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Financials

RM1004600
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Longhorn Steakhouse #5581

3421 N CENTRAL EXPY, Plano, TX 75023 · TABC RM1004600

Mixed Beverage Plano Market Enriched 2026-07-10
$498,150 Annual gross (L12M) ▲ 17.1% latest MoM Click for monthly detail
$41,512 Avg monthly ▲ 12.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $111,586/yr est. net Click for cost model
$279k–$391k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $1,245,375 – $1,992,600/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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Longhorn Steakhouse #5581 is a mixed-beverage licensed establishment at 3421 N CENTRAL EXPY, Plano, Texas (TABC RM1004600). Over the most recent 12 months it reported $498,150 in gross alcohol sales, averaging $41,512/month with a best month of $62,351. Sales mix: ~66% liquor · 21% beer · 13% wine. The building at this address is owned by PCI PLANO LLC (5,973 sqft, $4,575,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $111,586 (~22% margin). Acquisition value is estimated at $279k–$391k 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
$498,150
Avg monthly
$41,512
Best month
$62,351
Mar 2026
Sales mix
66% Liq
21% Beer · 13% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2146003
Property owner (landlord)PCI PLANO LLC
Total building SF5,973
Assessed value$4,575,000

Longhorn Steakhouse #5581's share

Est. base rent ~$17/sqft/yr · 2,500 sqft · Class A $3,508/mo
NNN CAM / insurance$526/mo
NNN property tax$3,351/mo
Personal property tax est — no BPP record $88/mo
Total occupancy $7,472/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 $498,150 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$498,150
COGS (24%)−$119,556
Labor (14%)−$69,741
Occupancy−$80,700
TX MB gross tax (6.7%)−$33,376
Utilities / ins / mktg (8%)−$39,852
Card surcharge net+$5,480
Net profit $160,404
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$498,150
COGS (27%)−$134,500
Labor (17%)−$84,686
Occupancy−$89,667
TX MB gross tax (6.7%)−$33,376
Utilities / ins / mktg (10%)−$49,815
Card surcharge net+$5,480
Net profit $111,586
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$498,150
COGS (30%)−$149,445
Labor (22%)−$109,593
Occupancy−$98,634
TX MB gross tax (6.7%)−$33,376
Utilities / ins / mktg (12%)−$59,778
Card surcharge net+$5,480
Net profit $52,804
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 Rare Hospitality International INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $111,586/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 (~$111,586 net) estimated

Revenue multiple
$249k–$399k
0.5–0.8× gross
SDE multiple
$279k–$391k
2.5–3.5× earnings
Cap rate
$338k–$446k
25–33%
Suggested range
$279k–$391k
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 · Steakhouse

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

We estimate this steakhouse pulls $1,245,375–$1,992,600/yr in total revenue (your liquor portion of $498,150 is roughly 25–40% 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
$1,245k–$1,993k
food + liquor + service
Estimated net (10–15%)
$125k–$299k
restaurant margin
Full-business value
$342k–$1,096k
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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