In the market for a winery? Cosentino Winery for sale

on 18/11/10 at 9:15 am


Cosentino's flagship winery in Yountville, Napa Valley, for sale.

The shoe has finally dropped on Cosentino Winery. After 30 years in business and repeated attempts to avoid failure, the 70,000-case winery closed its doors Nov. 11 and ceased operations.

The highly desirable property on Highway 29 is now for sale. Winery co-founder Mitch Cosentino, who is no longer involved with the company, said a buyer may be announced shortly.

The building would be a valuable catch for a wine company seeking a high-visibility spot shortly after the divided highway ends in Napa Valley. There’s speculation that Bill Foley, who owns a number of wineries in Napa Valley including 1,000-case Merus, the 3,500-case Venge winery (Rossini Ranch on Crystal Springs Road) and 70% of Kuleto Estate (10,000 cases), might be interested. Foley has indicated he’d like a prime location there.

{Full story via Wines and Vines}

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