Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Italian dual-eatery sale

Italian dual-eatery sale offers new owners a ‘pizza the action’

Iconic Auckland pizza brand with dual locations in the central business district and Ponsonby has been placed on the market.

il buco – Italian for ‘hole in the wall’ – established in Ponsonby 13 years ago was the first to offer authentic Roman ‘pizza al taglio’ or ‘pizza by the slice’ in New Zealand.

The two il buco eateries are being jointly marketed for sale as one entity by Bayleys Real Estate Business brokers Leah La Hood and Meredith Graham. Ms La Hood said expressions of interest to buy the two businesses would be taken up until November 11, 2015.

Established in 2002, il buco Ponsonby runs a seven-day operation – open between 7.30am and 9pm. The busy take away and sit down Ponsonby Rd location can seat up to 18 customers outside and is currently paying $18,720 plus operating expenses and GST.

il buco Vulcan Lane opened in 2014 and now runs as a weekday venue for lunches only. The venue is fully licensed and seats 26 inside and out. There is opportunity to open in the mornings, into evenings and weekends too in this high profile area. The annual rent is $45,000 per annum plus operating expenses and GST.

Both locations have separate leases in place until 2023, on the basis that all rights of renewal are exercised.

Daily preparation work is done in Ponsonby with fresh pizza delivered each morning to Vulcan Lane in the il buco branded VW Caddy.

“The two venues run complimentary operations – with the CBD branch serving casual corporate clientele during the lunch period, while il buco Ponsonby is very much a neighbourhood all day dining establishment drawing its customer base from the immediate Ponsonby/Grey Lynn/ Freemans and Herne Bay locales,” Ms La Hood said.

“The nature of this dual operation could potentially allow a new owner to run a labour-efficient split-shift staffing model – either for the kitchen and front off house staff, or for themselves in a front of house management position.

“Pizza is part-made in advance and finished off in a format which allows stock levels to be kept at an optimum, minimizing waste.

“Access to an evening operation allows for the transferal of any surplus food items prepared but not sold during the lunch service. This maximises production efficiency while minimising waste. The business also has a ‘zero carbon rating’ with sustainable business practice charity Conscious Consumers.”

Ms Graham said the Vulcan Lane il buco location had recently undertaken successful initial market research on the potential of increasing its outcatering sales – with a view to replicating the outcatering success enjoyed by the Ponsonby branch.

With a substantial selection of vegetarian pizzas, pastas, and vegetable ingredient based soups, il buco is a member of the New Zealand Vegan Society resulting in a strong vegan and vegetarian following.

il buco has won multiple awards over the years from local and international media including Concrete Playground, Viva and Metro magazines in a range of different categories ranging from Best Pizza through to Cheap Eats.

il buco’s crispy base Roman-style pizza is baked in 600mm by 400mm rectangular trays. Ms La Hood said the rectangular tray format allowed for a more consistent spread of toppings, and for more precise cutting of pieces.

Business founder and owner Jonny Rudduck, who is selling up the two pizza powerhouses to pursue his new dream of establishing an heirloom fruit orchard in Northland, says there are three banned words within il buco’s ethos – “chicken, pineapple… and microwave.”

“I love seeing customers sit down, relax and eat in at il buco because pizza tastes best straight out of the oven. Saying that, a customer-base spanning the breadth of Auckland allows us to serve our pizza hot and ready to eat, or half-cooked ready to heat up in less than five minutes at home or the office. We’ve even been known to fly a customer’s pizza to Dunedin for a birthday function.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Foodstuffs: New World & Four Square Trial NZ’s First Grocery Delivery Offer With Uber Eats

New World & Four Square have partnered with Uber Eats to unlock the first grocery offering available on the platform in Aotearoa. For New World and Four Square it’s yet another way to put New Zealanders first, particularly with those inevitable last-minute grocery needs... More>>

Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Energy Resources Aotearoa: New Law On Decommissioning Could Be Costly Overkill
A new law on decommissioning oil and gas fields passed by Parliament today has good intentions but is overkill, according to Energy Resources Aotearoa. "We strongly support operators taking responsibility and paying the costs for decommissioning, which is what all good operators do," says chief executive John Carnegie... More>>



ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>


PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>



REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>