4. Monty's unconventional financing has paid dividends
4. Monty's unconventional financing has paid dividends (Image 4 of 13)
Rich: Financing is one of the first considerations for those wanting to start a business in France or to move overseas – do you have any financial advice from your experiences that you think really paid off, as it were?
Monty: I haven't got into any debt on this project - a lot of people have asked why I didn't just buy a vineyard but I’m not interested in owning vast tracts of land because for me that's just another paper chase. Given what's going on economically at the moment, I think choosing to rent and remain debt-free was the right decision. I don't owe any money to that bank. There are so many people out there in the trade who had a dream, bought a vineyard and all the additional costs of equipment caught them out and there's no working capital. Then corners get cut, people start farming badly and bad wine is the result. I've seen it happen so many times, and so I wanted to avoid any risk of that.
Related Features From 4Homes
Chateau Monty: Latest Episode
Interview With 'Chateau' Monty (Sept 08)
How To Start A Business In France
Biodynamic Wine Explained By 4Food
Essential info on buying abroad from APlaceInTheSun.com
Your Comments
Post your comment
Please note: In order to post a comment you need to be registered and logged in to Channel 4:
Sign In Here or Register Here
Comments closed
Comments are closed at the present time
Comments
Thank you for your comment!
Your message will be reviewed and the best ones will be published below.
If you intended to make an official comment to Channel 4 please contact us.