CHESTER COUNTY, PA — The Chaddsford Winery, of the crown jewels of the region’s wine community, is up for sale for the first time in its 42 year history.
As spokespersons for the Petrillo family put it, ownership is “consolidating their investment portfolio and exiting the winery business.”
The asking price is $4.5 million. Owners want the property to remain a winery, and strongly advocated for that in their for sale announcement, but that is no guarantee.
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“Chaddsford is a strong, modern brand with a loyal following and is now positioned to take the business to the next level under new ownership,” Corey Krejcik, General Manager of Chaddsford Winery, said in a statement announcing the sale.
The winery sits on a pastoral 5-acre stretch of land near the Brandywine River Art Museum.
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Founded in 1982, Chaddsford has grown over the years into one of Pennsylvania’s oldest and most productive wineries. It currently produces about 24,000 barrels a year, and currently is old in seven states, including recent expansions into Florida, Ohio, and Kentucky.
Wholesale distribution accounts for about 23 percent of all revenue, the winery said.
Chaddsford also lauded its various events, like the Adult Trick or Treat Festival, which sold 6,300 tickets in 2023, and profitable experiential retail like table service, wine flights, and ticketed reserve tastings. These “allow for substantial up-selling opportunities,” the announcement opined.
Chaddsford’s wines have won numerous awards, including the Keystone Cup for Best White Wine in Pennsylvania, the Best in Show for Sparkling Semillon at the Pennsylvania Farm Show, and the Pennsylvania Sommelier Judgement.
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