23333 Grand Circle Blvd, Suite 150
OFFERED FOR SALE AT $2.75M
This 3,850 SF end-cap space with a spacious covered patio was previously a pizza restaurant and comes fully built-out with furniture, fixtures, equipment, and leasehold rights included.
Located in Katy Grand Square, just off IH-10 and Hwy 99, the site neighbors major attractions like PopStroke, Andretti Karting, and Home Run Dugout, ensuring strong visibility and steady traffic.
Whether you want to relaunch a pizza concept, open a casual dining brand, or bring in a new vision entirely, this low-priced asset sale offers an affordable way to step into one of Katy’s fastest-growing dining hubs.
PHOTO GALLERY
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MARY'S CAFE | 3209 RED RIVER ST, AUSTIN 78705
OPERATIONS
ESTABLISHED: 2014
TYPE: Breakfast & Lunch Restaurant
OWNER: Manager
F/T EMPLOYEES: 4
P/T EMPLOYEES: 0
HOURS
MONDAY - FRIDAY: 7 AM–2:00 PM
SATURDAY - SUNDAY: 9 AM–2:00 PM
CASH FLOW
TTM SALES: $613,385*
EBITDA: $150,573*
2024 SALES: $612,644
EBITDA: $161,899
2023 SALES: $589,977
EBITDA: $156,270
*TTM is July 2024 - June 2025
METRICS (TTM)
FOOD SALES: 86%
ALCOHOL SALES: 14%
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FOOD COSTS: 26%
ALCOHOL COSTS: 26%
LABOR COSTS: 32%
LINKS
FACEBOOK: CLICK HERE
INSTAGRAM: CLICK HERE
YELP: CLICK HERE
WEBSITE: maryscafeatx.com
MENU: CLICK HERE
ASSET LIST: CLICK HERE
VALUATION
TTM EBITDA: $150,000
APPLIED MULTIPLE: 3.25
ESTIMATED VALUE: $487,500
OFFERED AT: $465,000
METHOD
We applied a 3.25× multiple to adjusted EBITDA, reflecting the restaurant’s stability, consistent earnings, controlled costs, and limited risk. The offered price is slightly below calculated market value, providing built-in equity to a buyer.
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23333 Grand Circle Blvd | Houston, Texas
SALE OR LEASE
SALES PRICE: $2.45MM
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RENT: $18,563/MO
BASE LEASE: $42/SF
NNN'S: $15.77/SF
TERM: 5-10 Years
TYPE: New Lease
AREA
COUNTY: Harris
METRO: Houston
REGION: Katy
AREA: Far Katy North
NEARBY: IH10 & HWY 99 Intersection, Andretti Indoor Carting, Pop Stroke, Home Run Dugout, Costco, Hilton
LOCATION
PLAZA: Katy Grand Square
ADDRESS: 23333 Grand Circle Blvd
SUITE: 150
CITY: Katy
ZIP: 77449
CLASS: B
CO-TENANTS: Kinokuniya Bookstore, Kura Sushi, Uncle Tetsu, Wushiland Boba, Sweet Honey Desserts
PROPERTY
TYPE: Quick Service Restaurant
SIZE: 3850 SF
PATIO: Covered
YARD: N/A
BUILT: 2010
LAND: 2.72 Acres
ZONED:
NOTES:
EXTERIOR
-
HIGH VISIBILITY: ✔
-
TWO SIDES FOR SIGNS: ✔
-
PLENTY OF PARKING: ✔
-
MONUMENT SIGNAGE: ✔
FRONT OF HOUSE
-
DINING ROOM: ✔
-
BAR: ✔
-
SERVE PATIO FROM BAR: ✔
-
ADA RESTROOMS: ✔
-
ORDER/PICKUP COUNTER ✔
-
ORNATE CEILING TILE: ✔
BACK OF HOUSE
-
VENT HOOD: ✔
-
GAS LINE: ✔
-
FLOOR DRAIN: ✔
-
WALK-IN COOLER: ✔
-
GREASE TRAP: ✔
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MANAGER OFFICE: ✔