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Financials

MB200078052
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The Red Feather

2617 SENTINEL WAY STE 400, Melissa, TX 75454 · TABC MB200078052

Mixed Beverage Melissa Market Enriched 2026-08-31
$389,811 Annual gross (L12M) ▼ 11.2% latest MoM Click for monthly detail
$32,484 Avg monthly ▼ 14.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $109,364/yr est. net Click for cost model
$273k–$383k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $389,811 – $433,123/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

The Red Feather is a mixed-beverage licensed establishment at 2617 SENTINEL WAY STE 400, Melissa, Texas (TABC MB200078052). Over the most recent 12 months it reported $389,811 in gross alcohol sales, averaging $32,484/month with a best month of $36,239. Sales mix: ~42% liquor · 12% beer · 46% wine. The building at this address is owned by BALLOUT 3 LLC & BALLOUT 7 LLC & MELISSA VILLAGE LLC (32,077 sqft, $0 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $109,364 (~28% margin). Acquisition value is estimated at $273k–$383k 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
$389,811
Avg monthly
$32,484
Best month
$36,239
Sep 2025
Sales mix
42% Liq
12% Beer · 46% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2997638
Property owner (landlord)BALLOUT 3 LLC & BALLOUT 7 LLC & MELISSA VILLAGE LLC
Total building SF whole parcel — The Red Feather is in STE 40032,077
The Red Feather's footprint estimated — suite-level not on file 2,500 sf
Assessed value$0

The Red Feather's share

Est. base rent ~$16/sqft/yr · 2,500 sqft $3,411/mo
NNN CAM / insurance$512/mo
NNN property tax$0/mo
Personal property tax est — no BPP record $88/mo
Total occupancy $4,010/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 $389,811 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$389,811
COGS (24%)−$93,555
Labor (14%)−$54,574
Occupancy−$43,308
TX MB gross tax (6.7%)−$26,117
Utilities / ins / mktg (8%)−$31,185
Card surcharge net+$4,288
Net profit $145,361
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$389,811
COGS (27%)−$105,249
Labor (17%)−$66,268
Occupancy−$48,120
TX MB gross tax (6.7%)−$26,117
Utilities / ins / mktg (10%)−$38,981
Card surcharge net+$4,288
Net profit $109,364
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$389,811
COGS (30%)−$116,943
Labor (22%)−$85,758
Occupancy−$52,932
TX MB gross tax (6.7%)−$26,117
Utilities / ins / mktg (12%)−$46,777
Card surcharge net+$4,288
Net profit $65,571
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 Mv Winery Partners LLC looking up officers…
6
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $109,364/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 (~$109,364 net) estimated

Revenue multiple
$195k–$312k
0.5–0.8× gross
SDE multiple
$273k–$383k
2.5–3.5× earnings
Cap rate
$331k–$437k
25–33%
Suggested range
$273k–$383k
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 2026-06-17

Lookup pending — check back tomorrow

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