Seeing Wu Kai return, Wu Jianqiang smiled and greeted him:
"Son, you passed the second subject today, right?"
Wu Kai: "..."
"Cough, cough, Dad, that's not important, I have something to discuss with you!"
"What is it?"
Wu Jianqiang picked up a cigarette.
"I want to start a business!"
"Start a business?"
Wu Jianqiang lit a Suyuan cigarette, took a deep puff:
"Sit, tell me what you want to do?"
Wu Kai beamed with joy:
"Dad, I want to open a small bar on the commercial street! It doesn't need to be big, about 300 square meters will do!"
"Commercial street? Bar? 300 square meters?"
Wu Jianqiang frowned:
"Son, how much do you know about this business?"
"Dad, I'm a good kid, I don't go to bars much. But young people nowadays really like this!"
Wu Kai elaborated:
"And on the university town commercial street, there are so many students, with enough consumption. Yet there isn't even a decent bar! This is my opportunity! Young people nowadays just love this kind of place!"
Wu Jianqiang remained noncommittal, pondering for a while:
"How much capital do you need?"
"Fifty... no, three hundred thousand! Three hundred thousand is enough!" Wu Kai said.
Wu Jianqiang took a deep breath:
"Son, this is your first time starting a business. I'm very happy you have this ambition. Your old man here started from scratch.
If I hadn't started a business, I'd still be stuck in the factory with a dead-end salary of two thousand yuan! It's because of entrepreneurship that I've accumulated tens of millions in family assets!"
"So, I'm happy you're starting a business! And I support you! I'll give you three hundred thousand! But you must remember, starting a business isn't easy; every step must be steady and firm! Think twice before you act!"
"Thank you, Dad, thank you, old man, I'll definitely work hard!"
Wu Kai was overjoyed:
"Wang Yi, that guy, he started a business and earned hundreds of thousands. Your son, I, won't lose to him!"
"Wang Yi? Wang Qingzhi's son?"
Wu Jianqiang sighed with emotion:
"His father stayed in a state-owned enterprise until old age, unwilling to venture into business. Instead, his son has made something of himself! Haha."
"Work hard, your old man here didn't lose to his old man, and you're not allowed to lose to Wang Yi either!"
"Yes, Dad!"
Wu Kai was full of fighting spirit:
"Tomorrow I'll go scout locations."
"Energetic, I like that!"
Wu Jianqiang looked gratified, recalling his glorious years:
"I was also in my twenties when I started my business. Back then, I even wanted to pull Wang Qingzhi in with me, but he couldn't bear to part with the iron rice bowl of the state-owned enterprise. Otherwise, he'd also have tens of millions in assets now!"
"It's the times, it's fate!"
"Don't worry, Dad, once the funds are in place, I'll take over the venue and renovate it. We'll have a trial opening next month and officially open when school starts!"
"Good, son, you can do it. Open a bottle of wine, tonight we father and son will have a drink!"
"Okay, Dad!"
The next morning, Wang Yi checked the Meiyou data.
Yesterday, on the first day of the Meiyou app's launch on iOS, the number of users exceeded ten thousand!
On Android, the number of users exceeded thirty-three thousand!
The growth rate of users on both platforms reached about ten thousand per day.
It's clear those few popular advertorials are showing results!
Continuing to pour money into promotion and maintaining this momentum, by the end of the month, the number of Android users breaking 120,000 and Apple users breaking 100,000 will be no problem.
By the beginning of next month, with a combined user base of 220,000, "pure desire style" dresses can be considered for launch!
Currently, Meiyou is constantly burning cash, and the garment factory is also burning cash.
Without the e-commerce platform going live, there's no revenue.
They rely entirely on selling clothes in the rural market to recoup funds!
They still need to buy an office building; this little money isn't enough to burn.
The user base needs to be built up as quickly as possible, and e-commerce launched, only then can Wang Yi breathe a little easier!
Thus, the production of "pure desire style" dresses needs to be accelerated!
With this in mind, Wang Yi called Wei Ming:
"How is the dress production going?"
"Boss, everything is going smoothly. As of the evening of the 18th, 4,872 'pure desire style' dresses have been made, and we expect to have 12,000 by the end of the month!"
"12,000 pieces?"
Wang Yi frowned slightly, if e-commerce goes live early next month, this stock might not be enough!
"Wei Ming, recruit twenty more skilled workers to increase production capacity!"
"Okay, Boss! Previously, Boss Yin wanted to expand and strengthen the business, so he brought in a new batch of equipment that can support fifty people producing simultaneously.
Recruiting twenty more people will be just right. However, the fabric in stock has run out, and the fifty thousand yuan you gave me is also running low."
For daily wages, thirty-plus people mean over three thousand in salary expenses per day.
Plus the material cost for 600 pieces of clothing, that's over six thousand per day too.
With other expenses like utilities, the garment factory's daily expenditures exceed ten thousand.
"No problem, I'll transfer another 200,000 to you shortly! Recruit people and produce as quickly as possible!"
"Okay, Boss."
After the call, Wang Yi logged into online banking to transfer money.
He had just received 200,000 in payment from Sun Rui this morning, and before it even had a chance to "get warm," it was gone...
However, judging by the time, the garment factory's mortgage loan should be approved soon.
He had just discussed this with Zhao Huan two days ago; it should be finalized within these two days!
By then, with over a million yuan in hand, plus a 2.1 million yuan loan, totaling over 3.1 million yuan, purchasing the office building in the cornfields of the eastern suburbs shouldn't be a problem!
In 2011, housing prices in the large cornfields of the eastern suburbs were similar to Qingyun County, around three to four thousand yuan per square meter.
The price of office buildings and apartments is generally half of housing prices, meaning 1500-2000 yuan per square meter!
That old six-story office building has over 300 square meters per floor, totaling about 2000 square meters for all six floors.
At a price of 1500 per square meter, the total is 3 million!
By then, after negotiating a bit more, paying in full shouldn't be a problem.
As for buying the office building and then having no money for Meiyou... that's also not an issue!
He can simply continue to mortgage the office building and take out more loans...
Wang Yi has assets, and he has connections at the bank, so there's no pressure on this matter.
After all, those without assets can borrow huge sums, let alone Wang Yi who has a factory and an office building?
On the morning of July 20th, Wang Yi received a bank card notification sound: 2.1 million yuan had been credited to his account!
The garment factory's mortgage loan had come through!
Wang Yi beamed with joy and decisively called Zhao Huan:
"Manager Zhao, the loan has been approved. Thank you, thank you."
"Boss Wang, you're too kind. With a factory as collateral, you're a high-quality client and can get a loan anywhere. You've helped me meet my performance targets, I should be thanking you! When you're free, I'll treat you at the InterContinental Hotel!"
"Manager Zhao, you're being too polite. Then, would you like to achieve some more performance?"
Wang Yi changed the subject.
"..."
Zhao Huan was stunned for a moment, then smiled:
"Such good news?"
"Of course. It's like this, I've taken a fancy to another office building and plan to buy it outright. Then, regarding the mortgage loan, you..."
"No problem! You just go ahead and acquire it, I'll take care of the rest."
Zhao Huan beamed with joy, because with these two deals, his performance targets were directly exceeded, and he'd be receiving a substantial bonus!
"Boss Wang, rest assured, whether it's the appraisal or the loan disbursement, I'll ensure you get the best!" Zhao Huan quickly added:
"Last time was your first mortgage, so the approval process was a bit cumbersome, and it took ten days to disburse the loan.
This time, you're already in our records as a high-quality client, so approval will be fast-tracked. I'll talk to our bank manager again to disburse the loan to you in three days!"
"Great, then I'll trouble Manager Zhao with that!"
Wang Yi beamed with joy, that's exactly what he was waiting to hear!
If it took ten days to disburse the loan, he would still have some concerns.
After all, once the office building is purchased, it's full speed ahead, large-scale expansion!
Massive recruitment, purchasing office equipment, increasing Meiyou's promotion, boosting dress production, launching e-commerce... all require money!
Now that the loan will be disbursed in three days, there's no pressure!
Having just bought the office building, he'll be able to get 70% of the loan, over two million yuan, in three days!
If Zhao Huan operates reasonably in the appraisal again, valuing the three-million-yuan office building at over four million, directly lending three million wouldn't be a problem either!
In private banks, these are common practices.
By then, Wang Yi will have a garment factory and an office building awaiting demolition in his hands.
And over three million yuan in funds to develop Meiyou and e-commerce!
As for the five million yuan loan he carries, with interest-only payments first, paying ten to twenty thousand in interest each month will be enough.
For Wang Yi, who earns two hundred thousand a day, this is no pressure!
When the October 1st demolition comes, he'll pay it all off in one go!
(End of chapter)
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