When purchasing equipment for your winery, whether for starting your winery or expanding, you want to get it right the first time. You don’t want to overspend but you want to make sure that you spend enough to get the highest quality possible.

Create a budget:

How much can you afford to spend? When purchasing winery equipment, you want to get the best quality you can afford that fits in with your goals.

Buying used quality equipment can expand what you are able to afford. However, consider the life of the specific equipment and whether it will actually save you money long term.

Determine exactly what you need

Your goal may be to significantly expand your winery business but your pocketbook might have other plans. If you can determine exactly what you need in order to expand your business without the bells and whistles, it will help you long term.

Make sure your purchases fit in with what you need now. Unless you have unlimited funding, you will want to select winery equipment that furthers your current goals while keeping your long-term goals in mind.

Also consider trends in the market, such as natural wines. Younger consumers are increasingly looking to single serving canned wines because of the convenience.

Consider financing

According to Future Market Insights, the increase in demand for wine is projected to continue to expand in the US and around the world. The US currently has 17.50% of the global wine market share. In order to expand to meet this demand, your winery can finance the purchase of winery equipment with monthly payments across the lifetime of the equipment.

Learn more about winery equipment financing.

winery equipment financing