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MB200076766
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P F Chang's China Bistro #9845

2949 AMADOR DR, Fort Worth, TX 76244 · TABC MB200076766

Mixed Beverage Fort Worth Market Enriched 2026-09-11
$243,949 Annual gross (L12M) ▲ 2.4% latest MoM Click for monthly detail
$20,329 Avg monthly ▼ 3.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $54,645/yr est. net Click for cost model
$137k–$191k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $243,949 – $271,054/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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P F Chang's China Bistro #9845 is a mixed-beverage licensed establishment at 2949 AMADOR DR, Fort Worth, Texas (TABC MB200076766). Over the most recent 12 months it reported $243,949 in gross alcohol sales, averaging $20,329/month with a best month of $24,869. Sales mix: ~62% liquor · 15% beer · 23% wine. The building at this address is owned by GL ATC NO. 3, LTD (6,631 sqft, $2,892,483 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $54,645 (~22% margin). Acquisition value is estimated at $137k–$191k 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
$243,949
Avg monthly
$20,329
Best month
$24,869
May 2026
Sales mix
62% Liq
15% Beer · 23% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID42847786
Property owner (landlord)GL ATC NO. 3, LTD
Total building SF6,631
Assessed value$2,892,483

P F Chang's China Bistro #9845's share

Est. base rent ~$6/sqft/yr · 2,500 sqft · Class A $1,198/mo
NNN CAM / insurance$180/mo
NNN property tax$2,181/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $3,659/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 $243,949 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$243,949
COGS (24%)−$58,548
Labor (14%)−$34,153
Occupancy−$39,520
TX MB gross tax (6.7%)−$16,345
Utilities / ins / mktg (8%)−$19,516
Card surcharge net+$2,683
Net profit $78,552
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$243,949
COGS (27%)−$65,866
Labor (17%)−$41,471
Occupancy−$43,911
TX MB gross tax (6.7%)−$16,345
Utilities / ins / mktg (10%)−$24,395
Card surcharge net+$2,683
Net profit $54,645
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$243,949
COGS (30%)−$73,185
Labor (22%)−$53,669
Occupancy−$48,302
TX MB gross tax (6.7%)−$16,345
Utilities / ins / mktg (12%)−$29,274
Card surcharge net+$2,683
Net profit $25,859
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 P.F.C.C.B. Texas INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $54,645/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 (~$54,645 net) estimated

Revenue multiple
$122k–$195k
0.5–0.8× gross
SDE multiple
$137k–$191k
2.5–3.5× earnings
Cap rate
$166k–$219k
25–33%
Suggested range
$137k–$191k
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

2 cases on file · public records

2 federal cases
As defendant in 1 case
Most recent filing
Qasim v. P.F. Chang's China Bistro, Inc.
TXSD · 2022-08-25 · CLOSED
Public records, last checked 2026-05-22