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32404741
32404765

23227 Mercantile Pkwy, Katy, TX 77449 For Sale

REALM Real Estate Professionals
Listed by REALM Real Estate Professionals
$350,000
71 days on market
Updated 71 days ago

Tastea Katy

Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 1,812
Price per SqFt $193
Class A
Zoning commercial, residential
Ground Lease No
Ownership 100
Sale Condition For sale by owner

Prime End-Cap at I-10 / Grand Parkway 99 ยท Established Tastea Franchise ยท Turnkey

Marketing description

Rare opportunity to acquire an established, top-rated Tastea boba and tea franchise in the heart of Katy, Texas one of Houston's fastest-growing and most affluent suburbs.

This turnkey location has built a loyal customer base and earned a 4.8-star Google rating across 200+ reviews under the Tastea brand.

The shop occupies a premium end-cap suite with full glass frontage at Katy's premier retail node (I-10 / Grand Parkway 99), surrounded by Cinemark, Academy Sports, Katy Grand, and UKaty. The 1,812 SF space features a modern, brand-current build-out with self-order kiosks, full beverage assembly bar, walk-in cooler, prep kitchen, and Toast POS all included free and clear of any installed debt.

Clean asset sale.

Landlord pre-approved for lease assignment.

Seller financing available to support an SBA 7(a) acquisition. With less than one year of operating history and clear growth levers in delivery, catering, and loyalty, this is a turnkey opportunity for an owner-operator or restaurant group looking to acquire a stabilized location with meaningful upside.

Confidentiality Agreement required prior to release of detailed financials.

Investment highlights

VIDEO TOUR

๐Ÿ’ฐ The VALUE

  • $474K annualized revenue only 10 months in operation
  • $141K Seller's Discretionary Earnings (29.9% margin)
  • 80%+ gross profit margin on beverages
  • $13 average ticket with strong repeat customer base

๐Ÿ† Proof It Works

  • 4.8โ˜… Google rating with 207+ verified reviews
  • Tastea franchise โ€” established Asian-American beverage brand
  • Active loyalty program with documented repeat customers
  • 2,500+ monthly transactions across 5 sales channels

๐Ÿ”‘ Why It's Turnkey

  • Equipment & $350K build-out are 100% debt-free : buyer assumes no liabilities
  • Modern, brand-current build-out: no capital improvements needed
  • Toast POS, walk-in cooler, full prep kitchen all in place
  • Self-order kiosks installed labor-saving from day one

๐Ÿ“ Location, Location, Location

  • Prime end-cap suite with full glass frontage and pylon signage
  • At I-10 & Grand Parkway 99 โ€” Katy's #1 retail intersection
  • Steps from Cinemark, Academy Sports, Katy Grand, UKaty (proven Asian retail destination)
  • Captive customer base in the same complex (Grand West Condos)
  • Katy, TX โ€” one of Houston's fastest-growing affluent suburbs

๐Ÿ’ต Buyer-Friendly Deal

  • $350,000 asking โ€” defended by SDE, EBITDA, and asset-based valuations
  • Seller financing available โ€” $50K note, 24-month standby
  • SBA 7(a) eligible with only 10% buyer down ($47,500)
  • Landlord pre-approved for lease assignment
  • 30-60 days seller training included
  • Lease through 2029 + extension option: long-term security

๐Ÿ“ˆ Growth Upside

  • Only 10 months old typical QSR maturation adds 20-35% in Year 2
  • 3rd-party delivery only 7% of sales clear digital growth lever
  • Catering channel untapped Katy office parks within 1 mile
  • Late-night daypart under-developed boba's strongest demographic
  • 5 quantified growth levers support $600K Year 1 case

Listing Contacts

REALM Real Estate Professionals
Listed by REALM Real Estate Professionals

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