5. Monty deals in handshakes, not written contracts
5. Monty deals in handshakes, not written contracts (Image 5 of 13)
Rich: Any regrets? What worked for you and what didn’t?
Monty: My wine has sold out and perhaps, with hindsight, I probably sold it too cheaply but I didn't anticipate quite how well it would be received. Everyone's said it's a great wine and I maybe could have charged a little bit more than I did. I made a tiny profit, which is good because a lot of people don't. The incentive is there to grow and get bigger now. With future profits my aim is to reinvest in the land and to convert vineyards that haven't been organically farmed.
I like to avoid paperwork and do deals on a handshake - that's how I’ve always done it and I find things just work better that way. Eric, the guy I rent from, is happy with that and I prefer a relationship based on trust than a formal agreement enshrined in a written contract. It works for me and it works for him.
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.