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MB829464
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The Stoneleigh Hotel

2927 MAPLE AVE, Dallas, TX 75201 · TABC MB829464

Mixed Beverage Dallas Market Enriched 2026-07-12
$586,860 Annual gross (L12M) ▲ 56.5% latest MoM Click for monthly detail
$48,905 Avg monthly ▲ 148.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $131,457/yr est. net Click for cost model
$329k–$460k 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $652,067 – $838,371/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 Stoneleigh Hotel is a mixed-beverage licensed establishment at 2927 MAPLE AVE, Dallas, Texas (TABC MB829464). Over the most recent 12 months it reported $586,860 in gross alcohol sales, averaging $48,905/month with a best month of $121,481. Sales mix: ~63% liquor · 22% beer · 15% wine. The building at this address is owned by GPIF 2401 CS LLC (224,066 sqft, $48,000,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $131,457 (~22% margin). Acquisition value is estimated at $329k–$460k 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
$586,860
Avg monthly
$48,905
Best month
$121,481
May 2026
Sales mix
63% Liq
22% Beer · 15% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID000944000501A0000
Property owner (landlord)GPIF 2401 CS LLC
Total building SF224,066
Assessed value$48,000,000

The Stoneleigh Hotel's share

Est. base rent ~$15/sqft/yr · 3,500 sqft · Class A $4,351/mo
NNN CAM / insurance$653/mo
NNN property tax$1,500/mo
Personal property tax own fixtures · Prop 99151027330000000 $2,300/mo
Total occupancy $8,803/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 $586,860 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$586,860
COGS (24%)−$140,846
Labor (14%)−$82,160
Occupancy−$95,071
TX MB gross tax (6.7%)−$39,320
Utilities / ins / mktg (8%)−$46,949
Card surcharge net+$6,455
Net profit $188,969
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$586,860
COGS (27%)−$158,452
Labor (17%)−$99,766
Occupancy−$105,635
TX MB gross tax (6.7%)−$39,320
Utilities / ins / mktg (10%)−$58,686
Card surcharge net+$6,455
Net profit $131,457
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$586,860
COGS (30%)−$176,058
Labor (22%)−$129,109
Occupancy−$116,198
TX MB gross tax (6.7%)−$39,320
Utilities / ins / mktg (12%)−$70,423
Card surcharge net+$6,455
Net profit $62,207
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 Merrit Hospitality LLC looking up officers…
5
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $131,457/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 (~$131,457 net) estimated

Revenue multiple
$293k–$469k
0.5–0.8× gross
SDE multiple
$329k–$460k
2.5–3.5× earnings
Cap rate
$398k–$526k
25–33%
Suggested range
$329k–$460k
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

20 cases on file · 6 currently open · public records

20 federal cases
6 currently open
3 wage-and-hour
3 ADA
16 civil rights
As defendant in 20 cases
Most recent filing
Goodman v. Merritt Hospitality, LLC
NYSD · 2026-08-19 · OPEN
Public records, last checked 2026-10-02