Study says 10% of West Coast wineries likely to sell in next 5 years
on 03/06/14 at 11:04 amWine
Silicon Valley Bank’s Wine Division has issued a new study, Ownership Transitions in the Wine Industry 2014, that examines the current historic high numbers of winery sales and transitions. Ten percent of wineries are strongly considering a sale within the next five years, and one in three is open to a sale under the right circumstances. The results underscore the robust marketplace for small- and mid-sized wineries, with more winery sales and ownership transitions today compared to any other period.
- 10.5 percent of West Coast wineries are likely to sell in the next five years. Extrapolating from these results, 524 West Coast wineries are strongly considering a sale within the next five years.
- The number of wineries considering a sale is roughly split between commercial wineries and lifestyle properties.
- Wineries in Washington State are more likely to be sold in the near term versus other regions.
- 31 percent of wineries are open to a sale under the right circumstances, indicating the industry is partially through the predicted transition.