In the market for a winery? Cosentino Winery for sale

on 18/11/10 at 9:15 am

Wine

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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