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Financials

MB406874
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Mi Cocina - Highland Park

77 HIGHLAND PARK VLG, Highland Park, TX 75205 · TABC MB406874

Mixed Beverage Highland Park Market Enriched 2026-05-24
$4,634,407 Annual gross (L12M) ▼ 3.4% latest MoM Click for monthly detail
$386,201 Avg monthly ▼ 2.8% latest vs avg Click for monthly detail
~30% Est. net margin (likely) $1,371,903/yr est. net Click for cost model
$3,430k–$4,634k Est. acquisition range 0.87× 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 Mexican Restaurant, liquor is typically only 20–35% of total business revenue. Mexican restaurant. Margaritas + tequila lift the liquor share but food still dominates. Estimated total revenue (rough): $13,241,163 – $23,172,035/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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Mi Cocina - Highland Park is a mixed-beverage licensed establishment at 77 HIGHLAND PARK VLG, Highland Park, Texas (TABC MB406874). Over the most recent 12 months it reported $4,634,407 in gross alcohol sales, averaging $386,201/month with a best month of $463,977. Sales mix: ~89% liquor · 6% beer · 6% wine. The building at this address is owned by HP VILLAGE PARTNERS LP (991,516 sqft, $390,000,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,371,903 (~30% margin). Acquisition value is estimated at $3,430k–$4,634k 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
$4,634,407
Avg monthly
$386,201
Best month
$463,977
May 2025
Sales mix
89% Liq
6% Beer · 6% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID600865000B0010000
Property owner (landlord)HP VILLAGE PARTNERS LP
Total building SF991,516
Assessed value$390,000,000

Mi Cocina - Highland Park's share

Est. base rent ~$47/sqft/yr · 7,500 sqft · Class A $29,500/mo
NNN CAM / insurance$4,425/mo
NNN property tax$5,900/mo
Personal property tax own fixtures · Prop 99933060000034150 $1,874/mo
Total occupancy $41,700/mo

Occupancy analysis

All-in occupancy cost is 10.8% 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 $4,634,407 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$4,634,407
COGS (24%)−$1,112,258
Labor (14%)−$648,817
Occupancy−$450,358
TX MB gross tax (6.7%)−$310,505
Utilities / ins / mktg (8%)−$370,753
Card surcharge net+$50,978
Net profit $1,792,695
Most Likely
Typical bar, light food program, full two-shift staffing
~30%
Revenue$4,634,407
COGS (27%)−$1,251,290
Labor (17%)−$787,849
Occupancy−$500,398
TX MB gross tax (6.7%)−$310,505
Utilities / ins / mktg (10%)−$463,441
Card surcharge net+$50,978
Net profit $1,371,903
Stressed
Heavy food, larger crew, higher rent
~19%
Revenue$4,634,407
COGS (30%)−$1,390,322
Labor (22%)−$1,019,570
Occupancy−$550,437
TX MB gross tax (6.7%)−$310,505
Utilities / ins / mktg (12%)−$556,129
Card surcharge net+$50,978
Net profit $858,422
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 Mico 21 Club INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,371,903/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 (~$1,371,903 net) estimated

Revenue multiple
$2.32M–$3.71M
0.5–0.8× gross
SDE multiple
$3.43M–$4.80M
2.5–3.5× earnings
Cap rate
$4.16M–$5.49M
25–33%
Suggested range
$3,430k–$4,634k
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 · Mexican Restaurant

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

We estimate this mexican restaurant pulls $13,241,163–$23,172,035/yr in total revenue (your liquor portion of $4,634,407 is roughly 20–35% 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
$13,241k–$23,172k
food + liquor + service
Estimated net (10–15%)
$1,324k–$3,476k
restaurant margin
Full-business value
$3,641k–$12,745k
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 2026-06-17

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