← THE RUSTIC MB909089
Since 2015

The Rustic

3656 HOWELL ST, Dallas, TX 75204 · Dallas County
Latest receipts
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Trailing 12
$2.50M
…
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All-time peak
$765K
May 2014
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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 Dallas
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In ZIP 75204
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In Dallas County
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Statewide
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2025
License issued
May 2025
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: The Rustic
City: Dallas, TX · Dallas County
Address: 3656 Howell St, TX 75204
TABC permit number: MB909089
Owner / operator: Free Range Concepts Liquor, LLC
Trailing 12-month mixed beverage receipts: $2,495,352
Latest health inspection score: 91 (Jun 07, 2023) · Dallas inspection
Estimated business value: $1,077,751 (midpoint, EBITDA-multiple model)
Source: BoozeReports.com — Texas bar & alcohol-permit intelligence platform.
The Rustic shows a dip in monthly receipts versus its yearly average

In its latest reporting month, The Rustic recorded $146,726 in sales, which is about 29% lower than its 12‑month average of $206,715. This performance sits modestly below the earnings typical of comparable Dallas‑area bars, which often maintain steadier monthly revenues.

What is this bar worth?

Back-of-envelope · Pro only
Low (-5% margin)
$369K
2.25× EBITDA
Mid (14% margin)Likely
$1.1M
3.0× EBITDA
High (32% margin)
$2.9M
3.75× EBITDA
Pro · valuation
Acquisition-grade estimate.
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Based on trailing-12-month gross of $2,495,352, 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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Sales history · monthly gross receipts

Monthly filings · last 12

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Month Total Liquor Beer Wine MoM
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About this establishment

THE RUSTIC is a Mixed Beverage located in DALLAS, Texas. In August 2026, it reported $146,726 in total mixed beverage sales. Its average monthly sales over the last 12 months were $207,946. Its highest-grossing month in that period was October 2025 with $316,914 in sales. Sales have decreased by 32% compared to earlier in the period. Its sales mix is approximately 66% liquor, 25% beer, and 8% wine. The establishment currently holds an Active TABC license. Its BoozeReports audit risk score is rated medium based on some irregular sales patterns or minor compliance issues.

ZIP 75204 performance

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Location

3656 HOWELL ST
DALLAS, TX 75204
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License

Permit typeMixed Beverage
NumberMB909089
Status ● Active
First filing2013-08-31
Renewed2025-05-20
In business since 2015
Expires2027-05-27
Footprint 8,058 sf · free-standing building
Health score 91 · Dallas inspection · Jun 07, 2023 →
Sales tax filingCurrent
Entity registeredActive
Franchise tax Above threshold — franchise tax expected
Officers Anthony Noonan Member
Joshua Sepkowitz Member
Sibling entities
10 other venues share an officer
Bowl & Barrel · Dallas
via Joshua Sepkowitz (Governing)
The Rustic · Houston
via Joshua Sepkowitz (Director)
Bowl And Barrel Houston · Houston
via Joshua Sepkowitz (Director)
Joe Leo Tex Mex · Dallas
via Joshua Sepkowitz (Manager)
Mutts Canine Cantina · Fort Worth
via Joshua Sepkowitz (Director)
Mutts Canine Cantina · Dallas
via Joshua Sepkowitz (Member)
Free Range Hcc Llc · Houston
via Kyle Noonan (Manager)
Bowl & Barrel Liquor, Llc · San Antonio
via Joshua Sepkowitz (Director)
The Rustic · San Antonio
via Kyle Noonan (Manager)
Joe Leo Tex Mex · Dallas
via Joshua Sepkowitz (Manager)
Inferred from shared officer / manager filings — not a confirmed parent relationship.

Audit risk

M
MEDIUM
1 factor flagged
  • Sales-tax vs gross-receipts gap on 2/12 recent months (monitoring — below flag threshold)
Sales-tax cross-check
Sales-tax filings $2,310,177 vs gross $2,495,352 over 12 overlapping months — gap of 7.4% (expected ~0%).
2/12 months below 85% ratio.
View methodology →

Texas state & county records

Public records
No state or county cases — and no tax liens on record
Public records, last checked 2026-10-01 03:20

Federal court history

Public records
Lookup pending — check back tomorrow
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Peer comparison

Dallas
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Location · THE RUSTIC

3656 HOWELL ST, DALLAS, TX 75204

Heatmap · ZIP 75204

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

ZIP 75204 rankings

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