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Financials

RM1092217
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Maridoe Golf Club

2020 KELLY BLVD, Carrollton, TX 75006 · TABC RM1092217

Mixed Beverage Carrollton Market Enriched 2026-07-12
$293,602 Annual gross (L12M) ▲ 24.8% latest MoM Click for monthly detail
$24,467 Avg monthly ▲ 23.4% latest vs avg Click for monthly detail
~-72% Est. net margin (likely) $-212,164/yr est. net Click for cost model
$147k–$-743k Est. acquisition range -1.01× 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 Private Club, liquor is typically only 40–65% of total business revenue. Mixed — depends on dining vs bar focus. Estimated total revenue (rough): $451,695 – $734,005/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

Maridoe Golf Club is a mixed-beverage licensed establishment at 2020 KELLY BLVD, Carrollton, Texas (TABC RM1092217). Over the most recent 12 months it reported $293,602 in gross alcohol sales, averaging $24,467/month with a best month of $50,517. Sales mix: ~58% liquor · 30% beer · 12% wine. The building at this address is owned by CARROLLTON FARMERS BRANCH (11,660 sqft, $8,968,540 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-212,164 (~-72% margin). Acquisition value is estimated at $147k–$-743k 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
$293,602
Avg monthly
$24,467
Best month
$50,517
Sep 2025
Sales mix
58% Liq
30% Beer · 12% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID140406200A0010000
Property owner (landlord)CARROLLTON FARMERS BRANCH
Total building SF11,660
Assessed value$8,968,540

Maridoe Golf Club's share

Est. base rent ~$92/sqft/yr · 2,500 sqft · Class A $19,229/mo
NNN CAM / insurance$2,884/mo
NNN property tax$3,846/mo
Personal property tax own fixtures · Prop 99081104130000000 $1,605/mo
Total occupancy $27,565/mo

Occupancy analysis

All-in occupancy cost is 112.7% 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 $293,602 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-53%
Revenue$293,602
COGS (24%)−$70,464
Labor (14%)−$41,104
Occupancy−$297,701
TX MB gross tax (6.7%)−$19,671
Utilities / ins / mktg (8%)−$23,488
Card surcharge net+$3,230
Net profit $-155,598
Most Likely
Typical bar, light food program, full two-shift staffing
~-72%
Revenue$293,602
COGS (27%)−$79,273
Labor (17%)−$49,912
Occupancy−$330,779
TX MB gross tax (6.7%)−$19,671
Utilities / ins / mktg (10%)−$29,360
Card surcharge net+$3,230
Net profit $-212,164
Stressed
Heavy food, larger crew, higher rent
~-94%
Revenue$293,602
COGS (30%)−$88,081
Labor (22%)−$64,592
Occupancy−$363,857
TX MB gross tax (6.7%)−$19,671
Utilities / ins / mktg (12%)−$35,232
Card surcharge net+$3,230
Net profit $-274,602
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 Ma Columbian Operating LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-212,164/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 (~$-212,164 net) estimated

Revenue multiple
$147k–$235k
0.5–0.8× gross
SDE multiple
$-530k–$-743k
2.5–3.5× earnings
Cap rate
$-643k–$-849k
25–33%
Suggested range
$147k–$-743k
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.