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JAMES CITY-Two potential buyers have expressed interest in Williamsburg Winery, which went on the market in October.
Rick Walden, owner and founder of Virginia Estates, which is handling the sale, said two individuals have expressed interest in the property, someone from New York state and another person from Philadelphia, Pa. Walden declined to provide further details, though he stressed that neither person has made an official offer on the property yet.
Williamsburg Winery, which opened in 1985, is on the market for $40 million. Sale of the 342-acre property, known as Wessex Hundred, includes all assets of the business except the wine inventory. In addition to the winery and vineyards, the property boasts a restaurant, Gabriel Archer Tavern, and a boutique hotel, Wedmore Place.
“We hope to have the property sold by the end of the year, if not sooner,” Walden said.
Williamsburg Winery founder and chairman Patrick G. Duffeler decided to place the winery for sale in anticipation of his retirement. Duffeler, and his wife, who is French, plan to relocate to France.