The Phoenix Martini Bar & Restaurant Acquisition Opportunity
Non-Disclosure & Confidentiality Agreement Link
Location: Davenport, Iowa
Present Ownership Since: 2012
Located in the heart of downtown Davenport, The Phoenix Restaurant & Martini Bar offers a unique blend of upscale dining and vibrant nightlife. Known for its extensive martini menu, curated wine selection, and chef-driven cuisine, this established destination delivers a memorable guest experience with a “big city” feel in a thriving Quad Cities market.
Housed in the historic Bix Biederbecke building, the business features multiple event spaces, live entertainment, and strong appeal for private parties, special events, and weekend traffic. With a loyal customer base and diverse revenue streams—from dining and cocktails to banquets and entertainment—this is a turnkey opportunity for an owner-operator or investor looking to step into a well-known, experience-driven concept.
Financial Highlights:
- 2025 Gross Sales: $1.0MM
Minimum Business Asking Price: $500K
- Includes $276K in FF&E
Seller's Valuation for Commercial Property*: $895K
- *Not included in the Business Asking Price - Listed by Sean Langan, Ruhl & Ruhl
Facilities & Assets:
- 4,500 sq. ft., 4-story historic building with seating for 120 people
- The facility includes a fully built-out restaurant and bar with flexible dining and event spaces, allowing for efficient operations, diversified revenue, and immediate turnkey functionality.
Staffing:
- 15 full-time hourly employees
- 5 part-time hourly employees
- 1 full-time salaried employee
Competition:
Located in a vibrant downtown district with strong foot traffic and complementary nightlife, The Phoenix stands out with its unique blend of upscale dining, martinis, and event space. This turnkey opportunity offers a differentiated concept in a competitive yet thriving market, ideal for both investors and owner-operators.
Reason for Selling:
- Retirement
Next Steps
Qualified buyers who complete the NDA form linked below will be provided detailed information about the opportunity via a Confidential Information Memorandum (CIM) 1.0., including:
- Financials
- Location Information
- Website Information
- Social Media/Online Presence
- Location Photos
Non-Disclosure & Confidentiality Agreement Link
Seller is advised by Marigold Resources in Davenport, Iowa, and Seller pays Marigold's fee.
Please contact Marigold Resources at (563) 424-5707
Chris Barnard - Managing Partner cbarnard@marigoldresources.com
Todd McGreevy - Managing Partner todd@marigoldresources.com
DISCLAIMER: All information contained in this document has been provided by the subject company to Marigold Resources, and while believed to be correct, has not been verified. Accordingly, Marigold Resources makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that Marigold Resources shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Marigold Resources of this document. Marigold Resources’ fee is paid by the Seller.