The Phoenix Martini Bar & Restaurant Acquisition Opportunity

Davenport, Iowa, US, ID 227127

The Phoenix Martini Bar & Restaurant Acquisition Opportunity 1
The Phoenix Martini Bar & Restaurant Acquisition Opportunity 1
Asking price:
On request
Owner
Сабина - Алиева - iamsabiina@vk.com - ru

Сontact with me Сабина - Алиева - iamsabiina@vk.com - ru

Description

Established high volume restaurant located in the Valley Junction district of West Des Moines, Iowa. The business serves breakfast, lunch, and dinner and includes a full commercial kitchen, in house bakery and coffee program, full service bar, and dedicated private event space. This offering includes the operating business only and does not include real estate. Operations continue under existing lease agreements.This opportunity is intended for an active operator rather than a passive investor. With documented systems and reduced reliance on ownership, the business is well suited for an experienced restaurateur, chef operator, or hospitality group seeking an established platform with operational infrastructure already in place. Performance is best evaluated through internal reporting and point of sale data by buyers experienced in restaurant operations.The restaurant was developed with significant investment in buildout and equipment, creating meaningful replacement cost value. Replicating a comparable operation today would require considerably greater capital investment, additional time, and higher execution risk. This acquisition allows immediate entry into a fully operational business.Annual gross revenue is approximately $2.0 million with particularly strong daytime performance and an established weekend brunch business. Evening service presents additional upside as dinner operations have not been a major focus of marketing or expansion efforts.The dedicated private event space remains underutilized and offers growth potential through private functions, group dining, and catering initiatives. Existing facilities, staffing, and operational systems support expansion without significant additional capital requirements.Current ownership remains involved on a part time basis, while payroll, human resources, and purchasing functions are managed remotely. Daily operations follow documented procedures and structured systems that support a smooth ownership transition.The sale includes all furniture, fixtures, equipment, specialty kitchen infrastructure, and customary food and beverage inventory, creating a true turnkey opportunity with no additional startup investment required.Ownership plans international relocation and is available to support training, transition, and staff handoff for approximately 90 days following closing.This opportunity is best suited for experienced restaurant operators, chef led concepts, or hospitality groups seeking an established business with strong revenue and clear growth opportunities. Additional information is available through the listing broker following execution of a confidentiality agreement.

Details

Real Estate: Lease
Employees (ppl): 21
Reason for selling: Retirement
Support from seller: Consultancy available
Square m2: 418

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