Small Virginia Winery Goes Up For Sale
A Virginia winery has come up for sale. The Winery at La Grange is located in Haymarket, Virginia and is a total of 20 acres. Six and a half acres are planted with vines including a 4.5 acre cabernet sauvignon vineyard. The winery currently produces 7,000 cases of wine annually with the capacity to produce 10,000 cases. Wines for sale include a Cabernet Franc 2008 for $22. It is the only winery in Price William County.
In 2005 a group of investors acquired the historic La Grange farm with the goal of operating a destination winery. The property now includes the vineyard, the restored circa 1790 manor house as well as a production winery that is open to the public. The winery is being sold with all equipment and the listing states that transition assistance is available if desired. It is listed at $7 million.
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Reader Comments (Page 1 of 1)
info Dec 10th 2010 8:30AM
This is old news.
The winery has experienced such a dramatc run-up in documented value over the past several years that the owners elected (over six months ago) to test the reasonableness of that value in the marketplace. If a satisfactory and well-qualified overarching offer comes in, it will be considered (we would be foolish not to).
We are otherwise operating profitably, are makiung award-winning wines and have no urgency in selling. Questions from interested qualified offerors regarding the potential sale should be addressed to Soethby's. Any other questions about our operations or business performance should be addressed to me at the winery.
Ray Summerell
Chief Operating Officer