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Food

23rd Jul 2023

Man who sold his sneaker collection to start a pizza business says it’s now worth $10 million

Jack Peat

‘We will become a national brand in the next few years’

A man who sold his rare sneaker collection to kickstart a pizza business says the enterprise is now worth a staggering $10 million.

In 2016, Michele Civiera put his hoard of beloved limited-edition trainers he had built over decades, including incredibly rare Nike SB dunks and original Nike Air Jordans, on the market, raising £10,000.

Less than ten years later, the capital he raised to buy his first pizza oven and dough mixer has been turned into a pizza empire worth a thousand times his initial investment, and now there’s national expansion on the horizon.

After establishing icon status in Scotland’s capital, even being named among the UK’s top ten pizzas, Civiera has unveiled a new food truck, which will soon bring the brand’s signature slices to venues and events across the UK.

The entrepreneur and restaurateur is now calling on pizza lovers to suggest venues where the food truck can visit next.

This is a significant step towards Civerinos’ ambition to become a household name with sites nationwide.

“We will become a national brand in the next few years, and the best way to do that is to build demand by making sure more people have the chance to try our pizza”, said Michele.

“Eventually, we’ll have venues in almost every student town and city across the UK, but our food truck is going to blaze a trail for us first.

“Everywhere I go, I see people wearing our t-shirts. We want to build a movement of people who have a great attitude, enjoy good times and good music, and love big, tasty slices of NY-style pizza.”

Currently, Civerinos has four sites in Edinburgh: slice bars in Portobello and the city centre, a restaurant on Hunter Square, just off the Royal Mile, and a delivery kitchen which is also home to the firm’s production kitchen, training academy and creative studio.

In September, Civerinos will open its first venue outside of Edinburgh, in Finnieston, Glasgow. By then, the business will employ almost 200 people. After achieving turnover of £6 million in 2022, the fast-growing firm is on target for £7 million this year and £10 million by the end of 2024.

Michele commented: “There’s a gap in the market. There are loads of amazing pizza places, but our NY-style pizzas combined with our overall vibe and attitude brings something new to the table.

“We’re proud of what we’ve achieved so far, and we’re incredibly excited for what’s coming next. We are growing, and we have big ambitions. We are getting smarter as a business so we’re ready to scale while still providing the same quality and standards that people expect from us.

“It’s been a challenging time thanks to the pandemic, Brexit, the supply chain crisis, and everything else that’s been thrown at the hospitality industry, but now we’re stronger than ever. We’ve learned a lot and we’re ready to go.”

The Civerinos food truck, has already popped up in Glasgow and North Berwick, with plans to travel much further afield.

Civerinos is now calling on pizza fans across the UK to post a picture of a venue they’d like to see Civerinos pop-up on Instagram and tag @civerinos_slice.

Keep an eye on the page to follow their journey and see where the food truck appears next.

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Five Guys becomes the latest entrant to the world of fast food fashion

Topics:

Business,Pizza