Waiheke restaurant has stunning outlook
One of the oldest continually-run hospitality venues on Waiheke Island has been placed on the market for sale.
Vino Vino at 153 Ocean View Road in Oneroa is a Mediterranean-themed bar and restaurant which has been serving drinks and meals for some 27 years.
The 90-seater venue is located on the hill-top ridge of Oneroa’s main street - providing unobstructed views overlooking one of Waiheke’s longest and busiest beaches just a few hundred metres away. Vino Vino makes the most of its prime position with a large outdoor deck serving area.
The Vino Vino business – but not the land and buildings in which it is housed – is being marketed for sale by negotiation through Bayleys Real Estate’s hospitality business sales division. Salespeople Carolyn Hanson and Markus Blum said Vino Vino’s reputation on Waiheke was among a privileged handful of such hospitality businesses to have been around for almost 30 years.
“Over the past decade of trading, Vino Vino has allowed its owners to comfortably operate the business as a lifestyle enterprise. New owners could well look at continuing on with a model which has worked so successfully for its current operators for the past 14 years, or taking Vino Vino in a new direction,” Hanson said.
“Any new operational changes could also include opening up for breakfasts – at least on weekends to start with – as well as driving group bookings for functions and events. A refurbishment of the interior to reflect a new menu would also be another option available to any new owner.”
Vino Vino employs a core complement of 11 staff – including two chefs and two kitchen hands, three fulltime front of house personnel and a further three part-time front of house personnel, and a restaurant manager. This core number expands during the peak summer period between November and March.
Hanson said that in addition to marketing its activities locally on Waiheke through ‘word-of-mouth’ referrals, Vino Vino utilised digital channels such as Facebook and Instagram to target incoming visitors to the island.
“Vino Vino’s location in the middle of Oneroa’s main retail strip ensures a high level of ‘passing trade’ from casual clientele. Concurrently, the food and beverage offerings and pricing levels are generally targeted toward repeat business from a local clientele. It’s not competing with the island’s winery restaurants for customer trade, and has never sought to do so,” Hanson said.
“As a result of this domestic focus, the Vino Vino business has bounced back relatively quickly from the impacts of Covid-19 level four and level three trading restrictions.”
Blum said Vino Vino’s owners would look at undertaking a ‘handover’ transition for any potential purchaser who was new to the hospitality sector. The 471-square metre Vino Vino venue is on a lease at its Ocean View Road premises, currently running through to 2028 and paying annual rental of $60,000 plus GST.
Chattels included in the business for sale include a full commercialgrade kitchen encompassing walk-in chiller/freezer units, combi’ ovens, gas hobs, deep fryers, substantial stainless steel food preparation benching, and crockery washing/ cleaning equipment.
“Vino Vino has bounced back relatively quickly from the impacts of Covid-19.”