisition range 0.78× annual gross (blended) Click for valuation methods
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Executive Summary

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Gen Korean Bbq House is a mixed-beverage licensed establishment at 203 MERCHANTS ROW STE 141, Arlington, Texas (TABC MB200120792). Over the most recent 12 months it reported $196,383 in gross alcohol sales, averaging $16,365/month with a best month of $22,279. Sales mix: ~23% liquor · 75% beer · 1% wine. The building at this address is owned by FIVE BELOW INC $420,980 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $51,301 (~26% margin). Acquisition value is estimated at $128k–$180k 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
$196,383
Avg monthly
$16,365
Best month
$22,279
Aug 2025
Sales mix
23% Liq
75% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID14787691
Property owner (landlord)FIVE BELOW INC
Gen Korean Bbq House's footprint estimated — suite-level not on file 2,500 sf
Assessed value$420,980

Gen Korean Bbq House's share

Est. base rent ~$8/sqft/yr · 2,500 sqft · Class C $1,579/mo
NNN CAM / insurance$237/mo
NNN property tax$421/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $2,336/mo

Occupancy analysis

All-in occupancy cost is 14.3% 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 $196,383 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~36%
Revenue$196,383
COGS (24%)−$47,132
Labor (14%)−$27,494
Occupancy−$25,234
TX MB gross tax (6.7%)−$13,158
Utilities / ins / mktg (8%)−$15,711
Card surcharge net+$2,160
Net profit $69,816
Most Likely
Typical bar, light food program, full two-shift staffing
~26%
Revenue$196,383
COGS (27%)−$53,023
Labor (17%)−$33,385
Occupancy−$28,037
TX MB gross tax (6.7%)−$13,158
Utilities / ins / mktg (10%)−$19,638
Card surcharge net+$2,160
Net profit $51,301
Stressed
Heavy food, larger crew, higher rent
~15%
Revenue$196,383
COGS (30%)−$58,915
Labor (22%)−$43,204
Occupancy−$30,841
TX MB gross tax (6.7%)−$13,158
Utilities / ins / mktg (12%)−$23,566
Card surcharge net+$2,160
Net profit $28,859
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 Gen Arlington LP looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $51,301/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 (~$51,301 net) estimated

Revenue multiple
$98k–$157k
0.5–0.8× gross
SDE multiple
$128k–$180k
2.5–3.5× earnings
Cap rate
$155k–$205k
25–33%
Suggested range
$128k–$180k
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 2026-06-20

Lookup pending — check back tomorrow

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