122 E EXCHANGE AVE STE 340, Ft Worth, TX 76164 · TABC MB1087321
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Second Rodeo Brewing CO is a mixed-beverage licensed establishment at 122 E EXCHANGE AVE STE 340, Ft Worth, Texas (TABC MB1087321). Over the most recent 12 months it reported $8,825,147 in gross alcohol sales, averaging $735,429/month with a best month of $959,487. Sales mix: ~65% liquor · 34% beer · 1% wine. The building at this address is owned by FORT WORTH HERITAGE MB LLC (91,398 sqft, $37,888,538 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $3,055,688 (~35% margin). Acquisition value is estimated at $7,639k–$8,825k 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.
Texas Comptroller mixed-beverage gross receipts actual
County public records + submarket comps
Building (landlord parcel)
Second Rodeo Brewing CO's share
All-in occupancy cost is 5.8% 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.
Texas bar cost model applied to $8,825,147 gross revenue estimated
Split likely net profit across ownership estimated
Based on most-likely scenario (~$3,055,688 net) estimated
Public records · last checked 2026-05-22
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