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RM839263
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Lone Star Attitude Burger CO

113 W HICKORY ST, Denton, TX 76201 · TABC RM839263

Mixed Beverage Denton Market Enriched 2026-07-12
$867,099 Annual gross (L12M) ▲ 3.4% latest MoM Click for monthly detail
$72,258 Avg monthly ▼ 9.3% latest vs avg Click for monthly detail
~24% Est. net margin (likely) $204,915/yr est. net Click for cost model
$512k–$717k Est. acquisition range 0.71× 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 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): $1,926,887 – $3,468,396/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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Lone Star Attitude Burger CO is a mixed-beverage licensed establishment at 113 W HICKORY ST, Denton, Texas (TABC RM839263). Over the most recent 12 months it reported $867,099 in gross alcohol sales, averaging $72,258/month with a best month of $88,295. Sales mix: ~62% liquor · 35% beer · 3% wine. The building at this address is owned by KITCHENS, GORDON KIM (6,316 sqft, $1,640,352 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $204,915 (~24% margin). Acquisition value is estimated at $512k–$717k 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
$867,099
Avg monthly
$72,258
Best month
$88,295
Oct 2025
Sales mix
62% Liq
35% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID32781
Property owner (landlord)KITCHENS, GORDON KIM
Total building SF6,316
Assessed value$1,640,352

Lone Star Attitude Burger CO's share

Est. base rent ~$31/sqft/yr · 3,500 sqft · Class A $9,090/mo
NNN CAM / insurance$1,363/mo
NNN property tax$1,504/mo
Personal property tax est — no BPP record $159/mo
Total occupancy $12,116/mo

Occupancy analysis

All-in occupancy cost is 16.8% 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 $867,099 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~33%
Revenue$867,099
COGS (24%)−$208,104
Labor (14%)−$121,394
Occupancy−$130,854
TX MB gross tax (6.7%)−$58,096
Utilities / ins / mktg (8%)−$69,368
Card surcharge net+$9,538
Net profit $288,822
Most Likely
Typical bar, light food program, full two-shift staffing
~24%
Revenue$867,099
COGS (27%)−$234,117
Labor (17%)−$147,407
Occupancy−$145,393
TX MB gross tax (6.7%)−$58,096
Utilities / ins / mktg (10%)−$86,710
Card surcharge net+$9,538
Net profit $204,915
Stressed
Heavy food, larger crew, higher rent
~12%
Revenue$867,099
COGS (30%)−$260,130
Labor (22%)−$190,762
Occupancy−$159,933
TX MB gross tax (6.7%)−$58,096
Utilities / ins / mktg (12%)−$104,052
Card surcharge net+$9,538
Net profit $103,666
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 Di2 - Denton I LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $204,915/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 (~$204,915 net) estimated

Revenue multiple
$434k–$694k
0.5–0.8× gross
SDE multiple
$512k–$717k
2.5–3.5× earnings
Cap rate
$621k–$820k
25–33%
Suggested range
$512k–$717k
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 $1,926,887–$3,468,396/yr in total revenue (your liquor portion of $867,099 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
$1,927k–$3,468k
food + liquor + service
Estimated net (10–15%)
$193k–$520k
restaurant margin
Full-business value
$530k–$1,908k
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 2026-06-29

Lookup pending — check back tomorrow

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