Most wine products attract good patronage some even
premium prices. There are many business opportunities in the wine business
apart from owning your own vineyard.
Grape wine making requires skill and running a vineyard
is difficult. The composition of the soil, geographical location and type of
fruit adds to the eventual product.
Running a vineyard
is a long term investment in time and labor. It takes several years for some
wine to mature so patience is important.
Although there are hobbyist wine makers passion and
knowledge is the major ingredient in running a vineyard. Luckily wine business
takes many forms from wine wholesale, retail,
vineyard and wine clubs. The business format dictates the amount of startup capital required.
vineyard and wine clubs. The business format dictates the amount of startup capital required.
How
to Start Your Own Winery
Location
Running a vineyard is capital intensive because you need
a large parcel of land in an ideal area. Apart from the fix asset having a good
storage facility is important.
The purchased property needs to be fitted with test
materials, laboratory and production equipment. It is important to get an
expert to test the quality of the soil for growing grapes.
A short cut to
owning a vineyard is purchasing an existing one. Before you commit huge funds
to buying one get an expert to test the soil, grapes and equipment.
Instead of starting a vineyard you can become a wine
merchant. There are thousands of brand names in the market so choosing quality
wine is easy.
Wine merchants could lease a shop in a commercial area or
mall. The shop should be located in areas of heavy pedestrian and vehicular
traffic. Another ideal location for wine merchants is in a market environment.
Research
Wine Making
A deep knowledge of different wines is essential if you
want to make wine. The research should
involve types of grapes, soil composition and favorable climates.
Other provisions are wine brewing methodology, storage
and flavors. The wine industry is very challenging and highly competitive.
You wine needs to compete with wines made from ancient
recipes and traditions. To make wine high quality wine hire a master brewer,
wine taster, grape farmer and use mechanized farming equipment.
Choose
your Grape
There are different types of grapes and only a few are
ideal for wine production. The geographical location, soil composition and
climate dictate the type of grape that will flourish. Grape types favored by vineyards
are Vitis rotundifolia, Vitis Labrusca, Vitis vinifera.
Apply
for Permits
Your company is required to obtain a permit to produce
alcohol. Incorporate your company and select a business name.
Get a tax identification number, insurance certificate
and trade license. The product should pass a basic standardization test and get
a NAFDAC identification number. There
are also health and safety regulations and various legal documents.
Startup
Cost
The startup cost depends on the scope and size of the
enterprise. Cost considerations involve value of land, equipment, storage
construction and labor.
Other costs are mechanized farming and maintenance of
equipment and farm land. You need to pay for permits, licensing and company
registration.
More costs involve hiring professional staff and
consultants. Marketing the product, branding and labeling will consume funds.
Vineyard
Equipment
The equipment is generally mechanized farming equipment.
You also need a powerful sprinkler system and drum barrels. More equipment is
crates, pellets, laboratory equipment and office furniture.
Sell your produce to restaurants, bars, hotels and wine
retailers. Other outlets are supermarkets, grocery stores and wine bars.
Offer discount to recurrent customers and organize social
functions. You can do wine tasting and include small samples.
Hire commissioned sales representatives to push the
brand. Do lots of advertisement in electronic and print media.
Recap
on Starting a Vineyard
The first step to starting a vineyard is obtaining
licensing and permit. Then locate a suitable land to grow the grapes.
Purchase the grapes best acclimatized to your
geographical location. You can purchase or lease farming equipment to plant the
grapes.
Prepare the processing units and storage space. Market
the wine to target demography for better results.
If you want to buy an established winery study their
business model and structure. Inspect the produce, equipment and license.
Wholesalers or wine retailers only need to purchase the wine of their choice,
register the business and lease a store.
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