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Financials

MB528814
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Saltgrass Steakhouse #19

4101 LYNDON B JOHNSON FWY, Dallas, TX 75244 · TABC MB528814

Mixed Beverage Dallas Market Enriched 2026-07-10
$408,662 Annual gross (L12M) ▲ 13.7% latest MoM Click for monthly detail
$34,055 Avg monthly ▲ 7.2% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $91,540/yr est. net Click for cost model
$229k–$320k 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 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): $1,021,655 – $1,634,648/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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Saltgrass Steakhouse #19 is a mixed-beverage licensed establishment at 4101 LYNDON B JOHNSON FWY, Dallas, Texas (TABC MB528814). Over the most recent 12 months it reported $408,662 in gross alcohol sales, averaging $34,055/month with a best month of $38,541. Sales mix: ~57% liquor · 22% beer · 20% wine. The building at this address is owned by EAGLE ROCK BLVD LLC (55,472 sqft, $12,450,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $91,540 (~22% margin). Acquisition value is estimated at $229k–$320k 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
$408,662
Avg monthly
$34,055
Best month
$38,541
Feb 2026
Sales mix
57% Liq
22% Beer · 20% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID24108500000010000
Property owner (landlord)EAGLE ROCK BLVD LLC
Total building SF55,472
Assessed value$12,450,000

Saltgrass Steakhouse #19's share

Est. base rent ~$20/sqft/yr · 2,500 sqft · Class A $4,268/mo
NNN CAM / insurance$640/mo
NNN property tax$1,122/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $6,130/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 $408,662 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$408,662
COGS (24%)−$98,079
Labor (14%)−$57,213
Occupancy−$66,203
TX MB gross tax (6.7%)−$27,380
Utilities / ins / mktg (8%)−$32,693
Card surcharge net+$4,495
Net profit $131,589
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$408,662
COGS (27%)−$110,339
Labor (17%)−$69,473
Occupancy−$73,559
TX MB gross tax (6.7%)−$27,380
Utilities / ins / mktg (10%)−$40,866
Card surcharge net+$4,495
Net profit $91,540
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$408,662
COGS (30%)−$122,599
Labor (22%)−$89,906
Occupancy−$80,915
TX MB gross tax (6.7%)−$27,380
Utilities / ins / mktg (12%)−$49,039
Card surcharge net+$4,495
Net profit $43,318
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 Saltgrass INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $91,540/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 (~$91,540 net) estimated

Revenue multiple
$204k–$327k
0.5–0.8× gross
SDE multiple
$229k–$320k
2.5–3.5× earnings
Cap rate
$277k–$366k
25–33%
Suggested range
$229k–$320k
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 $1,021,655–$1,634,648/yr in total revenue (your liquor portion of $408,662 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
$1,022k–$1,635k
food + liquor + service
Estimated net (10–15%)
$102k–$245k
restaurant margin
Full-business value
$281k–$899k
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 2026-05-22

Lookup pending — check back tomorrow

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