Crivello Group, LLC announces financing of Copperford, LLC dba Olde Lockeford Winery
We would like to take this moment to thank for contributing this article: Crivello Group, LLC announces financing of Copperford, LLC dba Olde Lockeford Winery. Anyone that contributes is a welcome addition to EverythingOnWine.com!Pompano Beach, Florida September 24, 2004—Frank P. Crivello, Crivello Group, LLC ("CG") Managing Member, announced today that its principals provided a working capital facility to Copperford, LLC dba Olde Lockeford Winery ("OLW"). OLW was originally constructed in 1946 on its twenty-five acre site located in Lockeford, California. In the late 1980's, it fell into decline and closed. In 1998, Donald and Karyn Litchfield purchased it after a county foreclosure sale.
After their purchase, they resurrected and renovated it. Since then they have created an original model for the wine industry. Creating small lots of hand-crafted wines, OLW has developed a brand name for the wines it makes and sells. OLW's picks only the highest quality grapes grown in and near Lodi, California. Since 2000, OLW has won numerous awards in wine tasting competitions.
OLW is poised to grow their varieties and annual revenue. OLW's wine variety information is available at www.vinopiazza.com/oldelockeford. OLW is a wine industry innovator. Because the financial and resource barriers to entry for new wineries are high, Don and Karyn created the "Vinopiazza"—a unique and one of a kind facility. The Vinopiazza is a winery village in which twelve wineries or "incubators" share resources and services.
Organizationally, the structure is similar to a co-operative. Each winery incubator occupies approximately 800 sq ft is capable of supporting a full winery operation, including a wine tasting room in front. The Vinopiazza concept allows prospective wineries to start operations with little overhead expense and less risk since winery services and equipment are readily available at OLW's site. For the many customers that visit Vinopiazza, it means they can sample a wine from a dozen wineries at one location. In the latest evolution of Vinopiazza, OLW plans to construct a Bistro, Tai Cuisine Restaurant, and Glass Blowing Company to further enrich the experience for customers.
OLW is an innovative leader in providing traditional winery services. OLW's provides bottling and private label services for wineries and commercial clients. In early 2005, OLW plans to construct a partially submerged wine storage facility to provide the industry with nearby storage for its seasonal aging and finished product. In late 2005, OLW plans to complete a Winery-Process Water Treatment Facility. At present many wineries haul their waste water to treatment facilities as far as Oakland, California.
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