Kitchen + Kocktails By Kevin Kelley L.L.C

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): $14,745,129 – $26,541,232/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.

Executive Summary

Click to expand full narrative

Kitchen + Kocktails By Kevin Kelley L.L.C is a mixed-beverage licensed establishment at 1929 ELM ST, Dallas, Texas (TABC MB1089799). Over the most recent 12 months it reported $6,635,308 in gross alcohol sales, averaging $552,942/month with a best month of $682,766. Sales mix: ~93% liquor · 4% beer · 3% wine. The building at this address is owned by 1900 PACIFIC HOLDINGS LP (235,383 sqft, $43,617,740 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $2,474,581 (~37% margin). Acquisition value is estimated at $6,186k–$6,635k 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

$6,635,308

Avg monthly

$552,942

Best month

$682,766

Oct 2025

Sales mix

93% Liq

4% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00C7714000RES0000

Property owner (landlord)1900 PACIFIC HOLDINGS LP

Total building SF235,383

Assessed value$43,617,740

Kitchen + Kocktails By Kevin Kelley L.L.C's share

Est. base rent ~$19/sqft/yr · 7,500 sqft · Class B $11,582/mo

NNN CAM / insurance$1,737/mo

NNN property tax$2,780/mo

Personal property tax own fixtures · Prop 99200334600367500 $1,075/mo

Total occupancy $17,174/mo

Occupancy analysis

All-in occupancy cost is 3.1% 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 $6,635,308 gross revenue estimated

Best Case

No kitchen, efficient staffing, favorable lease

~46%

Revenue$6,635,308

COGS (24%)−$1,592,474

Labor (14%)−$928,943

Occupancy−$185,475

TX MB gross tax (6.7%)−$444,566

Utilities / ins / mktg (8%)−$530,825

Card surcharge net+$72,988

Net profit $3,026,014

Most Likely

Typical bar, light food program, full two-shift staffing

~37%

Revenue$6,635,308

COGS (27%)−$1,791,533

Labor (17%)−$1,128,002

Occupancy−$206,084

TX MB gross tax (6.7%)−$444,566

Utilities / ins / mktg (10%)−$663,531

Card surcharge net+$72,988

Net profit $2,474,581

Stressed

Heavy food, larger crew, higher rent

~27%

Revenue$6,635,308

COGS (30%)−$1,990,592

Labor (22%)−$1,459,768

Occupancy−$226,692

TX MB gross tax (6.7%)−$444,566

Utilities / ins / mktg (12%)−$796,237

Card surcharge net+$72,988

Net profit $1,790,442

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 1933 Elm LLC looking up officers…

Number of owners

Ownership split

Equal split (50% each)

Based on the "Most Likely" scenario net profit of $2,474,581/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 (~$2,474,581 net) estimated

Revenue multiple

$3.32M–$5.31M

0.5–0.8× gross

SDE multiple

$6.19M–$8.66M

2.5–3.5× earnings

Cap rate

$7.50M–$9.90M

25–33%

Suggested range

$6,186k–$6,635k

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 $14,745,129–$26,541,232/yr in total revenue (your liquor portion of $6,635,308 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

$14,745k–$26,541k

food + liquor + service

Estimated net (10–15%)

$1,475k–$3,981k

restaurant margin

Full-business value

$4,055k–$14,598k

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 2026-05-22

Lookup pending — check back tomorrow

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Financials

Executive Summary

Sales performance · last 12 months

Property & occupancy

Occupancy analysis

Profit scenarios

Owner income estimator

Acquisition value estimate

If you're buying the whole restaurant, not just the bar program

Federal court history