50: Principal Wang's feedback!
Leaving aside everything else, a minimum annual profit of 30% is an incredibly simple matter for Wang Lin.
However, considering the Drawer Agreement, the assistance the other party could provide, and the profit commission from the Private Equity Fund.
But actually, the profit commission is the least noteworthy thing in Private Equity Funds; it's what's openly displayed.
Look at how Zexi Investment operates, colluding with other Public Funds and Private Equity Funds, along with listed company management, to jointly exploit Retail Investors.
This is the correct way to play Private Equity.
Wang Lin accepted this small deal.
In other words, he would gain the right to use 300 million yuan in funds and then pay the school a minimum of 90 million yuan annually.
With no upper limit.
And in return, receive the school's protection.
Of course, this is the most straightforward, most basic principle.
One certainly cannot put it that way.
At the very least, Wang Lin was quite comfortable at school, and the school had helped him a lot.
Wang Lin looked at the agreement in front of him, smiled, and changed a few numbers: "I can accept the school's 30% annual profit, but I think you don't need to be so rigid. Limiting yourselves to 30% isn't that a bit petty?"
"We can implement a tiered profit-sharing system. If only 30% profit or less is achieved within a year, I will make up the difference to 30% profit!"
"However, after exceeding 30% profit, I want my company's commission to increase to 50%!"
"At least half of the profit, that's my rule!"
The Principal was stunned, looking at the spirited young man before him.
Good kid, what spirit!
The Principal pondered for a moment and said, "Alright, I agree!"
Being able to provide the school with an annual income of up to 90 million yuan, and it's a guaranteed minimum, possibly even higher.
What's there to be dissatisfied with when the other party requests a 50% profit commission?
It must be satisfied!
Not only this must be satisfied.
After the contract was signed, Principal Wang immediately arranged for the finance department to transfer the funds.
He also asked with concern, "I heard your company is currently only renting space in a residential building? How can that showcase the demeanor of our school's outstanding students?"
"Old Mian, I remember there are several vacant storefronts outside our school, near the Science and Technology Building, right?"
Department Head Mian Zhong was surprised; he knew those storefronts.
They were all public property of the school, with extremely high commercial value and excellent geographical location.
Originally, they were intended to respond to the call to be used for college student entrepreneurship.
Unfortunately, the university students at these schools were too busy having fun; who would think of starting a business?
And even if they did start a business, whose startup would need storefronts of this caliber?
At most, opening a snack bar or a milk tea shop inside the school would be impressive.
Or perhaps starting a food delivery service?
If these projects were to enter those storefronts, Principal Wang would probably be laughed to death by the principals of other schools.
Furthermore, relatives of other leaders also wanted to use these storefronts.
Unfortunately, Principal Wang deemed them unworthy and rejected them all.
He had always wanted to save these storefronts for someone destined to use them.
Now.
That destined person has finally appeared!
With an annual profit of 90 million yuan, and operating in a high-tech industry like finance, Principal Wang felt that if he didn't give these storefronts to Wang Lin, he would be letting himself down.
Principal Wang immediately waved his hand, "Old Mian, take Wang Lin later and finalize those storefronts. If there's any subsequent renovation or anything that our school can help with, make sure to help well!"
"From now on, we are family!"
Department Head Mian Zhong never expected that his department would actually produce a true dragon.
Earning 90 million yuan for the school annually, with no upper limit.
Damn it, with Wang Lin's help, Old Mian can also be confident now!
Mian Zhong quickly said, "Don't worry, Principal, it will be handled perfectly!"
...Wang Lin hadn't expected such a pleasant surprise.
Originally, Wang Lin didn't have any expectations for those few storefronts; they were just a few storefronts, what's the big deal?
But when Mian Zhong took him to see them, Wang Lin was somewhat stunned.
What the heck?!
Is this the power of a university?
The annual rent for these few must be over a million, right?
Just leaving them vacant like this?
So wealthy!
Mian Zhong also smiled and said, "For these storefronts, see what arrangements you have in mind. You can have the masters knock down walls to connect them, use them however you want!"
"And the nearby area is mostly financial Institutions like banks, securities firms, and insurance companies. Setting up your company here will definitely not lower its prestige!"
Wang Lin also nodded in satisfaction.
Indeed.
This kind of place looks like it's for finance.
And since it's free, this will do.
Once the storefront is set up, it will also be easier to recruit people.
Although Wang Lin wasn't at all worried about not being able to recruit people.
As the saying goes.
Good news doesn't travel far, but bad news spreads a thousand miles.
Wang Lin getting a few storefronts was good news, but for others who had coveted them for a long time, it was utterly disgusting news.
"Did you hear? The several storefronts outside the school were given by the Principal to a kid surnamed Wang!"
"What does he do that he could make the Principal give him these coveted spots?"
"Surnamed Wang? Could he be some relative of the Principal?"
"I heard he's in finance, and some say he's quite big."
"Damn, how big can he be? Someone in finance, it sounds like a scam. Are you sure they're not in cahoots?"
"Then I'll go inquire again!"
.
Wang Lin hadn't expected.
A mere small storefront with an annual rent of over a million yuan—well... at least for the current Wang Lin, a million yuan was indeed a small sum.
Such a storefront actually attracted the attention of countless people.
However, even if he knew, he wouldn't care. If Principal Wang couldn't even handle these matters, then using him as a backer would seem to be the wrong choice.
After taking a look around inside the storefront, Wang Lin called Leng Nuannuan and Li Yuanyuan over.
"Come take a look, how should this storefront be renovated? Our studio should also upgrade to a company and become legitimate!"
"I now have about 400 million yuan in available funds; it's time to expand!"
"We can also start pushing for the Public Fund license application!"
Hearing this, both of them looked incredibly excited.
They had thought their company was a shell company, but who would have thought that in such a short time, they had secured such an impressive storefront.
Isn't this more impressive than those small companies crammed into office buildings?!
And look at the companies next door, each one is a famous financial company!
Promising, absolutely promising!
Li Yuanyuan felt her dopamine secreting wildly, and her gaze towards Wang Lin became gooey.
She excitedly said, "Brother Lin, don't worry, I've long wanted to show what I can do. I just saw that our storefront is also very clean; it only needs simple renovation to be put into use. One month should be enough!"
Leng Nuannuan, however, looked at the place with some doubt and said, "This place, I think I've seen it on Tieba. Is it property of our school? And that funding, most of it is from cooperating with the school, right?"
Wang Lin smiled, "Nuannuan is indeed smart!"
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