A successful capsicum growing operation in the North Island – supplying an expanding market for the product – has been placed on the market for sale.
Located in Pipiroa on the Hauraki Plains, Flat Tac Capsicums encompasses an established business and homestead on 3.2 hecatres of flat land. It has been placed on the market for sale as a going concern with Bayleys Hamilton, through an auction process on March 4.
Capsicums have become an increasingly popular fruit in New Zealand, with annual crops selling in excess of $20 million, according to the Ministry of Agriculture and Forestry.
Flat Tac Capsicum was established by the vendors 16 years ago. Since then it has flourished to an established, well-respected business and brand that has average an annual income of more than $600,000 over each of the past five years, said Bayleys Hamilton salesperson Josh Smith who is marketing the property with Gill Bowden of Bayleys Thames.
“This business is recognised as a leader in its field. Its sale now represents an opportunity for a new owner to take the business to the next level,’ said Mr Smith.
“This is a business that can be run at its current capacity and provide a new owner with an excellent return. Alternatively, it can be developed by expanding and increasing production. Much of the infrastructure to do so is already in place.
“It would be ideally suited to an individual, couple or family who want to run their own business. A background in horticulture is not necessary – the vendors established the business after coming from a background in print. In addition, the vendors, and staff are in place and a specialist consultant is on hand (paid for by the owner for one year), to assist with a smooth transition of ownership.”
Located at 25 Moehau Street in Pipiroa, the property strategically sits in the middle of the ‘golden triangle’ between Auckland, Tauranga and Hamilton - three of the country’s largest cities for access to multiple produce markets, said Mr Smith.
Capsicums grow well in a traditional sub-tropical New Zealand climate, particularly in greenhouses such as those utilised at Flat Tac - prolonging the growing season which runs from July to May. Capsicums are brought in as annual seedlings from a trusted commercial nursery housed within the 5000sqm green house. The controlled growing environment, featuring LPG gas heating, ensures optimum conditions and protection from the winter elements and summer drought.
The 20,000 plants consistently produce 140-150 tonne of fruit each year. A new variety introduced this season is expected to exceed these figures, said Mrs Bowden. Produce is picked and graded and marketed through Turners and Growers, and sold weekly. Five staff work in the business on a casual basis.
“Considerable care is taken throughout the growing process – from staff training and the handling of produce through to the level of attention given to grading. This ensures a high-quality product enters the market,” said Mr Smith.
The vendor has a hands-on role in the business but has transitioned with time to a managerial role overseeing the operations, including marketing and finances.
In addition to the business operation, the property also includes a four-bedroom kauri villa, which has been restored to a high quality.
“This beautiful home features matai flooring, a formal dining room, living room, office, two bathrooms, with French doors opening onto large decks, and generous lawns. Beyond the house, are three paddocks large enough to graze sheep or horses,” said Mr Smith.
Additional business infrastructure on the property includes, packing sheds, a lockable garage, and a dam. The property is easily accessible to the Coromandel Peninsula and townships of Ngatea, Paeroa and Kopu, and beyond that, Thames, Hamilton, Auckland, and Tauranga.
For more information on Flat Tac Capsicums contact Bayleys Hamilton salesperson Josh Smith on 027 229 8865.