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RM1123987
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Steve Fields Steakhouse

4900 W PARK BLVD, Plano, TX 75093 · TABC RM1123987

Mixed Beverage Plano Market Enriched 2026-07-09
$885,130 Annual gross (L12M) ▲ 30.6% latest MoM Click for monthly detail
$73,761 Avg monthly ▲ 4.5% latest vs avg Click for monthly detail
~19% Est. net margin (likely) $170,220/yr est. net Click for cost model
$443k–$596k Est. acquisition range 0.59× 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $2,212,825 – $3,540,520/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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Steve Fields Steakhouse is a mixed-beverage licensed establishment at 4900 W PARK BLVD, Plano, Texas (TABC RM1123987). Over the most recent 12 months it reported $885,130 in gross alcohol sales, averaging $73,761/month with a best month of $113,520. Sales mix: ~43% liquor · 2% beer · 55% wine. The building at this address is owned by BRE THRONE PRESTON PARK LLC C/O RYAN LLC TAX COMPLIANCE (245,542 sqft, $76,332,648 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $170,220 (~19% margin). Acquisition value is estimated at $443k–$596k 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
$885,130
Avg monthly
$73,761
Best month
$113,520
Dec 2025
Sales mix
43% Liq
2% Beer · 55% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID2506342
Property owner (landlord)BRE THRONE PRESTON PARK LLC C/O RYAN LLC TAX COMPLIANCE
Total building SF245,542
Assessed value$76,332,648

Steve Fields Steakhouse's share

Est. base rent ~$40/sqft/yr · 3,500 sqft · Class A $11,787/mo
NNN CAM / insurance$1,768/mo
NNN property tax$1,904/mo
Personal property tax est — no BPP record $155/mo
Total occupancy $15,614/mo

Occupancy analysis

All-in occupancy cost is 21.2% 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 $885,130 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~29%
Revenue$885,130
COGS (24%)−$212,431
Labor (14%)−$123,918
Occupancy−$168,636
TX MB gross tax (6.7%)−$59,304
Utilities / ins / mktg (8%)−$70,810
Card surcharge net+$9,736
Net profit $259,767
Most Likely
Typical bar, light food program, full two-shift staffing
~19%
Revenue$885,130
COGS (27%)−$238,985
Labor (17%)−$150,472
Occupancy−$187,373
TX MB gross tax (6.7%)−$59,304
Utilities / ins / mktg (10%)−$88,513
Card surcharge net+$9,736
Net profit $170,220
Stressed
Heavy food, larger crew, higher rent
~7%
Revenue$885,130
COGS (30%)−$265,539
Labor (22%)−$194,729
Occupancy−$206,110
TX MB gross tax (6.7%)−$59,304
Utilities / ins / mktg (12%)−$106,216
Card surcharge net+$9,736
Net profit $62,969
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 Steve Fields Restaurant Group LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $170,220/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 (~$170,220 net) estimated

Revenue multiple
$443k–$708k
0.5–0.8× gross
SDE multiple
$426k–$596k
2.5–3.5× earnings
Cap rate
$516k–$681k
25–33%
Suggested range
$443k–$596k
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 · Steakhouse

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

We estimate this steakhouse pulls $2,212,825–$3,540,520/yr in total revenue (your liquor portion of $885,130 is roughly 25–40% 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
$2,213k–$3,541k
food + liquor + service
Estimated net (10–15%)
$221k–$531k
restaurant margin
Full-business value
$609k–$1,947k
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 2026-06-26

Lookup pending — check back tomorrow

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