BCBusiness

July 2017 The Top 100

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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FAR RIGHT: JAMIE SMITH JULY/AUGUST 2017 BCBUSINESS 123 1992 2003 1993 2007 1995 2008 2000 trade, he predicts he will sell at least ‰ve times as much wine as he would have in the Oliver location. Just don't call it an urban winery. Some urban wineries don't actually manufacture, but "we're a full-‹edged winery," McWatters says. "We have full crush facilities. But we happen to be downtown." And not for the ‰rst time. McWatters started his career in 1968 at Casabello Wines, three kilometres south of the new winery. "We never thought of our- selves as an urban winery," he says. "We were actually at the outskirts of Penticton then, at 2210 Main Street. We did plant some grapes around it, but they were for show more than anything else." McWatters points out that a win- ery unconnected to a vineyard is not unusual. Among others, B.C.'s ‰rst win- ery, Calona Vineyards, is in an industrial area in Kelowna, and California's Wood- bridge Winery, which produces at least ‰ve million cases a year, has no vineyard attached to it. And not every winery in a vineyard is a viable business. Of the 272 licensed B.C. grape wineries, in the ‰s- cal year ending March 31, 2017, 95 sold less than 5,000 cases and 65 sold none, according to the British Columbia Wine Institute, which McWatters Bond chairs. Consumers are spoiled for choice, she acknowledges, but for people in the wine business, it's a hard way to make a living. Winemakers need to boost volume or have another job. "In our case, the model is pretty straightforward," McWatters says. "We're not going to see black ink for a while, and we know that." It takes ‰ve or six years of aggressive growth to break even because startup costs are high Purchases 115-acre Black Sage Vineyard in Oliver Appointed chair of VQA Canada; brings the term Meritage to Canada from the U.S. Buys Le Comte Estate Winery, renamed Haw- thorne Mountain Vineyards in 1995, and then See Ya Later Ranch (2003) Sells Sumac Ridge Estate Wine Group (including See Ya Later Ranch and Sumac Ridge Estate Winery) to Vincor International Receives Order of British Columbia Founding chair of British Columbia Hospitality Foundation Retires from Constellation (formerly Vincor) and opens Vintage Consulting Group Ltd. GOOD FINISH (From left) The wooden beams at Time Winery are original to the 1956 PenMar theatre; Harry McWatters with his daughter, Christa- Lee McWatters Bond

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