Historic Restaurant, Bar, Coffee Shop, and Event Center In Central IL

Asking Price$1,900,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$3,500,000
Included in asking price
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Historic Restaurant, Bar, Coffee Shop, and Event Center In Central IL


Asking Price$1,900,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$3,500,000
Included in asking price
Business Description
Broadgauge was built in 1872 as central illinois’ first “mega-store”, with three stores under one roof, Hardware, Grocery, and Dry Goods.

In 2021 Broadgauge was fully restored to its original architectural glory and redeveloped into a restaurant and events venue.

The 2021 restoration received approval by the Illinois State Architect and the National Park Service as meeting the standards of a Historic Preservation Project.

In 2022, the restoration of Broadgauge won the “Adaptive Reuse” Richard Driehaus award from the preservation organization Landmarks Illinois.

During the restoration of Broadgauge, it was redeveloped into a hospitality center, with a restaurant and coffee shop/bakery on the first floor and event space on the second floor.

A full kitchen for the restaurant and catering was added, as well as dishpit, walk-in cooler and freezer. The building will be sold fully equipped and elegantly furnished.

The first floor dining room features original woodwork, from the floor to the ceiling, with the Double-sided Grand Staircase and the Mezzanine being eye catching features.

A 40 ft white granite topped bar was added underneath the Mezzanine.

The restaurant comfortably can sit 90, plus bar and mezzanine seating.

All equipment and furnishings will be included.

Branding and digital properties will be included, including broadgauge.com and the Broadgauge facebook page with 23k followers.
About the Business
Website
https://sites.exposurerealestatemedia.com/101-N-7th-St
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
18,500
Listing Info
ID
2320069
Listing Views
936

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Business Listed by: Dan Sperry The Business Exchange

Listing ID: 2320069 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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