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Financials

MB728384
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Trees

2709 ELM ST, Dallas, TX 75226 · TABC MB728384

Mixed Beverage Dallas Market Enriched 2026-07-10
$500,386 Annual gross (L12M) ▲ 97.6% latest MoM Click for monthly detail
$41,699 Avg monthly ▲ 63.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $112,086/yr est. net Click for cost model
$280k–$392k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $500,386 – $555,984/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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Trees is a mixed-beverage licensed establishment at 2709 ELM ST, Dallas, Texas (TABC MB728384). Over the most recent 12 months it reported $500,386 in gross alcohol sales, averaging $41,699/month with a best month of $68,004. Sales mix: ~58% liquor · 42% beer · 0% wine. The building at this address is owned by RXR KORMAN DEEP ELLUM OWNER LLC (31,101 sqft, $10,000,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $112,086 (~22% margin). Acquisition value is estimated at $280k–$392k 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
$500,386
Avg monthly
$41,699
Best month
$68,004
May 2026
Sales mix
58% Liq
42% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID00000106390000000
Property owner (landlord)RXR KORMAN DEEP ELLUM OWNER LLC
Total building SF31,101
Assessed value$10,000,000

Trees's share

Est. base rent ~$15/sqft/yr · 3,500 sqft · Class A $4,406/mo
NNN CAM / insurance$661/mo
NNN property tax$2,251/mo
Personal property tax own fixtures · Prop 99100811490000000 $188/mo
Total occupancy $7,506/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 $500,386 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$500,386
COGS (24%)−$120,093
Labor (14%)−$70,054
Occupancy−$81,063
TX MB gross tax (6.7%)−$33,526
Utilities / ins / mktg (8%)−$40,031
Card surcharge net+$5,504
Net profit $161,124
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$500,386
COGS (27%)−$135,104
Labor (17%)−$85,066
Occupancy−$90,069
TX MB gross tax (6.7%)−$33,526
Utilities / ins / mktg (10%)−$50,039
Card surcharge net+$5,504
Net profit $112,086
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$500,386
COGS (30%)−$150,116
Labor (22%)−$110,085
Occupancy−$99,076
TX MB gross tax (6.7%)−$33,526
Utilities / ins / mktg (12%)−$60,046
Card surcharge net+$5,504
Net profit $53,041
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 Tree Fitty Group LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $112,086/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 (~$112,086 net) estimated

Revenue multiple
$250k–$400k
0.5–0.8× gross
SDE multiple
$280k–$392k
2.5–3.5× earnings
Cap rate
$340k–$448k
25–33%
Suggested range
$280k–$392k
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 2026-08-16

Lookup pending — check back tomorrow

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