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Financials

N 945683
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Pie Tap Pizza Workshop + Bar

2708 N HENDERSON AVE, Dallas, TX 75206 · TABC N 945683

Mixed Beverage Dallas Market Enriched 2026-07-10
$537,599 Annual gross (L12M) ▲ 10.6% latest MoM Click for monthly detail
$44,800 Avg monthly ▲ 17.3% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $120,422/yr est. net Click for cost model
$301k–$421k 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 Pizza Restaurant, liquor is typically only 10–25% of total business revenue. Pizza-forward; liquor a side program. Total revenue 4–10× this number. Estimated total revenue (rough): $2,150,396 – $5,375,990/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Pie Tap Pizza Workshop + Bar is a mixed-beverage licensed establishment at 2708 N HENDERSON AVE, Dallas, Texas (TABC N 945683). Over the most recent 12 months it reported $537,599 in gross alcohol sales, averaging $44,800/month with a best month of $54,586. Sales mix: ~47% liquor · 19% beer · 33% wine. The building at this address is owned by DALLAS CITY OF $5,083,920 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $120,422 (~22% margin). Acquisition value is estimated at $301k–$421k 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
$537,599
Avg monthly
$44,800
Best month
$54,586
Mar 2026
Sales mix
47% Liq
19% Beer · 33% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000192577000000
Property owner (landlord)DALLAS CITY OF
Assessed value$5,083,920

Pie Tap Pizza Workshop + Bar's share

Est. base rent ~$17/sqft/yr · 3,500 sqft · Class A $4,923/mo
NNN CAM / insurance$739/mo
NNN property tax$1,750/mo
Personal property tax own fixtures · Prop 99170112300000000 $652/mo
Total occupancy $8,064/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 $537,599 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$537,599
COGS (24%)−$129,024
Labor (14%)−$75,264
Occupancy−$87,091
TX MB gross tax (6.7%)−$36,019
Utilities / ins / mktg (8%)−$43,008
Card surcharge net+$5,914
Net profit $173,107
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$537,599
COGS (27%)−$145,152
Labor (17%)−$91,392
Occupancy−$96,768
TX MB gross tax (6.7%)−$36,019
Utilities / ins / mktg (10%)−$53,760
Card surcharge net+$5,914
Net profit $120,422
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$537,599
COGS (30%)−$161,280
Labor (22%)−$118,272
Occupancy−$106,445
TX MB gross tax (6.7%)−$36,019
Utilities / ins / mktg (12%)−$64,512
Card surcharge net+$5,914
Net profit $56,985
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 Beaker Social Club INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $120,422/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 (~$120,422 net) estimated

Revenue multiple
$269k–$430k
0.5–0.8× gross
SDE multiple
$301k–$421k
2.5–3.5× earnings
Cap rate
$365k–$482k
25–33%
Suggested range
$301k–$421k
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 · Pizza Restaurant

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

We estimate this pizza restaurant pulls $2,150,396–$5,375,990/yr in total revenue (your liquor portion of $537,599 is roughly 10–25% 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
$2,150k–$5,376k
food + liquor + service
Estimated net (10–15%)
$215k–$806k
restaurant margin
Full-business value
$591k–$2,957k
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 2026-07-07

No federal lawsuits — past or pending