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Financials

MB105994506
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Mike's Gemini Twin Lounge

1906 S HARWOOD ST, Dallas, TX 75215 · TABC MB105994506

Mixed Beverage Dallas Market Enriched 2026-06-15
$1,089,882 Annual gross (L12M) ▼ 5.9% latest MoM Click for monthly detail
$90,824 Avg monthly ▼ 2.2% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $244,134/yr est. net Click for cost model
$610k–$854k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,147,244 – $1,282,214/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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Mike's Gemini Twin Lounge is a mixed-beverage licensed establishment at 1906 S HARWOOD ST, Dallas, Texas (TABC MB105994506). Over the most recent 12 months it reported $1,089,882 in gross alcohol sales, averaging $90,824/month with a best month of $117,638. Sales mix: ~79% liquor · 19% beer · 2% wine. The building at this address is owned by EMPIRE REAL ESTATE LLC (8,454 sqft, $4,750,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $244,134 (~22% margin). Acquisition value is estimated at $610k–$854k 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
$1,089,882
Avg monthly
$90,824
Best month
$117,638
Dec 2025
Sales mix
79% Liq
19% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00046500010010000
Property owner (landlord)EMPIRE REAL ESTATE LLC
Total building SF8,454
Assessed value$4,750,000

Mike's Gemini Twin Lounge's share

Est. base rent ~$24/sqft/yr · 5,000 sqft · Class A $9,951/mo
NNN CAM / insurance$1,493/mo
NNN property tax$4,750/mo
Personal property tax own fixtures · Prop 99191219430000000 $155/mo
Total occupancy $16,348/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 $1,089,882 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$1,089,882
COGS (24%)−$261,572
Labor (14%)−$152,583
Occupancy−$176,561
TX MB gross tax (6.7%)−$73,022
Utilities / ins / mktg (8%)−$87,191
Card surcharge net+$11,989
Net profit $350,942
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,089,882
COGS (27%)−$294,268
Labor (17%)−$185,280
Occupancy−$196,179
TX MB gross tax (6.7%)−$73,022
Utilities / ins / mktg (10%)−$108,988
Card surcharge net+$11,989
Net profit $244,134
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,089,882
COGS (30%)−$326,965
Labor (22%)−$239,774
Occupancy−$215,797
TX MB gross tax (6.7%)−$73,022
Utilities / ins / mktg (12%)−$130,786
Card surcharge net+$11,989
Net profit $115,527
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 Mike's Partners L.P looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $244,134/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 (~$244,134 net) estimated

Revenue multiple
$545k–$872k
0.5–0.8× gross
SDE multiple
$610k–$854k
2.5–3.5× earnings
Cap rate
$740k–$977k
25–33%
Suggested range
$610k–$854k
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

Public records · last checked 2026-06-11

Lookup pending — check back tomorrow

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