A fruit and vegetable market in Napier’s Golden Mile has been placed on the market.
McKelvie’s Country Market is a long established, family owned produce business operating from 284 Meeanee Rd in Napier.
The freehold property comprising of three hectares of planted land, the shop, supporting buildings, staff facilities, equipment, and a four bedroom home, is being marketed through Bayleys’ Louise Wake via a tender process closing on April 30.
After 35 years, the vendors have decided to retire, allowing a new owner to take over an established, well-known business, said Wake.
“This is an exceptional opportunity to take over a highly productive and profitable business in the heart of Napier’s fruit and vegetable producing area,” she said.
Land included in the property is planted in netted strawberries, peaches, nectarines, apples and pears – all of which are sold at the roadside shop, in addition to a full range of produce including stone fruit supplied from a nearby orchard.
“A new owner could take over the business and continue to run it as it is, or expand the current operation to further maximise profitability.”
Wake said there is extensive potential to grow the business, including developing the current site to produce additional varieties of fruit, vegetables and herbs, and berries.
“Further, a new owner could also extend the existing business to include a café or alternative relevant business, making it a tourist destination. With 200m of road frontage, there is also scope to extend the business’ profile,” she said.
“The business sells fresh fruit and vegetables to visitors and residents of Napier, Clive, Taradale, and the surrounding suburbs. The growing season runs from October to May, with the remainder of the year spent picking produce and preparing for the next season. The shop runs year round. New strawberry plants are planted each year to ensure the biggest berries.
“Trading figures and current yields show a very strong performance from McKelvie’s Country Market. Financial details for the business are available by request and under confidentiality agreement,” said Wake.
McKelvie’s Country Market shop is a large converted shed including, a checkout, display areas, and a packing and bagging area. Outside is a paved parking area and adjacent double carport. The business is supported by a sealed yard, three cool stores, a four bay shed housing a staff room, shower facilities, and small workshop, and two bay storage shed. A large number of chattels including a cash register, computer software, scales, picking trays, and pallet trolley, are part of the sale.
The business employs two permanent fulltime staff year round to run the shop, in addition to several seasonal workers.
McKelvie’s Country Market has a rating valuation of $740,000.
