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Financials

MB416096
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Pappasito's Cantina

321 ROAD TO SIX FLAGS ST W, Arlington, TX 76011 · TABC MB416096

Mixed Beverage Arlington Market Enriched 2026-05-19
$1,615,979 Annual gross (L12M) ▲ 3.1% latest MoM Click for monthly detail
$134,665 Avg monthly ▼ 0.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $453,848/yr est. net Click for cost model
$1,135k–$1,588k Est. acquisition range 0.84× 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $1,701,031 – $2,019,974/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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Pappasito's Cantina is a mixed-beverage licensed establishment at 321 ROAD TO SIX FLAGS ST W, Arlington, Texas (TABC MB416096). Over the most recent 12 months it reported $1,615,979 in gross alcohol sales, averaging $134,665/month with a best month of $164,850. Sales mix: ~83% liquor · 15% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $453,848 (~28% margin). Acquisition value is estimated at $1,135k–$1,588k 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
$1,615,979
Avg monthly
$134,665
Best month
$164,850
May 2025
Sales mix
83% Liq
15% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$14,140/mo
NNN CAM / insurance$2,121/mo
Total occupancy$16,584/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $1,615,979 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,615,979
COGS (24%)−$387,835
Labor (14%)−$226,237
Occupancy−$179,107
TX MB gross tax (6.7%)−$108,271
Utilities / ins / mktg (8%)−$129,278
Card surcharge net+$17,776
Net profit $603,027
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,615,979
COGS (27%)−$436,314
Labor (17%)−$274,716
Occupancy−$199,008
TX MB gross tax (6.7%)−$108,271
Utilities / ins / mktg (10%)−$161,598
Card surcharge net+$17,776
Net profit $453,848
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,615,979
COGS (30%)−$484,794
Labor (22%)−$355,515
Occupancy−$218,909
TX MB gross tax (6.7%)−$108,271
Utilities / ins / mktg (12%)−$193,917
Card surcharge net+$17,776
Net profit $272,349
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 Pappas Restaurants INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $453,848/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 (~$453,848 net) estimated

Revenue multiple
$808k–$1.29M
0.5–0.8× gross
SDE multiple
$1.13M–$1.59M
2.5–3.5× earnings
Cap rate
$1.38M–$1.82M
25–33%
Suggested range
$1,135k–$1,588k
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
2 wage-and-hour
2 ADA
6 civil rights
As defendant in 14 cases · As plaintiff in 6
Most recent filing
Dukes v. Pappas Restaurants, Inc.
GAND · 2024-12-19 · CLOSED
Public records, last checked 2026-05-22