LWSP’s Near Term ObjectivesLWSP plans to launch a nationwide franchise of near identical retail wine and spirits stores, each with its own individual charm, offering high-quality wine and spirits from around the world.
It is LWSP’s objective that a franchisee could break even in the first year of business and for 90%t of the franchisees to achieve an operating profit the second year.
Due to LWSP’s successful pre-opening marketing and advertising campaigns a store could have a positive cash flow from day one.
By importing bulk wine from countries like Spain, Chile and the U.S., and bottling the wine in China, LWSP can improve profit margins while honoring prior import contracts.
Bottling imported bulk wine in China could allow Legacy to be more price competitive while taking advantage of the lower labor costs, lower taxes for an incomplete product and the option to blend the imported wines with Chinese local wines.