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MB234815
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Willhoite's Restaurant

432 S MAIN ST, Grapevine, TX 76051 · TABC MB234815

Mixed Beverage Grapevine Market Enriched 2026-05-19
$1,663,084 Annual gross (L12M) ▼ 5.4% latest MoM Click for monthly detail
$138,590 Avg monthly ▼ 7.3% latest vs avg Click for monthly detail
~32% Est. net margin (likely) $536,595/yr est. net Click for cost model
$1,341k–$1,663k Est. acquisition range 0.90× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $3,695,742 – $6,652,336/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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Willhoite's Restaurant is a mixed-beverage licensed establishment at 432 S MAIN ST, Grapevine, Texas (TABC MB234815). Over the most recent 12 months it reported $1,663,084 in gross alcohol sales, averaging $138,590/month with a best month of $219,415. Sales mix: ~53% liquor · 45% beer · 2% wine. The building at this address is owned by PARKER, PHIL (8,700 sqft, $1,681,347 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $536,595 (~32% margin). Acquisition value is estimated at $1,341k–$1,663k 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
$1,663,084
Avg monthly
$138,590
Best month
$219,415
Dec 2025
Sales mix
53% Liq
45% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID01089919
Property owner (landlord)PARKER, PHIL
Total building SF8,700
Assessed value$1,681,347

Willhoite's Restaurant's share

Est. base rent ~$19/sqft/yr · 5,000 sqft · Class B $8,052/mo
NNN CAM / insurance$1,208/mo
NNN property tax$1,681/mo
Personal property tax est — no BPP record $333/mo
Total occupancy $11,274/mo

Occupancy analysis

All-in occupancy cost is 8.1% 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 $1,663,084 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~41%
Revenue$1,663,084
COGS (24%)−$399,140
Labor (14%)−$232,832
Occupancy−$121,762
TX MB gross tax (6.7%)−$111,427
Utilities / ins / mktg (8%)−$133,047
Card surcharge net+$18,294
Net profit $683,171
Most Likely
Typical bar, light food program, full two-shift staffing
~32%
Revenue$1,663,084
COGS (27%)−$449,033
Labor (17%)−$282,724
Occupancy−$135,291
TX MB gross tax (6.7%)−$111,427
Utilities / ins / mktg (10%)−$166,308
Card surcharge net+$18,294
Net profit $536,595
Stressed
Heavy food, larger crew, higher rent
~21%
Revenue$1,663,084
COGS (30%)−$498,925
Labor (22%)−$365,878
Occupancy−$148,820
TX MB gross tax (6.7%)−$111,427
Utilities / ins / mktg (12%)−$199,570
Card surcharge net+$18,294
Net profit $356,757
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 Prp Food Service INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $536,595/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 (~$536,595 net) estimated

Revenue multiple
$832k–$1.33M
0.5–0.8× gross
SDE multiple
$1.34M–$1.88M
2.5–3.5× earnings
Cap rate
$1.63M–$2.15M
25–33%
Suggested range
$1,341k–$1,663k
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.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $3,695,742–$6,652,336/yr in total revenue (your liquor portion of $1,663,084 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$3,696k–$6,652k
food + liquor + service
Estimated net (10–15%)
$370k–$998k
restaurant margin
Full-business value
$1,016k–$3,659k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-06-04

Lookup pending — check back tomorrow

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