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Financials

MB1128549
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Hendy's On Henderson

2401 N HENDERSON AVE, Dallas, TX 75206 · TABC MB1128549

Mixed Beverage Dallas Market Enriched 2026-05-24
$4,243,888 Annual gross (L12M) ▼ 10.9% latest MoM Click for monthly detail
$424,389 Avg monthly ▲ 10.8% latest vs avg Click for monthly detail
~36% Est. net margin (likely) $1,506,934/yr est. net Click for cost model
$3,767k–$4,244k Est. acquisition range 0.94× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $4,467,251 – $4,992,809/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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Hendy's On Henderson is a mixed-beverage licensed establishment at 2401 N HENDERSON AVE, Dallas, Texas (TABC MB1128549). Over the most recent 12 months it reported $4,243,888 in gross alcohol sales, averaging $424,389/month with a best month of $527,767. Sales mix: ~85% liquor · 9% beer · 6% wine. The building at this address is owned by CAPITOL FLATS LP (111,190 sqft, $21,805,930 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,506,934 (~36% margin). Acquisition value is estimated at $3,767k–$4,244k 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
$4,243,888
Avg monthly
$424,389
Best month
$527,767
Mar 2026
Sales mix
85% Liq
9% Beer · 6% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID001993000C14A0000
Property owner (landlord)CAPITOL FLATS LP
Total building SF111,190
Assessed value$21,805,930

Hendy's On Henderson's share

Est. base rent ~$20/sqft/yr · 7,500 sqft · Class B $12,257/mo
NNN CAM / insurance$1,839/mo
NNN property tax$2,942/mo
Personal property tax own fixtures · Prop 99251028800000000 $262/mo
Total occupancy $17,300/mo

Occupancy analysis

All-in occupancy cost is 4.9% 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 $4,243,888 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~44%
Revenue$4,243,888
COGS (24%)−$1,018,533
Labor (14%)−$594,144
Occupancy−$186,837
TX MB gross tax (6.7%)−$284,340
Utilities / ins / mktg (8%)−$339,511
Card surcharge net+$46,683
Net profit $1,867,204
Most Likely
Typical bar, light food program, full two-shift staffing
~36%
Revenue$4,243,888
COGS (27%)−$1,145,850
Labor (17%)−$721,461
Occupancy−$207,597
TX MB gross tax (6.7%)−$284,340
Utilities / ins / mktg (10%)−$424,389
Card surcharge net+$46,683
Net profit $1,506,934
Stressed
Heavy food, larger crew, higher rent
~25%
Revenue$4,243,888
COGS (30%)−$1,273,166
Labor (22%)−$933,655
Occupancy−$228,357
TX MB gross tax (6.7%)−$284,340
Utilities / ins / mktg (12%)−$509,267
Card surcharge net+$46,683
Net profit $1,061,785
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 Not Uptown LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,506,934/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 (~$1,506,934 net) estimated

Revenue multiple
$2.12M–$3.40M
0.5–0.8× gross
SDE multiple
$3.77M–$5.27M
2.5–3.5× earnings
Cap rate
$4.57M–$6.03M
25–33%
Suggested range
$3,767k–$4,244k
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 2026-05-25

Lookup pending — check back tomorrow

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