244: Chapter 244 Su Yang's Change of Mindset! Isn't 3% interest just free money?

Su Yang never thought about making exorbitant profits in the housekeeping industry.

Meijia Housekeeping could perfectly maintain a very low profit margin in the long term!

What he valued most was the number of employees the housekeeping industry could potentially develop.

As well as the influence it might bring over high-end customers in the future.

Including some membership bundle services that might appear in the future.

So, how much salary these housekeeping practitioners can earn mainly depends on their own efforts!

Su Yang also had no intention of exploiting them.

After Yulong Technology was acquired by Jufan Holdings, it also began to prepare for relocation, planning to move to Hyatt Plaza.

To save on rent, the office building where Yulong Technology was previously located was quite old and remote.

The office space was also relatively narrow, with thirty employees squeezed together!

Especially those programmers squeezed together; it was truly smoky and hazy, like being in a fairyland!

Even the office of their boss, Shang Guibing, was very simple.

For the sake of convenience in management, for future expansion, and also to provide a better office environment for employees, the relocation of Yulong Technology was imperative.

Jufan Holdings quickly rented an office in Hyatt Plaza, and this time, the property management of Hyatt Plaza even gave some discounts on the rent.

Jufan Holdings was now a VIP client, after all!

August 29th, 9:55 AM.

Tian Hanxiong, a customer manager from Longyin Bank who had dressed up carefully, arrived at the general manager's office of Jiuxiang Catering led by the front desk, and met Chen Li and Ji Guoxiong who were chatting with two other guests.

When he saw these two guests, his eyes narrowed!

A middle-aged man who was also dressed in a suit and leather shoes smiled and said: "Oh~ Manager Tian, I didn't expect Manager Chen to invite you too?"

Tian Hanxiong nodded helplessly: "Manager Zhao!"

"Old Xu, this is Tian Hanxiong, a customer manager from Longyin!" Manager Zhao introduced with a smile, "Manager Tian, this is Manager Xu Cheng from Le'an; both of them can be considered our seniors."

Tian Hanxiong greeted: "Manager Xu!"

Xu Cheng smiled and nodded: "I know you, Manager Tian, I've heard you are very capable!"

"Manager Tian, please sit!" Chen Li greeted with a smile, "We were just waiting for you!"

Tian Hanxiong said helplessly: "I didn't expect you to invite people from other banks too!"

After meeting Chen Li at the coffee shop last time, he had roughly checked Jiuxiang Catering's financial statements when he went back... and then he was attracted by the scale and development speed of Jiuxiang Catering!

The current general environment of the catering industry is not very good, and many giant catering chains have stores closing down.

Yet, the Jiuxiang Hotpot Chain under Jiuxiang Catering could buck the trend, developing into a local giant hotpot chain in Rongcheng within just one year, and also gained a firm foothold in Shancheng, developing over forty stores.

And it was over forty stores, all of which were direct-operated stores!

Tian Hanxiong certainly understood the difference between direct-operated stores and franchise stores.

The difficulty of running direct-operated stores is much harder than franchise stores; it requires the company to have strong management capabilities and also requires the company to pay high management costs!

Tian Hanxiong had also eaten at Jiuxiang Hotpot Restaurant; the taste was truly excellent, and the service was also quite good.

But he didn't expect that Jiuxiang Hotpot Restaurant had developed to such a degree!

In Tian Hanxiong's view, the Jiuxiang Hotpot Chain definitely had the potential to develop into a national giant.

However, he had to admit that Jiuxiang Catering was a bit unique!

If they opened up franchising and invested more in advertising and marketing fees, it is estimated that the number of franchise stores could exceed two hundred, and it would not be impossible for the company's profits to double!

At the current stage, opening a hotpot restaurant by oneself is not as profitable as teaching others how to open a hotpot restaurant.

And it's not easy to lose money... those who lose money are the franchisees!

As for the Weimeijia brand under Jiuxiang Catering, it also made Tian Hanxiong very concerned.

With over a dozen Weimeijia branches, the average monthly profit per store is nearly 100,000, which can provide Jiuxiang Catering with over a million in profit every month.

The scale is not as good as Nine Fragrance Hotpot, but it is definitely a high-quality potential stock!

Then he checked the other companies under Jufan Holdings that Chen Li had mentioned to him, and quickly noticed Jiuxiang Food!

He didn't have the financial statements of Jiuxiang Food, and Jiuxiang Food was not a listed company, so its finances could not be public, but from its scale and extremely excellent online reputation, one could conclude that this newly emerging snack brand was also a very excellent company!

Banks are afraid that small and micro-enterprise owners won't be able to pay back money when lending to them.

But when lending to official enterprises, large companies, or medium-sized enterprises with obvious development potential like Jiuxiang Catering, banks are very proactive and enthusiastic.

Three million in net profit per month, lending tens of millions is not a problem at all!

But he didn't expect that Chen Li had actually invited customer managers from other banks!

"Mainly because these banks all have cooperation with the parent company!" Chen Li smiled and said, "So I invited them when inquiring about the loan."

Manager Zhao smiled and said: "Jufan Holdings uses our bank's cards to pay employees' salaries, and the account opening bank is our bank!"

Manager Xu said: "Jiuxiang Food has a loan from our bank!"

Initially, when Jiuxiang Food acquired several companies with liabilities, the lending bank was the one where Xu Cheng worked.

Seeing that everyone had arrived, Ji Guoxiong suggested: "Shall we go see our boss together?"

"Okay!"

"I've long wanted to meet this legendary Boss Su!"

"Let's go!"

The three bank customer managers also stood up one after another.

Not long after, they met Su Yang and CFO Guo Xueqin in the Jufan Holdings office.

Su Yang also greeted them quite politely and chatted with them.

They mainly talked about the reasons for Jiuxiang Catering's loan, and also discussed the possibility of other companies like Jiuxiang Food, Spark Media, and Fengyuan Ingredients needing loans in the future.

Originally, Su Yang was not very active about loans, but Chen Li was quite concerned about his desire for loans!

Subsequently, Su Yang discovered that the people around him didn't seem to be resistant to loans.

CFO Guo Xueqin and Ji Guoxiong both believed that appropriate loans were better for the company's development.

Just because the company isn't short of money now doesn't mean it won't be in the future!

Borrowing more money from banks, building up credit limits, will allow them to borrow more money and strive for more discounts in the future!

Currently, the finances of the companies under Su Yang's name were too healthy; apart from Jiuxiang Food, other companies had no liabilities at all!

Once Su Yang heard that the interest rate for current business loans might be 3%, he had some ideas.

He had thought that the interest rate for bank loans would be very high!

At just 3% interest, what is the difference between this and giving him money?

He was actually not very resistant to taking out loans from banks.

Over the past year, his mindset had changed more or less.

When he acquired several food factories initially, he specifically targeted those with liabilities to acquire!

Even if Jiuxiang Catering could only borrow 30 million, just a "monthly income" for now, that was still a pretty good sum of cash.

The main point was, if Jiuxiang Catering could borrow 30 million, couldn't Jiuxiang Food, Spark Media, Fengyuan Ingredients, and Spark Fitness also borrow 30 million?

Wouldn't that add up to 150 million?

With these loans, he could put his own cash flow into other industries!

It would be equivalent to the System giving him 150 million in advance, only charging him 3% interest!

Isn't this a good thing?

Therefore, the somewhat tempted Su Yang decided to test the waters with Jiuxiang Catering first!

Of course, his mindset was that it would be good if he could get a loan, and it didn't matter if he couldn't.