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Financials

MB200062674
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Gillespie's Tavern At The Shire

3600 SHIRE BLVD STE 112, Richardson, TX 75082 · TABC MB200062674

Mixed Beverage Richardson Market Enriched 2026-07-11
$671,322 Annual gross (L12M) ▲ 10.0% latest MoM Click for monthly detail
$55,944 Avg monthly ▼ 6.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $150,376/yr est. net Click for cost model
$376k–$526k 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 Pub, liquor is typically only 60–80% of total business revenue. Liquor majority with food. Estimated total revenue (rough): $839,152 – $1,118,870/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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Gillespie's Tavern At The Shire is a mixed-beverage licensed establishment at 3600 SHIRE BLVD STE 112, Richardson, Texas (TABC MB200062674). Over the most recent 12 months it reported $671,322 in gross alcohol sales, averaging $55,944/month with a best month of $69,569. Sales mix: ~52% liquor · 35% beer · 13% wine. The building at this address is owned by VENTURE SHIRE LLC (74,240 sqft, $18,724,281 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $150,376 (~22% margin). Acquisition value is estimated at $376k–$526k 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
$671,322
Avg monthly
$55,944
Best month
$69,569
Mar 2026
Sales mix
52% Liq
35% Beer · 13% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2763767
Property owner (landlord)VENTURE SHIRE LLC
Total building SF whole parcel — Gillespie's Tavern At The Shire is in STE 11274,240
Gillespie's Tavern At The Shire's footprint estimated — suite-level not on file 3,500 sf
Assessed value$18,724,281

Gillespie's Tavern At The Shire's share

Est. base rent ~$25/sqft/yr · 3,500 sqft · Class A $7,311/mo
NNN CAM / insurance$1,097/mo
NNN property tax$1,545/mo
Personal property tax est — no BPP record $117/mo
Total occupancy $10,070/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 $671,322 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$671,322
COGS (24%)−$161,117
Labor (14%)−$93,985
Occupancy−$108,754
TX MB gross tax (6.7%)−$44,979
Utilities / ins / mktg (8%)−$53,706
Card surcharge net+$7,385
Net profit $216,166
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$671,322
COGS (27%)−$181,257
Labor (17%)−$114,125
Occupancy−$120,838
TX MB gross tax (6.7%)−$44,979
Utilities / ins / mktg (10%)−$67,132
Card surcharge net+$7,385
Net profit $150,376
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$671,322
COGS (30%)−$201,397
Labor (22%)−$147,691
Occupancy−$132,922
TX MB gross tax (6.7%)−$44,979
Utilities / ins / mktg (12%)−$80,559
Card surcharge net+$7,385
Net profit $71,160
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 Mckinney Aps LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $150,376/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 (~$150,376 net) estimated

Revenue multiple
$336k–$537k
0.5–0.8× gross
SDE multiple
$376k–$526k
2.5–3.5× earnings
Cap rate
$456k–$602k
25–33%
Suggested range
$376k–$526k
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 2026-07-08

Lookup pending — check back tomorrow

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