RISKS
 Possible loss of control
 Lack of cash
 VQA designation
 Quality of the vines
 Yield of the vines
 Weather
OPPORTUNITIES
 Innovative financing
 Payment on machinery could cease
 Premium wine market growing
 Price for wine growing
 Pierre’s experience and expertise
 Future on site/Internet sales
 Low cost operation
The results could be better than those shown in Appendix I, since this analysis does not include any revenue from the farm for 2001 and 2002 or from the sale of lower grade grapes. We have also assumed that HWL will obtain the VQA designation and will therefore be able to command higher prices for its wine. If HWL does not obtain this designation, the results will be quite different. We did not take into account potential sales through home deliveries and the Internet, since we do not know whether this is legally feasible. Ventura will have a 25% interest in HWL at the outset, but this interest could increase......

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Title: Hwl
Approximate Word Count: 480
Approximate Pages: 2 (250 words per double-spaced page)

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