Catylist ID:
#30802201
Prime Location I-40 Exit/ Real Estate Only or Currently Lefty's BBQ
Business Opportunity
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: | 30802201 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | 3,960 SF |
| Sale Price: | $850,000 - 1,100,000 |
| Name of Establishment: | Lefty's Barbeque |
| Business Website Address: | www.leftysbbqtn.com |
| Year Business Established: | 1982 |
| Gross Revenue: | $0 (Annual) |
| Cash Flow: | $0 (Annual) |
| Sale Terms: | Cash at closing |
| Last Updated: | 5/12/2023 |
Overview / Comments
|
Location! Location! Location! I-40 Exit Prime Real Estate in Crossville, TN. Option 1- Real Estate w/ Improvements Only- $850,000.00 Adapt to your Choice of Uses to fit your needs. Option 2-Successful Business, Building, Equipment & Inventory $1,100,000. Continue this successful business right here!! or Option #3- Purchase Business, Equipment & Inventory for $350,000 with long term lease on building. About US! Talk about delicious, Smoked meats and homemade sides! Lefty's Barbeque has been serving the Cumberland Plateau in Crossville, Tennessee since 1982, and at their current location since 2013 at I-40 Exit 320 Genesis Road next to the Pilot Truck Stop and across the street from Stone Memorial High School, the Stonehaus Winery and near the Antique Mall and other specialty shops. Buc-ee's new location is at the same exit which opened in June of 2022. Built in 2013 on .75 acre the building is 3960 sq. ft. with a TN Orange metal roof and wood siding. There are 32 parking spaces on a level lot, a separate Smokehouse and permanent signage. *This property and its location and exposure could be adapted to many uses. Seller will share business financials with potential buyer after receiving Proof of Funds and/or Line of Credit Letter showing ability to purchase and Buyer will be required to sign CF461, Commercial Mutual Non-Disclosure and Confidentiality Agreement. |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Cumberland |
| Industry Segment: | Restaurants |
| Reason for Selling: | Retirement |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $119,000 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $0 |
| Competition/Market Description: | Crossville is the half way point between Nashville and Knoxville. This I-40 Exit is seeing huge growth with a new Buc-ee's slated to open in the summer of 2022, and already busy Pilot and Speedway gas stations. |
| Growth/Expansion Opportunities: | With the increasing growth of the I-40 Exit and the excellent visibility of this property there are no limits to the growth of this business. |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 6,379 | 22,888 |
| Median Age: | 36.36 | 42.43 |
| Households: | 2,732 | 9,452 |
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