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Financials

MB427586
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The Old Monk

2847 N HENDERSON AVE, Dallas, TX 75206 · TABC MB427586

Mixed Beverage Dallas Market Enriched 2026-05-24
$3,646,896 Annual gross (L12M) ▼ 15.5% latest MoM Click for monthly detail
$303,908 Avg monthly ▼ 6.4% latest vs avg Click for monthly detail
~32% Est. net margin (likely) $1,183,720/yr est. net Click for cost model
$2,959k–$3,647k Est. acquisition range 0.91× 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 Pub, liquor is typically only 60–80% of total business revenue. Liquor majority with food. Estimated total revenue (rough): $4,558,620 – $6,078,160/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 Old Monk is a mixed-beverage licensed establishment at 2847 N HENDERSON AVE, Dallas, Texas (TABC MB427586). Over the most recent 12 months it reported $3,646,896 in gross alcohol sales, averaging $303,908/month with a best month of $338,964. Sales mix: ~60% liquor · 35% beer · 5% wine. The building at this address is owned by EASTBRIDGE APARTMENTS PO LTD PS (106,192 sqft, $24,866,420 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,183,720 (~32% margin). Acquisition value is estimated at $2,959k–$3,647k 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
$3,646,896
Avg monthly
$303,908
Best month
$338,964
May 2025
Sales mix
60% Liq
35% Beer · 5% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID001973000504A0000
Property owner (landlord)EASTBRIDGE APARTMENTS PO LTD PS
Total building SF106,192
Assessed value$24,866,420

The Old Monk's share

Est. base rent ~$28/sqft/yr · 7,500 sqft · Class A $17,562/mo
NNN CAM / insurance$2,634/mo
NNN property tax$3,512/mo
Personal property tax own fixtures · Prop 99181030220000000 $426/mo
Total occupancy $24,135/mo

Occupancy analysis

All-in occupancy cost is 7.9% 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 $3,646,896 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~41%
Revenue$3,646,896
COGS (24%)−$875,255
Labor (14%)−$510,565
Occupancy−$260,663
TX MB gross tax (6.7%)−$244,342
Utilities / ins / mktg (8%)−$291,752
Card surcharge net+$40,116
Net profit $1,504,434
Most Likely
Typical bar, light food program, full two-shift staffing
~32%
Revenue$3,646,896
COGS (27%)−$984,662
Labor (17%)−$619,972
Occupancy−$289,626
TX MB gross tax (6.7%)−$244,342
Utilities / ins / mktg (10%)−$364,690
Card surcharge net+$40,116
Net profit $1,183,720
Stressed
Heavy food, larger crew, higher rent
~22%
Revenue$3,646,896
COGS (30%)−$1,094,069
Labor (22%)−$802,317
Occupancy−$318,589
TX MB gross tax (6.7%)−$244,342
Utilities / ins / mktg (12%)−$437,628
Card surcharge net+$40,116
Net profit $790,068
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 New El Nino INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,183,720/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 (~$1,183,720 net) estimated

Revenue multiple
$1.82M–$2.92M
0.5–0.8× gross
SDE multiple
$2.96M–$4.14M
2.5–3.5× earnings
Cap rate
$3.59M–$4.73M
25–33%
Suggested range
$2,959k–$3,647k
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 2026-05-26

Lookup pending — check back tomorrow

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