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Chapter 93 Plan

"Silova Group has offered a price of 8 million gold shields, right?"

In the office of the general manager of the Rising Sun Company, Cadylan Jebson, sitting opposite Li Mochen, thought to himself: "Although it is not enough to fill our previous investment, in terms of our company's current situation, the price is still relatively appropriate, and it is better than getting nothing."

Li Mei frowned: "But our investment has reached 9.4 million gold shields! This has not included the value of the land itself. After selling this project, the remaining money of the company may not be enough to repay the loan and interest. They are taking advantage of the situation to rob!"

She originally agreed to the company to sell the land of Archibald Apartment as soon as possible, but Li Mochen somehow had something to do with Pearson Darby Spector, which made her look forward to it.

Li Mochen also understood her dissatisfaction. Although Xuri Company only had a two-year unsecured loan of 8.5 million gold shields, the interest rate was as high as 8%.

In other words, in fourteen months, they have to repay nearly 10 million gold shields with capital and interest.

Jessica Pearson's customer's offer was indeed a robbery.

"According to the contract, we can repay the loan in advance, so that we can avoid interest in the next year."

Cadylan Jebson smiled bitterly: "I guess I can talk to them about the price, and I guess there will be room for 1.5 million gold shields. This should be the most sincere buyer at present, so we'd better not miss it."

Li Mei immediately refuted: "But if we develop the property ourselves, even if we remove the costs, we can make a profit of more than tens of millions of gold shields."

"You are too naive, Mei!"

Cadylan Jebson shook his head: "The problem is that our Archbird apartment has now been converted into industrial land and cannot continue, right? In addition, we have to face Antonio of the Blood Hands. In this regard, Pearson Law Firm is afraid that it will not be able to help us. The Blood Hands at Atlanta is a mafia, and I understand their means. When Antonio starts to use any means, everyone in the company, as well as your family, may face threats."

"No need to argue, I'm going to sell this land. Of course, the price must not be 8 million. You can talk to them first."

Li Mochen interrupted Cadylan: "There is also overseas trade business. If you can do it, you will do it if you can't do it or force it. I am going to shift the company's next business direction to home appliance sales."

“Home appliance sales?”

The two people across the desk not only looked at each other, but looked like they wanted to speak but stopped.

Home appliance sales are an industry that Rising Sun has never entered before.

Li Mochen was not surprised by the expressions of the two: "I understand your concerns. Rampant involvement in an untouched industry may lead to losses, but the business model I envision is an innovative, subversive, and should have quite broad business prospects."

Cadylan Jebson's expression was unanimous: "Can you explain it roughly? If it's convenient?"

He had to worry that the innovation and subversion mentioned by young people often meant random things.

"I call my plan a comprehensive store plan. Don't you think the current home appliance sales method is unreasonable and inconvenient? Sellers and agents of various brands are distributed in every corner of the city. People often need to travel one or two streets to compare their cost-effectiveness, and the after-sales service experience is also very poor."

Li Mochen explained in a straightforward manner: "But if there is a large enough comprehensive store that will bring together several high-quality electrical appliance brands to sell, provide one-stop service and almost affordable products?"

“Comprehensive store?”

Li Mei was stunned: "I think this should cost a lot of money?"

"It is impossible to open such a store in a commercial center and organize a supply of goods without a few million gold shields."

Cadylan Jebson thought: "But this business plan is indeed feasible."

"In the early stage, you don't need to open a commercial center. You can consider choosing the store location near large and middle-class communities with good security."

Li Mochen smiled and said, "I have carefully considered that a store like this is about 500 square meters, which is enough to concentrate several brands of electrical appliances. Including rent, decoration, personnel and security costs, air conditioning equipment, and various expenses, the cost is about 1.2 million gold shields to 2 million gold shields. After we sold the land of Archipold Apartment, the company's funds on the books should be enough to allow me to open six to seven such stores across Atlanta."

This comprehensive electrical appliance store plan has indeed been carefully considered. Compared with those deeply rooted traditional industries, the home appliance retail industry, which only started to emerge more than ten years ago, is far less powerful than the former. The resistance it faces will be much less than that of traditional industries.

“That is, I won’t pay back the loan for the time being, right?”

Li Mei's eyebrows were frowned again. As the company's financial director, she had to worry about Li Mochen's ambitious plan. It would cost a lot and exhaust all the financial reserves of the Rising Sun Company.

"Seven stores? Are there too many?"

Cadylan also expressed his doubts: "I admit that Amo's idea is a genius, but I think it's better to try the waters first in the early stages of the plan. This will make it easier for us to accumulate experience and clear up all aspects of relationships."

"That's because we don't have time. We must remember that there are more people in Atlanta than us. In the time we accumulate experience, others may occupy the entire market. And the money we owe to the bank, if we don't repay the money in advance, there will be hundreds of thousands of gold shields alone. It would be a loss to let them lie in the bank account."

Li Mochen patiently persuaded: "If I started from scratch and fought alone, I might choose a more cautious approach. But now, don't I have you? Although it is different from the previous import and export trade, there are always some similarities in any business behavior."

This is the value of Xuri Company. More than 20 loyal employees and have certain execution capabilities are enough to support his plan.

"As for government relations, there is no need to worry about it for the time being. Naisson Sports Group still owes me a promise. They will help us settle all the links in the government and let the police pay attention to our stores."

When Cadylan heard this, his eyes suddenly lit up and he fell into deep thought.

Li Mei hesitated and said, "But in just 13 and a half months, we have to repay nearly 10 million in loans."

"That's a year later."

Li Mochen smiled slightly: "As long as we can support enough sales in the next year, we can use the identity of a large channel dealer to gain strong bargaining power, and even ask the manufacturer for entry fees. So profitability is never a problem. Of course, this is just my guess. Before we start this plan, we still have to do a detailed market survey."
Chapter completed!
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