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Financials

RM612850
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Saltgrass Steakhouse #14

3000 DALLAS PKWY, Plano, TX 75093 · TABC RM612850

Mixed Beverage Plano Market Enriched 2026-09-06
$412,657 Annual gross (L12M) ▼ 16.1% latest MoM Click for monthly detail
$34,388 Avg monthly ▼ 19.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $115,835/yr est. net Click for cost model
$290k–$405k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $1,031,642 – $1,650,628/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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Saltgrass Steakhouse #14 is a mixed-beverage licensed establishment at 3000 DALLAS PKWY, Plano, Texas (TABC RM612850). Over the most recent 12 months it reported $412,657 in gross alcohol sales, averaging $34,388/month with a best month of $47,845. Sales mix: ~51% liquor · 20% beer · 28% wine. The building at this address is owned by KENSINGER PROPERTIES LTD (8,280 sqft, $0 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $115,835 (~28% margin). Acquisition value is estimated at $290k–$405k 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
$412,657
Avg monthly
$34,388
Best month
$47,845
Dec 2025
Sales mix
51% Liq
20% Beer · 28% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2003461
Property owner (landlord)KENSINGER PROPERTIES LTD
Total building SF8,280
Assessed value$0

Saltgrass Steakhouse #14's share

Est. base rent ~$17/sqft/yr · 2,500 sqft $3,611/mo
NNN CAM / insurance$542/mo
NNN property tax$0/mo
Personal property tax est — no BPP record $88/mo
Total occupancy $4,240/mo

Occupancy analysis

All-in occupancy cost is 12.3% 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 $412,657 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$412,657
COGS (24%)−$99,038
Labor (14%)−$57,772
Occupancy−$45,790
TX MB gross tax (6.7%)−$27,648
Utilities / ins / mktg (8%)−$33,013
Card surcharge net+$4,539
Net profit $153,935
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$412,657
COGS (27%)−$111,417
Labor (17%)−$70,152
Occupancy−$50,878
TX MB gross tax (6.7%)−$27,648
Utilities / ins / mktg (10%)−$41,266
Card surcharge net+$4,539
Net profit $115,835
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$412,657
COGS (30%)−$123,797
Labor (22%)−$90,785
Occupancy−$55,966
TX MB gross tax (6.7%)−$27,648
Utilities / ins / mktg (12%)−$49,519
Card surcharge net+$4,539
Net profit $69,482
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 Saltgrass INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $115,835/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 (~$115,835 net) estimated

Revenue multiple
$206k–$330k
0.5–0.8× gross
SDE multiple
$290k–$405k
2.5–3.5× earnings
Cap rate
$351k–$463k
25–33%
Suggested range
$290k–$405k
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 · Steakhouse

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

We estimate this steakhouse pulls $1,031,642–$1,650,628/yr in total revenue (your liquor portion of $412,657 is roughly 25–40% 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
$1,032k–$1,651k
food + liquor + service
Estimated net (10–15%)
$103k–$248k
restaurant margin
Full-business value
$284k–$908k
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 2026-05-22

Lookup pending — check back tomorrow

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