jdhmnovel Chapter 259 The answer that exceeded Chen Yao's expectations
Chapter 259 The answer that exceeded Chen Yao's expectations
After Lu Yongqiang finished speaking, Chen Yao did not say anything. Lu Yongqiang also knew that if hundreds of millions of dollars of investment were involved, Chen Yao would not be able to make the decision, so he did not make things difficult for Chen Yao.
Lu Yongqiang said, “Brother Yao, you can discuss the investment with Mr. Jiang.
To be honest, it has been almost a year since I started the food city business in April last year, and the renovation and advertising costs of several food cities have all been recovered. The popularity brought by the food cities has led to a huge increase in the value of the shops. If I want to sell these shops now, I can make at least 200 million yuan in profit.
Brother Yao, you should have seen the business of this food city. With seven stores, we have at least two to three million in revenue every month. Now the business itself can make money, and the store prices are constantly rising. I am making money on both ends.
It's because we're all from the same sect that I'm willing to let the club join in at this time. Otherwise, I don't want to give this sure-win business away to others."
After Lu Yongqiang finished speaking, Chen Yao couldn't help but ask, "Aqiang, how much do you want the society to invest? How many shares can you give the society in the end?"
Lu Yongqiang said, "Five hundred million, the society will take 20% of the shares."
Chen Yao frowned and said, "Only 20%?"
Lu Yongqiang smiled and said, "Brother Yao, do you still think 20% is a loss? To be honest, this is just the society's investment. Otherwise, with 500 million, I would only give up 150% of the share at most."
“Our initial total investment was indeed only 1 billion yuan, but now these food cities are worth more than 1 billion yuan. If we find a professional agency to evaluate their value, they can at least estimate it to be 1.5 or 1.6 billion yuan.
This does not include the store in Tsim Sha Tsui which is still under renovation. If that store is included, the value will increase by another 100 million.”
"Let me put it this way! If the society really wants to invest, I plan to open six more branches before the end of the year. By then, there will be a total of thirteen food courts, and the valuation should not be less than 2.5 billion.
The association has invested 500 million yuan and will recoup its investment by the end of the year. If housing prices continue to rise, the valuation will continue to rise. If the company is able to go public in the future, the association will make a lot of money.
"Going public?" Chen Yao was stunned for a moment, then said, "Aqiang, don't try to fool me. Can this food city actually go public?"
Lu Yongqiang smiled and said, "Why can't we go public? This food city business is a completely legal business, and the profits are not bad. When the time comes, we can set up a joint-stock company to run this business and hire a professional to run it. Why can't we go public?"
After hearing what Lu Yongqiang said, Chen Yao was stunned for a moment, and then he realized that it was indeed as Lu Yongqiang said, it was really possible to turn this business into a listed company.
Chen Yao nodded thoughtfully and said, "I will discuss this with Mr. Jiang when I get back. I will call you as soon as I have a result."
Lu Yongqiang smiled and said, "OK! I'll wait for your good news."
"Brother Yao, let's get something to fill our stomachs first."
As they were talking, Lu Yongqiang had already gone over to order food.
After Lu Yongqiang and Chen Yao finished their meal, Chili and Curry ran over panting.
"Brother Qiang, I'm sorry! We..."
"Alright! Stop explaining!" Seeing the two of them like this, Lu Yongqiang glared at them and said, "Let's find a quiet place. Brother Yao and I have something to discuss with you."
Curry said, "Brother Qiang, there's a dessert shop on this street. It probably doesn't have much business right now. How about I treat you guys to some dessert?"
After Curry finished speaking, Lu Yongqiang said, "Forget it, it's just a few words. Let's chat in the back alley."
As he spoke, Lu Yongqiang had already stood up and walked towards the back door.
Curry said awkwardly, "Brother Qiang, the sweet soup in that shop actually tastes really good..."
Before Curry could finish his words, Chili started to criticize him, saying, "Is it really the sugar water that tastes good? I think it's the boss lady who tastes good!"
A few people came to the back alley of the store, and Lu Yongqiang said, "Didn't Wu Laosan from Happy Valley die a while ago? Now there's no one managing the branch in Happy Valley.
Brother Yao thinks you two are great and wants you to be in charge of the Happy Valley branch."
After Lu Yongqiang finished speaking, Chen Yao added, "The branch in Happy Valley has about 80 to 90 members. The society occupies two streets there, and its properties include a chess and card room and a loan sharking company.
That chess and card room is just a place for the branch members to stay, so it doesn't matter whether it makes money or not. You are mainly responsible for the loan sharking company.
The company currently has over 500,000 yuan in its account, and over 1 million yuan in external accounts that haven't been collected yet, totaling nearly 2 million yuan. This is considered the development funds that the association is temporarily lending to you, and you must repay the association with interest in the future."
After Chen Yao finished speaking, Curry and Chili exchanged a glance, and then Chili said, "Brother Yao, we don't know how to run a loan sharking company. Why don't we send someone else to take charge of this?"
As Curry finished speaking, Chili also spoke up, "Right! We don't want to go to the Happy Valley branch, we just want to follow Brother Qiang."
As she spoke, La Jiao said to Lu Yongqiang with a sad face, "Brother Qiang, we have been following you for a year or two. You can't abandon us."
Chen Yao was stunned when they heard this, then he said in disbelief, "Chili and curry, right? You guys better think clearly. You went to Happy Valley to branch out, but you're going there to be the boss, not to be a younger brother. Don't you want to be the boss?"
"No!" As soon as Chen Yao finished speaking, Chili and Curry said in unison.
Chen Yao looked at Lu Yongqiang with great doubt, his eyes full of suspicion. Chen Yao wondered if Lu Yongqiang had done something secretly...
Seeing Chen Yao's suspicious look, Lu Yongqiang shrugged and said, "Brother Yao, you don't suspect me of playing tricks, do you? Don't blame me for this. I've been with you since we left Zhongyi Hall. I've been right under your nose the whole time. You should have seen that I didn't do anything."
After Lu Yongqiang finished speaking, Chen Yao frowned and looked at Chili and Curry, then asked, "Can I ask why you are unwilling to go to the Happy Valley branch?
You should think carefully about this. Although the Happy Valley branch is not very big, that loan sharking company has always been doing well, basically making one to two million in revenue every month. If you manage it diligently, it is not impossible to double the profit."
After Chen Yao finished speaking, Curry said, "Brother Yao, that's not how you calculate the account.
Even if the loan sharking company can earn two million per month, according to the rules of the association, the association's industries must hand over 70% of the profits, which means we only get 600,000.
We have to use this 600,000 yuan to support 80 to 90 younger brothers. If we assume that each younger brother gets 2,500 yuan, then 80 younger brothers will need 200,000 yuan.
Running a loan sharking company inevitably leads to conflicts with others, and you definitely have to take care of the police. Not to mention a lot, it's at least 100,000 yuan a month.
"I'm a good worker, so I'd be fine if I could just take them out for a bit, not just give them cash rewards. Wouldn't that cost tens of thousands of dollars a month?"
As soon as Curry finished speaking, Chili couldn't wait to add: "Curry, you forgot one thing.
Since it is a loan sharking company, there must be some bad debts that cannot be collected. According to the rules of the society, these bad debts will be charged on us.
Now, of the more than one million yuan of external accounts that the company has not recovered, I am afraid that 70% have become bad debts. We have not even earned the money yet, but we have already incurred nearly one million yuan in debt.
We also have subordinates to collect the debts. If we encounter some ruthless people and cannot collect the money, and the younger brother is injured, we will also have to pay for the medical expenses.
If we can actually get 200,000 yuan each month, we'd be lucky. If the loan company's monthly profit is not 2 million, I'm afraid we will only get a few tens of thousands of yuan at most.
We follow Brother Qiang, and although we can only earn a few thousand yuan a month, we don’t have to worry about much. We just need to take care of this food city. If there is trouble, we will deal with it, and if there is no trouble, we will do nothing.
If we can achieve merit someday, Brother Qiang will easily reward us with hundreds of thousands. We are not stupid to not follow such a good boss and go to Happy Valley to hang out. "
After hearing about chili and curry, Chen Yaoke felt a little embarrassed.
If you run a loan sharking company and meet a ruthless person, you will definitely make a fortune.
But Chili and Curry are undercover agents, and it is hard to say whether they can run a loan sharking company. If they are soft-hearted and temporarily let other people off when they see that their families are in trouble, then they may not only not make money, but may even lose money.
In the current situation at Zhongyi Hall, Lu Yongqiang thought of the possibility that the two would refuse, so he asked Chen Yao to come with him.
While Chen Yao was speechless, Lu Yongqiang spoke up. "Chili and curry, Brother Yao ordered yours, and Mr. Jiang agreed. This matter was decided at the general meeting. Now you can't refuse to go. Since you've joined Hongxing, you must abide by the rules of the society."
We're letting you go to the Happy Valley branch temporarily. You have to go even if you don't want to. This is non-negotiable."
Lu Yongqiang opened his mouth, and Curry immediately said, "Brother Qiang, you know the abilities of Chili and I. We really don't know how to run a loan sharking company. If we don't do it well and can't get the money we lent out back, how are we going to explain to the society then?"
"Brother Qiang, Chili and I have been with you for so long, you can't just abandon us, right?"
After Curry finished speaking, Lu Yongqiang pretended to think for a moment and said, "You guys go back to the store and take care of business first. I'll discuss this with Brother Yao and then let you know whether you're going to Happy Valley."
After Chili and Curry left, Lu Yongqiang said to Chen Yao, "Brother Yao, these two are useless. Are you still insisting on sending them to Happy Valley to form a branch?
If you insist, then just order them to go to Happy Valley to branch out. The society's rules are there, and they must go no matter how reluctant they are."
"But these two idiots are my disciples after all. If they cause any trouble after going to the Happy Valley branch, the society can't blame them, otherwise I won't allow it."