Expired - Original Required BLUE · Bar Since 2011

Ipic Theaters

321 TOWN PL, Fairview, TX 75069 · Collin County
Latest receipts
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Trailing 12
$847K
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All-time peak
$167K
Dec 2015
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Liquor split
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Per open day
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est. 30 days
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How they stack up

In Fairview
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In ZIP 75069
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In Collin County
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Statewide
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2019
License issued
Oct 2019
Source: BoozeReports.com provides Texas bar, restaurant, and alcohol permit intelligence — including mixed beverage sales, license details, compliance signals, violations, ownership, and estimated business value.
Plain-text summary (for AI / quick reference)
Business name: Ipic Theaters
City: Fairview, TX · Collin County
Address: 321 Town Pl, TX 75069
TABC permit number: RM783808
Permit type: BAR (Bar)
Owner / operator: Ipic Texas, LLC
Trailing 12-month mixed beverage receipts: $846,536
Estimated business value: $415,178 (midpoint, EBITDA-multiple model)
Source: BoozeReports.com — Texas bar & alcohol-permit intelligence platform.
Ipic Theaters reported $0 in March 2020.

Trailing-12 receipts: $847K (0.0% YoY, 0.0% MoM). Clean compliance record. Located in Fairview. Audit risk flagged as HIGH — see compliance below.

What is this bar worth?

Back-of-envelope · Pro only
Low (-5% margin)
$175K
2.25× EBITDA
Mid (14% margin)Likely
$415K
3.0× EBITDA
High (32% margin)
$1.0M
3.75× EBITDA
Pro · valuation
Acquisition-grade estimate.
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Based on trailing-12-month gross of $846,536, applying contribution margins of -5–32% and EBITDA multiples of 2.25–3.75×. Confidence: low. Not a formal appraisal — anchor for diligence conversations.

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Active filings under a newer permit

TABC has been receiving sales filings for this location under a different permit number (most recent: Sep 2026). The legacy permit on this page stopped filing — full history lives on the active permit's page.

View active permit · RM1084067 →

Sales history · monthly gross receipts

Monthly filings · last 12

Download JSON ↓
Month Total Liquor Beer Wine MoM
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About this establishment

IPIC THEATERS is a Restaurant Mixed Beverage located in FAIRVIEW, Texas. Its average monthly sales over the last 10 months were $84,654. Its highest-grossing month in that period was December 2019 with $103,638 in sales. Sales have increased by 12% compared to earlier in the period. Its sales mix is approximately 56% liquor, 14% beer, and 30% wine. The establishment currently holds an Expired - Original Required TABC license. Its BoozeReports audit risk score is rated high based on cash law violations, delinquent history, or irregular sales reporting patterns.

ZIP 75069 performance

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Location

321 TOWN PL
FAIRVIEW, TX 75069
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License

Permit typeRestaurant Mixed Beverage
NumberRM783808
Status ● Expired - Original Required
First filing2011-10-31
Renewed2019-10-25
In business since 2011
Expires2021-08-29
Sales tax filingCurrent
Entity registeredNot found
Franchise tax Below No Tax Due threshold
Officers Hamid Hashemi President

Audit risk

H
HIGH
5 factors flagged
  • Inconsistent liquor reporting pattern
  • Inconsistent wine reporting pattern
  • Inconsistent beer reporting pattern
  • 2 months with $0 reported (avg baseline $84,654/mo)
  • Federal bankruptcy filing on file (1)
Sales-tax cross-check
Sales-tax filings $843,130 vs gross $846,536 over 10 overlapping months — filings match (gap 0.4%).
View methodology →

Federal court history

Public records
1 federal case
1 bankruptcy
Most recent filing
iPic Texas, LLC
DEB · 2019-08-05 · CLOSED
Public records, last checked 2026-06-15

Peer comparison

Fairview
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Location · IPIC THEATERS

321 TOWN PL, FAIRVIEW, TX 75069

Heatmap · ZIP 75069

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Comparative gross-receipt heatmap for permits within ~1 mile. Brighter = higher monthly receipts.

ZIP 75069 rankings

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