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Financials

MB935569
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Pete's Basement Bar

109 W EXCHANGE AVE STE A, Fort Worth, TX 76164 · TABC MB935569

Mixed Beverage Fort Worth Market Enriched 2026-05-24
$2,580,600 Annual gross (L12M) — 0.0% latest MoM Click for monthly detail
$215,050 Avg monthly — 0.0% latest vs avg Click for monthly detail
~30% Est. net margin (likely) $784,900/yr est. net Click for cost model
$1,962k–$2,581k Est. acquisition range 0.88× 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 Music Venue, liquor is typically only 60–85% of total business revenue. Bar + ticket revenue. Estimated total revenue (rough): $3,036,000 – $4,301,000/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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Pete's Basement Bar is a mixed-beverage licensed establishment at 109 W EXCHANGE AVE STE A, Fort Worth, Texas (TABC MB935569). Over the most recent 12 months it reported $2,580,600 in gross alcohol sales, averaging $215,050/month with a best month of $215,050. The building at this address is owned by RESIDUARY TRUST U/W OF KAYE G (7,500 sqft, $1,677,750 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $784,900 (~30% margin). Acquisition value is estimated at $1,962k–$2,581k 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
$2,580,600
Avg monthly
$215,050
Best month
$215,050
Feb 2026
Sales mix
—

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00892998
Property owner (landlord)RESIDUARY TRUST U/W OF KAYE G
Total building SF whole parcel — Pete's Basement Bar is in STE A7,500
Pete's Basement Bar's footprint estimated — suite-level not on file 7,500 sf
Assessed value$1,677,750

Pete's Basement Bar's share

Est. base rent ~$27/sqft/yr · 7,500 sqft · Class A $16,777/mo
NNN CAM / insurance$2,517/mo
NNN property tax$1,678/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $21,472/mo

Occupancy analysis

All-in occupancy cost is 10.0% 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 $2,580,600 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$2,580,600
COGS (24%)−$619,344
Labor (14%)−$361,284
Occupancy−$231,896
TX MB gross tax (6.7%)−$172,900
Utilities / ins / mktg (8%)−$206,448
Card surcharge net+$28,387
Net profit $1,017,114
Most Likely
Typical bar, light food program, full two-shift staffing
~30%
Revenue$2,580,600
COGS (27%)−$696,762
Labor (17%)−$438,702
Occupancy−$257,662
TX MB gross tax (6.7%)−$172,900
Utilities / ins / mktg (10%)−$258,060
Card surcharge net+$28,387
Net profit $784,900
Stressed
Heavy food, larger crew, higher rent
~19%
Revenue$2,580,600
COGS (30%)−$774,180
Labor (22%)−$567,732
Occupancy−$283,429
TX MB gross tax (6.7%)−$172,900
Utilities / ins / mktg (12%)−$309,672
Card surcharge net+$28,387
Net profit $501,074
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 Johnny's Beer Garden LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $784,900/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 (~$784,900 net) estimated

Revenue multiple
$1.29M–$2.06M
0.5–0.8× gross
SDE multiple
$1.96M–$2.75M
2.5–3.5× earnings
Cap rate
$2.38M–$3.14M
25–33%
Suggested range
$1,962k–$2,581k
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 2026-06-01

Lookup pending — check back tomorrow

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