Buying a vineyard? Consider the cost of staffing it first

The average cost for a worker in the South of France is around $29K annually

TRD New York /
Nov.November 13, 2016 01:00 PM
A Bordeaux vineyard

A Bordeaux vineyard

It may be the ambition of many well-heeled wine connoisseurs to pack their bags and snap up an old château replete with a vineyard in the South of France. But actually doing so comes with a host of unexpected complications, the Wall Street Journal reported.

One such complication is becoming an employer of the vineyard’s staff, which can be a significant financial burden and a management challenge.

“They are enormously invested personally in the property because it’s their residence,” said Eloi Jacob, the director and technical manager of a vineyard estate in Bordeaux’s Saint-Émilion grand cru appellation.

A vineyard owner typically pays one worker for every 25 acres of vines, Rory Ramsden, a Bergerac-based real estate broker told the Journal. The average cost for a worker is around $29,000 annually, he said.

Managing a vineyard’s staff can also be a diplomacy nightmare. Bertrand Couturier, associate director of Barnes International Realty, said it’s important for new owners of a vineyard to make nice with the vineyard’s chief of staff, called a régisseur, who is the person most familiar with the workings of the vineyard and can act as a go-between for staff and the new owner. [WSJ]Katherine Clarke


Related Articles

arrow_forward_ios
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

WeWork abandons Seattle co-living plan, Barneys bidding begins: Daily digest

A lawsuit accuses the Lexington Hotel of negligence for failing to act in emergency (Credit: iStock)

Father’s harrowing tale puts hotels’ liability in spotlight

Steven Holl (Photo by Axel Dupeux)

The Closing: Steven Holl

(Credit: iStock)

Tenant coalition sets agenda: tax the rich and house the poor

The Daily Digest - Tuesday

WeWork bonds hit low, new LLC legislation went farther than intended: Daily digest

arrow_forward_ios