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RM609785
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Lucky Strike Garland

1950 MARKETPLACE DR, Garland, TX 75041 · TABC RM609785

Mixed Beverage Garland Market Enriched 2026-08-20
$734,526 Annual gross (L12M) ▼ 21.6% latest MoM Click for monthly detail
$61,210 Avg monthly ▼ 18.8% latest vs avg Click for monthly detail
~-20% Est. net margin (likely) $-145,621/yr est. net Click for cost model
$367k–$-510k Est. acquisition range -0.10× 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): $773,185 – $864,148/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Lucky Strike Garland is a mixed-beverage licensed establishment at 1950 MARKETPLACE DR, Garland, Texas (TABC RM609785). Over the most recent 12 months it reported $734,526 in gross alcohol sales, averaging $61,210/month with a best month of $78,425. Sales mix: ~60% liquor · 39% beer · 0% wine. The building at this address is owned by WAL MART REAL ESTATE (26,419 sqft, $12,347,820 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-145,621 (~-20% margin). Acquisition value is estimated at $367k–$-510k 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
$734,526
Avg monthly
$61,210
Best month
$78,425
Oct 2025
Sales mix
60% Liq
39% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID26630670010010000
Property owner (landlord)WAL MART REAL ESTATE
Total building SF26,419
Assessed value$12,347,820

Lucky Strike Garland's share

Est. base rent ~$56/sqft/yr · 3,500 sqft · Class A $16,358/mo
NNN CAM / insurance$2,454/mo
NNN property tax$3,272/mo
Personal property tax own fixtures · Prop 99090306100000000 $14,780/mo
Total occupancy $36,864/mo

Occupancy analysis

All-in occupancy cost is 60.2% 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 $734,526 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-6%
Revenue$734,526
COGS (24%)−$176,286
Labor (14%)−$102,834
Occupancy−$398,132
TX MB gross tax (6.7%)−$49,213
Utilities / ins / mktg (8%)−$58,762
Card surcharge net+$8,080
Net profit $-42,622
Most Likely
Typical bar, light food program, full two-shift staffing
~-20%
Revenue$734,526
COGS (27%)−$198,322
Labor (17%)−$124,869
Occupancy−$442,369
TX MB gross tax (6.7%)−$49,213
Utilities / ins / mktg (10%)−$73,453
Card surcharge net+$8,080
Net profit $-145,621
Stressed
Heavy food, larger crew, higher rent
~-36%
Revenue$734,526
COGS (30%)−$220,358
Labor (22%)−$161,596
Occupancy−$486,606
TX MB gross tax (6.7%)−$49,213
Utilities / ins / mktg (12%)−$88,143
Card surcharge net+$8,080
Net profit $-263,310
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 300 INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-145,621/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 (~$-145,621 net) estimated

Revenue multiple
$367k–$588k
0.5–0.8× gross
SDE multiple
$-364k–$-510k
2.5–3.5× earnings
Cap rate
$-441k–$-582k
25–33%
Suggested range
$367k–$-510k
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

20 cases on file · 1 currently open · public records

20 federal cases
1 currently open
5 bankruptcy
2 wage-and-hour
1 contract
2 civil rights
As defendant in 1 case · As plaintiff in 4
Most recent filing
Gustafson v. Norrells
GAND · 2024-09-06 · OPEN
Public records, last checked 2026-05-22