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Virginia Wineries for Sale in Virginia, United States
The Daily Progress wrote a story on Virginia Wines and distingues different aspects of this wine region of United States.
In fact, the article talks about which are the most expensive wines:
«RdV Vineyards in Northern Virginia, which was recently purchased by France’s Chateau Montrose, makes a Bordeaux-style blend that eclipses all other wines in the commonwealth by price at around $250 per bottle.
In Central Virginia, Early Mountain Vineyards was the first winery to price a wine over $100; called Rise, it goes for $150.
To understand better this matter, we talked to Janine Aquino that explains to AndesWines.com that new ownership is when someone purchases a winery and they typically come from another industry such as Tech, Finance, IT, or they just have had a passion for wine for a very long time and want to take that passion to the next level. These are people who typically don’t have the knowledge base on what it takes to run a winery.
Generational ownership is when family members decide they want to be the next owners to carry on a family legacy. Perhaps they’ve worked at the winery, so there is some knowledge about the industry going in. Sometimes they don’t have any knowledge about the industry, so they fall in the category of new ownership.
In either situation, as a Licensed Winery Real Estate Agent from Aquino Baron Consulting, Janine states: «I approach my consulting by looking at the «bones» of the business. Essentially, I do an «audit» of the business. I look for holes that need to be fixed. I look at the overall health of the business from the internal processes and procedures to how all the departments of the business are functioning. More times than now, current ownership has been running it the same way for many years and never had the time to fix the issues.»
«After the audit results come in, then we form a strategic plan consisting of what needs to be done in order to have a smoothly running operation. My company gets involved with creating procedures for the departments within the winery, new menu offerings and design, wine club revisions, sales training, new job descriptions, revise their distribution model, revise their events model, assess their marketing materials, and more. I highly suggest this to be done when someone either buys a winery or when the next generation is looking to take over.»
What would you say are the main strengths that make Virginia an attractive location for investors to buy a winery?
Virginia offers much diversity in its terroirs and landscape with temperate climates. There is much value in the land and you can get more for your money than say California.
Related Article: https://www.andeswines.cl/2024/10/21/why-chateau-montrose-acquired-a-winery-in-virginia/
Interested to buy a Winery in Virginia?
Contact Janine Aquino
https://www.aquinobaron.com/farms-and-wineries-for-sale/
+1 (614)-562-4900
aquinobaron@gmail.com
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