167: Chapter 167 Wei Mei Jia's business is doing well! Hong Yu Law Firm!

Chapter 167: Weimeijia's Business is Booming! Hongyu Law Firm!

The monthly rent for Su Yang's three Weimeijia stores was around forty thousand yuan.

Each store had ten employees, with monthly salary expenses totaling about sixty thousand yuan per branch.

Adding in utilities, it was at least another ten thousand!

The cost of various ingredients was roughly 30% to 40%.

Then there were other logistics, advertising, and operational costs!

In other words, Su Yang needed each store's monthly turnover to reach at least two hundred thousand yuan to break even.

And this didn't even include the central kitchen staff!

If five hundred people visited a store daily with an average spend of 15 yuan,

that would be seven thousand five hundred a day, or about two hundred and thirty thousand over thirty days.

Even if business was slower on weekends, it would be enough to cover the store's maintenance costs!

Judging by the operations of the three Weimeijia stores, some had already reached a daily turnover of ten thousand yuan in recent days.

After all, Weimeijia was open for breakfast, lunch, and dinner, and offered delivery services.

An Yukun, Dai Danian, and Zhan Yuxiao—the general manager and deputy managers of Weimeijia—were all in excellent spirits.

The employees of the entire Weimeijia subsidiary were also highly motivated!

Su Yang had carefully selected the locations, and the food tasted better than any Chinese fast food on the market; if he couldn't get five hundred customers a day, he wouldn't have bothered opening!

As for the central kitchen, it was bound to lose money in the early stages.

But as long as the number of stores and turnover increased,

it would save Weimeijia a significant amount in costs.

Su Yang could now be considered a man of great property and wealth; with a monthly cash flow of nearly twenty million, he could rival many tycoons worth hundreds of millions!

He could fully afford the initial losses!

Emmm... he lost so little it barely registered.

In truth, ten employees per store was definitely a bit redundant.

However, this was An Yukun's intention, and not because they had realized their boss's 'preference.'

It was for the sake of training staff.

Because the three stores had performed well over the past few days,

An Yukun and the others were itching to do something big!

In the coming days, they would continue to pack the three stores with new employees.

On Ji Guoxiong's side, he also dispatched over a dozen employees from the Market Expansion Department to help Weimeijia scout for suitable store locations.

Regardless, it was already difficult for them to find suitable locations for hot pot restaurants in Rongcheng.

Once things settled down slightly, Su Yang finally asked President Yu about Chen Xiaoxiao.

He had been incredibly busy lately; since Chen Xiaoxiao joined Spark Media, Su Yang hadn't even seen her.

Chen Xiaoxiao's transition into Spark Media had gone quite smoothly.

After dissolving her personal studio a few days ago, she brought over her editor and photographer.

The abilities of the two young editors and photographers barely met the standard.

As long as they studied diligently, it wouldn't be too hard to improve their skills.

President Yu had thus accepted them into Spark Media.

Out of respect for Chen Xiaoxiao and Su Yang, she also let them skip the probation period.

Previously, their monthly salary was four thousand; after joining Spark Media, their monthly salary started at six thousand.

It wasn't that Chen Xiaoxiao was cold-hearted; there were actually many employees in the industry who didn't even make four thousand.

Chen Xiaoxiao had been running a personal studio, not a large corporation!

The salary she paid her staff was actually quite decent, and she even provided social security.

She wasn't a top-tier influencer, just an influencer with a decent income!

Without a powerful MCN Company behind her, most of the orders Chen Xiaoxiao received were from private contacts.

Occasionally, she'd get scraps that other MCN companies didn't want, handed to her only for the sake of a kickback.

If the studio made thirty thousand a month, Chen Xiaoxiao would thank the heavens.

Upon arriving at Spark Media, Su Yang generously gave her a base salary of ten thousand, making her incredibly happy.

This was a surprise; Su Yang hadn't mentioned it to her!

Su Yang also learned that Chen Xiaoxiao was getting along well with Xia Jingshu, who was also a food blogger at the company.

So, Su Yang had Jiang Yuzhen call Chen Xiaoxiao over.

Since Chen Xiaoxiao had come to join him, it was only right for him to meet her.

“Hello, President Su!”

Chen Xiaoxiao bowed respectfully to Su Yang.

But when she looked up, her curved, clearly smiling eyes and the upturned corners of her mouth made Su Yang almost lose his composure.

Chen Xiaoxiao's face was still round and cute.

Just like before, she was a bit chubby.

Su Yang couldn't help but say, “It's been so long, and I see you haven't succeeded in losing weight!”

Chen Xiaoxiao said somewhat aggrievedly, “President Su, can we not bring that up?”

“Alright!” Su Yang smiled and pointed to the chair opposite him. “Take a seat!”

“Okay!”

Chen Xiaoxiao also took a moment to look Su Yang over and realized that in just over half a year, Su Yang's transformation was truly massive.

Before, Su Yang was just a cold, handsome guy and a hot pot restaurant owner.

But now, he not only owned several companies, but he had also become more refined and charming.

He was also more imposing.

He had the aura unique to a big boss!

Standing before Su Yang, she couldn't help but feel nervous.

Chen Xiaoxiao truly understood the meaning of the saying 'seeing someone in a new light after a brief absence'!

To be honest, she felt a bit of regret again.

If she had known Su Yang was this capable, she definitely would have gone all out to pursue him back then!

But now, thinking about the flock of beauties at Spark Media, it seemed a bit late!

Seeing Chen Xiaoxiao sit down properly, Su Yang asked kindly, “Are you adjusting well to the environment at Spark Media?”

“I am, very much so!”

Chen Xiaoxiao nodded repeatedly.

She had adapted to Spark Media's welcome perfectly.

Since coming to Spark Media, she didn't have to worry about anything!

Whether it was video planning, packaging, promotion, or commercial development, there were professional staff members to assist her!

She didn't need to spend every day in deep anxiety, racking her brains just to come up with one good idea like she used to.

As someone who was terrible at math, she no longer had to constantly calculate the studio's income, expenses, and balance.

She didn't have to work hard to contact clients or please managers of other MCN companies...

Especially since she was also getting a base salary of ten thousand!

And as soon as she arrived at Spark Media, she was given several profitable promotional orders!

With no great pressure on her, joining Spark Media was like coming to heaven... so easy!

“That's good,” Su Yang said warmly. “If you have any reasonable problems or needs, you can talk to President Yu. If she can't handle it, you can also come to me.”

“Okay!”

After chatting with Chen Xiaoxiao for a bit longer and seeing her loyalty increase significantly,

Su Yang let her leave.

Once Chen Xiaoxiao left, Su Yang reviewed some new influencer recruits and then finished his work for the day.

Now that each Market Expansion Department employee in Mountain City had only one extra live stream connection opportunity left, they indeed started to become more cautious.

Su Yang's daily workload began to decrease sharply.

Previously, he might have had twenty live stream connections a day; now it was fewer than ten.

Fan Jinding also brought good news to Su Yang; he had found another suitable law firm.

A few days ago, Fan Jinding had introduced a corporate-style law firm to Su Yang.

However, that law firm's equity was quite fragmented, and the asking price was high.

It would have been a hassle to acquire, so Su Yang temporarily put it on the back burner.

Hongyu Law Firm had been established for over four years and had a certain level of popularity in Rongcheng.

It had over forty employees, including nineteen practicing lawyers.

Last year's annual profit was about one million yuan.

Hongyu's owner, Xu Hongyu, was also a professional lawyer.

His ability was average, and his success was also fairly mediocre.

But he was considered a veteran among Rongcheng lawyers, and his industry connections were decent.

However, Xu Hongyu's health had been poor in recent years, so he intended to retire.

Fan Jinding was able to contact Xu Hongyu because they were alumni!

Xu Hongyu was Fan Jinding's senior.

“How much does he want to sell it for?”

“He wants to sell a seventy-five percent stake for eight million. I've asked the other shareholders in the firm for their opinions; as long as the price is right, they're willing. However, the law has certain restrictions on law firm shareholders; they must be lawyers with three years of practice experience!”

“That's not bad then!” Su Yang added, “Do you think this price is reasonable?”

“I'd say it's quite reasonable,” Fan Jinding said with a smile. “Generally, the valuation of a law firm is calculated at eight to ten times the annual profit. But if you like it, Boss, we can negotiate slowly.”

“Mm.”

Su Yang nodded, knowing Fan Jinding wasn't lying to him.

An annual profit of one million was something Su Yang was quite satisfied with.

If he had enough capital, he would naturally prefer to buy companies that were already profitable.

The price was just a bit high, often with a premium.

But for the current Su Yang, he wasn't exactly short on money anymore.

If he waited any longer, more than half of this month would be over.

Su Yang thought for a moment and asked, “If Xu Hongyu leaves, will it affect the law firm's business?”

In the legal profession, networking and relationships are always extremely important.

“The impact won't be significant. Xu Hongyu hasn't taken on many cases in recent years because of his poor health; the firm is managed by General Manager Liu Fengshan,” Fan Jinding replied. “Several lawyers within the company are quite capable and can fully support the firm.”

“Then let's have a good talk!”

Su Yang was already somewhat interested in Hongyu.

Corporate-style law firms in Rongcheng were actually as common as cow hairs, but most were partnership-based.

And many were small-scale, with only three or four people!

Corporate-style law firms were relatively rare, and those that met Su Yang's requirements were even rarer!

“Alright!”

Fan Jinding was immediately delighted to see his boss interested in Hongyu.

He felt a bonus was in sight!

The next day, Fan Jinding brought Su Yang to Hongyu Law Firm.

Hongyu Law Firm wasn't large, about two hundred square meters, and didn't look much different from an ordinary company.

However, the lawyers and staff inside were all dressed very neatly.

Many were wearing formal suits, looking like a group of elite professionals.

In Hongyu's office, Su Yang met Xu Hongyu and Liu Fengshan.

Xu Hongyu was in his forties, but his hair was already graying, and his complexion was sallow and puffy; he didn't look like he was in good health.

Looking at his state of mind, he wasn't even as energetic as a seventy-year-old retiree exercising in the park every day.

But when he shook Su Yang's hand, he still squeezed out a smile.

Liu Fengshan was also in his forties, about 1.7 meters tall.

He had a thin build, an aquiline nose, thin lips, prominent nasolabial folds, and a pair of sharp eyes; he looked like someone not to be trifled with.

But when he saw Su Yang, he also showed a kind smile.

He knew very well that Su Yang might be his boss in the future.

There were also two other middle-aged lawyers, Zhou Jianjun and Guo Shuda; like Liu Fengshan, they were also shareholders in Hongyu, though their shareholdings were relatively small.

They were also the main pillars of the company's performance!