Open Projects
Fitapreta
Share
200.000 €
100% funded by 1258 investors
instalment
quarterly
term
6 anos
yearly interest
6.1%
risk rating
B-
Fitapreta is an Alentejo wine producer whose mission is to recover and rehabilitate old vineyards, abandoned grape varieties, and heritage.
In 2016 Fitapreta Vinhos bought the Paço do Morgado de Oliveira - an architecturally imposing building dating from 1306 that required intensive restoration work.
Over the last eight years, the promoter has been renewing the Paço, and discovering medieval frescoes, doors, and wine and olive oil presses. The process has involved research teams in the fields of history, art, and archaeology who are gradually trying to restore a piece of Alentejo's material heritage.
This campaign aims to fund a sustainability-focused renovation of the building's exterior areas and a cellar where a wine press was discovered. Research shows evidence that wine has been made in the palace for 770 years, and the plan is to continue its production.
The renovation of the Paço is in its final stages and the funds raised will be used to renovate the Patio and the wine press cellar to increase the wine tourism capacity:
See the before and after below:
Direct
Indirect
This loan will enable Fitapreta to develop its wine tourism activity, increasing capacity for larger events, particularly weddings. An annual turnover of €300,000 is expected, with an estimated margin of 35%, allowing the promoter to generate over €100,000 annually and pay principal and interest over six years.
Download the Financial Statements for the promoter here
Download Key Investment Information Sheet
Loans granted to the promoter FITA PRETA, VINHOS, S.A. by investors will have the following guarantees, provided for in the loan agreements associated with the campaign:
Fitapreta was founded in 2004 by winemakers António Maçanita and David Booth. Today it is owned by António Maçanita, Sandra Sárria, and the company Dommelhof. It has 51 full-time employees and is based in Paço do Morgado de Oliveira, located in the municipality of Évora, in the south of Portugal.
The promoter's entire vineyard produces organic grapes, but their environmental concerns go well beyond agriculture and Fitapreta holds several sustainability certificates. All the vineyards are rainfed (without an irrigation system). For this reason, strategies to conserve water in the soil and minimize the impact on ecosystems are extremely important.
The winery is also eco-efficient, designed to work using gravity. The infrastructure is covered in cork (a natural local element, that boosts thermal efficiency), and has around 40 skylights (which reduce the need to use energy for lighting).
Fitapreta is committed to continuously implementing sustainability-focused practices and promoting different forms of material and intangible heritage, such as old vines through the recovery of native grape varieties. A good example was the work to restore "Chão dos Eremitas" - a vineyard with unique characteristics in the Alentejo, over 50 years old and covering around 30 hectares that bring us wines made from unique varieties such as Tinta Carvalha, Trincadeira das Pratas, Moreto and Alicante Branco.
Among various awards, António Maçanita won the Portuguese prize Winemaker of the Year and the Singularidade award in 2018. Fitapreta Vinhos company was also awarded Producer of the Year in Portugal in 2020.
Fitapreta is a wine company whose main activities are wine production, wine marketing, and wine tourism activities.
The wines are positioned in a medium to high segment and are sold in around 30 countries on 4 continents. The business model is based on selling to distributors and importers for distribution in the Horeca channel. The company also manages an online store and a physical shop (located in the winery) which diversify sources of revenue.
In 2023, the company made a turnover of 4.3 million euros, 3.2 million in B2B wine sales (to companies and intermediaries), and 100k in B2C (directly to the end customer). In addition, since 2021, wine tourism has become an important activity for Fitapreta, accounting for around 750k in 2023.
As a company founded with its founder's capital, and initially, without owning vineyards or a winery, Fitapreta has grown significantly in the last 20 years. The company is now a nationally and internationally recognized brand as a leading Portuguese producer of distinctive, quality wines.
Active since
2004
Fiscal country
PT
Operating In
Portugal
Industry
Food & Beverages
Number of Goparity Loans
2
Women Shareholders
Yes
Website
https://www.antoniomacanita.com2024-08-24
First instalment was paid to all the investors
2024-05-22
1234 investors successfully raised 200.000€
2024-05-02
This campaign is open for investment