9. Aprile 2026

Buy & Build Insights – Case Study: Gustoso Group

AUCTUS is the leading investment firm for the mid-market in Europe and a pioneer in successful buy-and-build concepts. As part of our analysis series “Buy & Build Insights,” we examine the strategic mechanisms behind successful platform investments. An outstanding example of the redefinition of a fragmented market is the Gustoso Group. The case demonstrates how a professionalized multi-brand platform can generate above-average growth.

The Transformation in Numbers

The development of the group since the initial acquisition illustrates the scalability of the model:
  • Expansion: From fewer than 10 units at acquisition to over 200 locations today.
  • Revenue growth: Increase from less than €10M to a volume of over €300M.

Market Dynamics: From Individual Operations to Professional Groups

The European restaurant sector is currently undergoing a profound transformation. AUCTUS observes a significant shift from owner-operated individual businesses toward professionally structured restaurant groups. In an environment where demand for high-quality out-of-home dining is steadily increasing, scalability and consistent digitalization form the new benchmarks for commercial success.

Strategic Pillars of Success

Gustoso today serves as a reference model for a successful buy-and-build strategy built on four central pillars:
  1. Focus on attractive market segments: The group deliberately concentrates on the fastest-growing areas of the European restaurant industry — particularly fast-casual concepts in the pizza, burger, and modern food segments.
  2. Institutionalized brand building: Through a specialized “Brand Building Machine,” core brands are scaled with best-in-class expertise in branding and digital marketing.
  3. Centralized operational backbone: While preserving the culinary identity of each individual brand, Gustoso creates maximum efficiency through the centralization of procurement, controlling, and a unified digital infrastructure (Digital Engine).
  4. International proof of concept: The platform provides the capital and expertise for national and international roll-out. The fact that 40 % of system sales are already generated outside Germany is proof of its international scalability. Brands such as 60 seconds to napoli (>100 % YoY) and Ruff’s Burger (>50 % YoY) underline this momentum.

Conclusion and Outlook

The Gustoso case study demonstrates that a clear platform logic can fundamentally transform the hospitality industry. The focus is not on the industrialization of the restaurant business, but on empowering culinary concepts through a professional commercial backbone. As currently the fastest-growing player in the full-service segment in Germany, Gustoso is optimally positioned to further drive expansion across Europe.

Informazioni su Auctus

Con oltre 470 investimenti negli ultimi 25 anni, AUCTUS è la società di investimento più attiva per le PMI europee. I nostri investimenti si concentrano su partecipazioni di maggioranza in aziende con un fatturato annuo compreso tra 10 e 150 milioni di euro.

AUCTUS è sinonimo di crescita organica sostenibile, ma anche di crescita inorganica attraverso le acquisizioni. Raggiungiamo questo obiettivo grazie a una partnership di fiducia con i dirigenti delle nostre aziende. Siamo specializzati nella creazione di gruppi di aziende di medie dimensioni di successo: creiamo leader di mercato. Gli oltre 35 esperti di investimenti di AUCTUS gestiscono attualmente circa 50 investimenti della piattaforma in vari settori dell’economia. Gli investimenti della piattaforma, per un totale di oltre 200 singole aziende, generano un fatturato annuo di oltre 4 miliardi di euro. >Le vendite e gli utili sono cresciuti del 10% all’anno per anni.

Il nostro lavoro di successo viene regolarmente premiato con prestigiosi riconoscimenti e classifiche internazionali.

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