Wine Talk

Snooth User: Philip James

Want to buy a winery?

Posted by Philip James, Dec 12, 2008.

I've a worrying feeling that a lot of wineries will be up for sale in the near future. Its a sign of the times, but a sad reminder that a lot of companies will struggle to meet debt obligations.

however, for those that are in the buying mood, its a good time:

Topolos vineyard sold for $3M
http://www.bizjournals.com/sanfranc...

The sealed bid auction for Kirkland Ranch winery in Napa earlier this month did not generate any qualified bids for the property. The Dec. 3 auction created significant interest in the Jamieson Canyon Road winery and even a few bids, but none that was over the reserve prices of $22 million for the 69-acre winery property or $26 million for the winery plus an additional 186 acres.
http://www.pressdemocrat.com/articl...

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