Would you invest in Hungarian champagne? Here is the opportunity, buy a factory!

Hungary’s second-oldest champagne factory, the 150-year-old Littke Palace in Pécs, is offered for sale. Here are the details.

After a short break, the factory restarted its operation four years ago and has become widely known for its exceptional French champagnes.

The 150-year-old champagne factory – along with the belonging property – is offered for sale at a purchase price of EUR 5.88 million (~HUF 2.1 billion). 

As the Hungarian news portal Napi.hu reports, Littke Palace is the second oldest champagne factories in Hungary, established in 1859. The factory was deprivatized in 1949. The production of champagne in the factory started in 1966. A few years later, the Winery merged with the Villány-Siklós Farm and continued to operate under the name Villány-Mecsekalja Winery. In 1982, the champagne factory produced 11 types of bottle-fermented and 4 types of tank champagne. In 1996, the factory was purchased by a Swedish citizen of Hungarian origin who expanded the company’s activity with viticulture and winemaking, and since 2003 it has operated under the name Cezar Winery Ltd. The company temporarily stopped making champagne in 2015 but restarted its operation two years later.

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In 2019, the net sales revenue of Littke Pezsgőház Ltd. was EUR 120,000, and the after-tax profit was a loss of EUR 61,000. The tendency was almost the same in the last few years, with a slight increase in the sales revenue.

According to the advertisement, the complex offered for sale at a purchase price of EUR 5.88 million (~HUF 2.1 billion) includes:

• a conference room with a floor area of ​​600 m2 and a capacity of 300 people.

• 2km long cellar systems comprising 5 levels, with an air temperature of 14 degrees Celsius in winter and summer. The cellar passages are huge and spacious, as wagons used to run between the passages.

• 170 m2 wine tasting room with a capacity of 40 people.

• A champagne restaurant, a café and a gift shop.

• Above the restaurant, there is a residential area with 5 offices and 11 rooms, 3 bathrooms. Recently, a hotel department has been established with 15 – 2-3 bed – hotel rooms.

The advertisement was posted a few weeks ago; since then, inquiries have been made by foreign and domestic investors as well.

Read alsoHungarian champagne awarded among the best ones in the world

Featured image: www.facebook.com/LittkePalace/

Source: napi.hu