Legacy Wine & Spirits International Ltd., an importer, wholesaler and retailer of fine wines in China announced today that it has entered into an exclusive agreement with Paul Stewart, President of Franchise Associates (FA), to market the Legacy Wine Merchants Retail Franchises in the United States. FA has generated over $500 million in revenues in the last 12 years for their clients. FA has an impressive track record and if Legacy experiences a fraction of their success with other clients they will become a powerhouse like Merry MaidsÂ®, which sold for $25 Million or Manhattan Bagel CompanyÂ® which went public for $55 Million. FA has also generated success for household names like FastSignsÂ® ($100 Million) and Jiffy LubeÂ® ($56 Million). The terms of the agreement were not disclosed.
“We are proud that Legacy Wine and Spirits has selected us to be their partner in the United States. Legacy will benefit from Franchise Associates’ (FA) over 33 years of experience in building over 300 franchise systems. We anticipate that Legacy can grow exponentially with our services and guidance,” said Paul Stewart, President of FA.