← Pillar /

Financials

MB200132971
Dashboard › Pillar › Financial Intelligence

Pillar

408 N BISHOP AVE STE 108, Dallas, TX 75208 · TABC MB200132971

Mixed Beverage Dallas Market Enriched 2026-07-12
$502,201 Annual gross (L12M) ▼ 4.8% latest MoM Click for monthly detail
$41,850 Avg monthly ▼ 7.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $112,493/yr est. net Click for cost model
$281k–$394k 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): $528,633 – $590,825/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Pillar My bars

Executive Summary

Click to expand full narrative

Pillar is a mixed-beverage licensed establishment at 408 N BISHOP AVE STE 108, Dallas, Texas (TABC MB200132971). Over the most recent 12 months it reported $502,201 in gross alcohol sales, averaging $41,850/month with a best month of $54,047. Sales mix: ~57% liquor · 3% beer · 40% wine. The building at this address is owned by BISHOP STREET PARTNERS JV (11,331 sqft, $3,200,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $112,493 (~22% margin). Acquisition value is estimated at $281k–$394k 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
$502,201
Avg monthly
$41,850
Best month
$54,047
Aug 2025
Sales mix
57% Liq
3% Beer · 40% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000254731000000
Property owner (landlord)BISHOP STREET PARTNERS JV
Total building SF whole parcel — Pillar is in STE 10811,331
Pillar's footprint estimated — suite-level not on file 3,500 sf
Assessed value$3,200,000

Pillar's share

Est. base rent ~$15/sqft/yr · 3,500 sqft · Class A $4,424/mo
NNN CAM / insurance$664/mo
NNN property tax$1,977/mo
Personal property tax own fixtures · Prop 99080813290000000 $468/mo
Total occupancy $7,533/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 $502,201 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$502,201
COGS (24%)−$120,528
Labor (14%)−$70,308
Occupancy−$81,357
TX MB gross tax (6.7%)−$33,647
Utilities / ins / mktg (8%)−$40,176
Card surcharge net+$5,524
Net profit $161,709
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$502,201
COGS (27%)−$135,594
Labor (17%)−$85,374
Occupancy−$90,396
TX MB gross tax (6.7%)−$33,647
Utilities / ins / mktg (10%)−$50,220
Card surcharge net+$5,524
Net profit $112,493
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$502,201
COGS (30%)−$150,660
Labor (22%)−$110,484
Occupancy−$99,436
TX MB gross tax (6.7%)−$33,647
Utilities / ins / mktg (12%)−$60,264
Card surcharge net+$5,524
Net profit $53,233
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 Slate Victory LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $112,493/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 (~$112,493 net) estimated

Revenue multiple
$251k–$402k
0.5–0.8× gross
SDE multiple
$281k–$394k
2.5–3.5× earnings
Cap rate
$341k–$450k
25–33%
Suggested range
$281k–$394k
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 2026-09-15

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.