Winery For Sale

More than a hundred wineries, of which an estimated 5,000 are in Spain, are sold to the highest bidder, with discounts up to 50% and have been forced to put the sign "For Sale".

Wineries from different areas are in this situation, as Rioja, Ribera de Duero, Sant Sadurní, the central zone, Andalusia, Extremadura and Tenerife, some with unique buildings are centuries old, with hundreds of acres of vineyards, hotels or luxury spas. Investors more interested in buying these wineries are the Russians, Chinese and Lebanese, especially in La Rioja and Ribera del Duero, the best known appellations on the outside, looking only investment and that the winery continue exploiting the current managers, ie want a profitable business running and to stay alone.

Associated Massive construction arose design wineries all over Spain, and the builders also entered the wine industry. It is estimated that construction companies created 500 wineries in Rioja appellation. From the Spanish Wine Federation (FEV), suggest that many people bought wineries with the expectation of recovering the investment, but the fact is that in this business, since you start investing and start producing, spend years, so it is returns get trickier.

Only in Castilla y Leon more than thirty wineries for sale, as in Castilla-La Mancha, where many of them are in bankruptcy (insolvency old). Now there are wineries with discounts up to 50% on the price of two or three years ago.

In addition, wine consumption in the internal market is very worrying as it is added that Spain produces four times what it takes to drink a year, so that exports are key to sustaining the income statement. For some experts, the future of Spanish wine should be in the U.S. market because in Europe, Spanish wine competes with wines made in Morocco, Argentina or Chile.