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MB945619
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Hg Sply CO

1621 RIVER RUN STE 176, Fort Worth, TX 76107 · TABC MB945619

Mixed Beverage Fort Worth Market Enriched 2026-05-14
$1,367,837 Annual gross (L12M) ▲ 16.4% latest MoM Click for monthly detail
$113,986 Avg monthly ▲ 19.5% latest vs avg Click for monthly detail
~38% Est. net margin (likely) $518,192/yr est. net Click for cost model
$1,295k–$1,368k Est. acquisition range 0.97× 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): $1,439,828 – $1,609,220/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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Hg Sply CO is a mixed-beverage licensed establishment at 1621 RIVER RUN STE 176, Fort Worth, Texas (TABC MB945619). Over the most recent 12 months it reported $1,367,837 in gross alcohol sales, averaging $113,986/month with a best month of $154,940. Sales mix: ~72% liquor · 14% beer · 15% wine. The building at this address is owned by COREPOWER YOGA LLC $328,392 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $518,192 (~38% margin). Acquisition value is estimated at $1,295k–$1,368k 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
$1,367,837
Avg monthly
$113,986
Best month
$154,940
May 2025
Sales mix
72% Liq
14% Beer · 15% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID14285407
Property owner (landlord)COREPOWER YOGA LLC
Hg Sply CO's footprint estimated — suite-level not on file 4,000 sf
Assessed value$328,392

Hg Sply CO's share

Est. base rent ~$6/sqft/yr · 4,000 sqft · Class C $1,970/mo
NNN CAM / insurance$296/mo
NNN property tax$328/mo
Personal property tax est — no BPP record $274/mo
Total occupancy $2,868/mo

Occupancy analysis

All-in occupancy cost is 2.5% 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 $1,367,837 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~46%
Revenue$1,367,837
COGS (24%)−$328,281
Labor (14%)−$191,497
Occupancy−$30,973
TX MB gross tax (6.7%)−$91,645
Utilities / ins / mktg (8%)−$109,427
Card surcharge net+$15,046
Net profit $631,060
Most Likely
Typical bar, light food program, full two-shift staffing
~38%
Revenue$1,367,837
COGS (27%)−$369,316
Labor (17%)−$232,532
Occupancy−$34,414
TX MB gross tax (6.7%)−$91,645
Utilities / ins / mktg (10%)−$136,784
Card surcharge net+$15,046
Net profit $518,192
Stressed
Heavy food, larger crew, higher rent
~28%
Revenue$1,367,837
COGS (30%)−$410,351
Labor (22%)−$300,924
Occupancy−$37,856
TX MB gross tax (6.7%)−$91,645
Utilities / ins / mktg (12%)−$164,140
Card surcharge net+$15,046
Net profit $377,967
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 Hg Sply Fort Worth LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $518,192/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 (~$518,192 net) estimated

Revenue multiple
$684k–$1.09M
0.5–0.8× gross
SDE multiple
$1.30M–$1.81M
2.5–3.5× earnings
Cap rate
$1.57M–$2.07M
25–33%
Suggested range
$1,295k–$1,368k
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 2026-06-10

Lookup pending — check back tomorrow

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