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Property profile & analytics
OFF-MARKET
Commercial real estate

11299 Us-98 Watersound, FL 32461

1,199 SF
Property ID
Property summary
AI-generated overview

This established and profitable shaved ice and frozen drink franchise is located in a prime Watersound, Florida location within a brand-new shopping center at Inlet Beach, situated between Destin and Panama City Beach. The 1,199 square foot business boasts a proven business model, offering premium gourmet shaved ice and tropical smoothies. The asking price is $200,000, which includes all furniture, fixtures, and equipment (valued at over $90,000), and approximately $5,000 in inventory. The lease extends until May 1, 2033. This turn-key operation employs 38 people and benefits from a recognized brand, robust corporate training and support, and significant potential for growth within the thriving Northwest Florida market. The current owners are relocating and offering the business for less than the cost of establishing a new franchise. The high median income of over $128,000 in Inlet Beach ensures a strong customer base. The seller is willing to provide one week of on-site training, and corporate will provide additional training. This presents a unique opportunity to acquire a successful, established business with immediate revenue generation and significant upside.

Property profile
Verified
Property type Commercial real estate
Total area 1,199 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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