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MB200116165
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The Meteor

1970 HI LINE DR, Dallas, TX 75207 · TABC MB200116165

Mixed Beverage Dallas Market Enriched 2026-08-27
$244,954 Annual gross (L12M) ▲ 35.6% latest MoM Click for monthly detail
$20,413 Avg monthly ▲ 1.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $54,870/yr est. net Click for cost model
$137k–$192k 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $349,934 – $489,908/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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The Meteor is a mixed-beverage licensed establishment at 1970 HI LINE DR, Dallas, Texas (TABC MB200116165). Over the most recent 12 months it reported $244,954 in gross alcohol sales, averaging $20,413/month with a best month of $24,721. Sales mix: ~39% liquor · 28% beer · 33% wine. The building at this address is owned by URBY DALLAS FEE OWNER LP (549,565 sqft, $98,921,830 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $54,870 (~22% margin). Acquisition value is estimated at $137k–$192k 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
$244,954
Avg monthly
$20,413
Best month
$24,721
Oct 2025
Sales mix
39% Liq
28% Beer · 33% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID007888003705A9900
Property owner (landlord)URBY DALLAS FEE OWNER LP
Total building SF549,565
Assessed value$98,921,830

The Meteor's share

Est. base rent ~$11/sqft/yr · 2,500 sqft · Class B $2,219/mo
NNN CAM / insurance$333/mo
NNN property tax$900/mo
Personal property tax own fixtures · Prop 99240508520000000 $222/mo
Total occupancy $3,674/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 $244,954 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$244,954
COGS (24%)−$58,789
Labor (14%)−$34,294
Occupancy−$39,683
TX MB gross tax (6.7%)−$16,412
Utilities / ins / mktg (8%)−$19,596
Card surcharge net+$2,694
Net profit $78,875
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$244,954
COGS (27%)−$66,138
Labor (17%)−$41,642
Occupancy−$44,092
TX MB gross tax (6.7%)−$16,412
Utilities / ins / mktg (10%)−$24,495
Card surcharge net+$2,694
Net profit $54,870
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$244,954
COGS (30%)−$73,486
Labor (22%)−$53,890
Occupancy−$48,501
TX MB gross tax (6.7%)−$16,412
Utilities / ins / mktg (12%)−$29,394
Card surcharge net+$2,694
Net profit $25,965
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 The Meteor Dallas LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $54,870/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 (~$54,870 net) estimated

Revenue multiple
$122k–$196k
0.5–0.8× gross
SDE multiple
$137k–$192k
2.5–3.5× earnings
Cap rate
$166k–$219k
25–33%
Suggested range
$137k–$192k
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 2026-06-26

No federal lawsuits — past or pending