Chapter 210 Buy It? Forty Percent?

Pei Qian was stunned. "Huh? Bought them? Forty percent?"

A rough calculation showed that this meant he'd bought at least sixty shops!

Assuming an average price of 600,000 per shop, with a 50% premium, that's 900,000. Sixty-some shops…close to sixty million!

Pei Qian was perplexed. "When did I give you that much money? I only gave you ten million for buying the farmers' market, right?"

The farmers' market chosen for the snack street was about 1,700 square meters. Because of its remote location and poor environment, the price wasn't high, only about four thousand per square meter. When Tengda wanted to buy it, the price went up slightly, and the total price was finally more than seven million.

Including renovation and other miscellaneous expenses, Pei Qian gave Liang Qingfan a little over ten million yuan as a gesture, only wanting it to be more, not less.

But it couldn't be sixty million more!

Liang Qingfan said, "President Pei, didn't you call me before and ask me to look for a new building? I asked you if shops would work, and you said yes."

Pei Qian: "???"

He was silent for a moment, then said, "If I remember correctly, I asked you what kind of location the shops were in, and you said they were in a relatively remote location, and the potential for appreciation couldn't be guaranteed."

Liang Qingfan nodded. "That's right. Isn't this location remote enough?"

"And what I actually said was: the potential for appreciation cannot be guaranteed, but it should be okay."

"If there was absolutely no potential for appreciation, I wouldn't have applied for funds to buy them."

Pei Qian was speechless.

This damn…

I allowed you to buy shops, but I didn't tell you to buy them in this kind of place!

Pei Qian hurriedly and silently summoned the system, and pulled up the list of fixed assets he currently owned, or rather, the fixed assets owned by the company as recorded by the system.

[Fixed Assets: 272.83 Million]

[Details:]

[One Mingyun Mountain Villa commercial and residential villa (9.8 million)]

[12 units in Building 1 of City Dawn (42.77 million)]

[77 units in Shundong Garden commercial and residential building (24.71 million)]

[A total of 32 units in Building 8 and Building 9 of Binhu Community (28.18 million)]

[30 units in Building 5 of Jindihua Court Community (72.69 million)]

[24 units in Building 3 of Huaxin Mountain Language Community (25.80 million)]

[Old Industrial Zone Farmers' Market (7.6 million)]

[62 street shops in the Old Industrial Zone (61.28 million)]

Jindihua Court Community was the first building bought under the Sloth Apartment 2.0 model, and Huaxin Mountain Language Community was the second building under the Sloth Apartment 2.0 model. The location was relatively remote, so the price was much cheaper.

When he was short of money before, Pei Qian originally planned to sell the entire Huaxin Mountain Language Community building that had just been renovated, but he failed, so it was still in his hands.

After the information in the last column, "62 street shops in the Old Industrial Zone," there was also detailed information that could be expanded to view the specific information of each shop.

After clicking on it and glancing at it, Pei Qian finally remembered.

For a while before, the system did prompt some information about the purchase of shops.

But the information displayed at that time was not "62 street shops in the Old Industrial Zone," but the specific names of these shops!

If there were the words "Old Industrial Zone," Pei Qian might have been a little more alert.

But unfortunately, there weren't.

After all, when Liang Qingfan signed contracts with the owners of these shops, he signed them one by one, and the system naturally recorded them one by one.

After all the contracts were signed, the system put together a collection and displayed it together.

Because there was too much information about fixed assets, Pei Qian usually kept it hidden and didn't bother to look at it.

As for when the information was first refreshed, Pei Qian had forgotten what he was doing at the time. He might have been playing a game, or he might have been watching a drama.

In short, he saw a batch of strangely named shop names flash by, and the price of each shop was not high, only a few hundred thousand, so he didn't think much about it.

And the system only refreshes the information once when fixed assets are first purchased, and then refreshes the information at the time of settlement. It doesn't refresh in between.

Because the value of these fixed assets is constantly changing slightly, sometimes up and sometimes down. If it was always displayed, Pei Qian would see these numbers floating in front of his eyes every day, which would be too annoying.

Therefore, Pei Qian did not accurately grasp the specific information of the fixed assets until now.

Seeing the number 270 million, Pei Qian felt a little headache.

Buying buildings is a one-way street, how did I end up with so much without realizing it!

Moreover, every time I see these numbers, they only seem to go up, not down.

What a sad story.

This also takes into account the fact that the expansion of Sloth Apartment was slightly interrupted.

Pei Qian had originally planned to let Sloth Apartment buy buildings in the remote areas of the imperial capital and the magic capital, but it happened that Liang Qingfan went on vacation at that time, so this matter was temporarily put on hold.

After Liang Qingfan came back, Pei Qian temporarily came up with the idea of ​​creating a snack street. In addition, at that time, Finger Company and Longyu Group were engaged in a money-burning war, and Tengda's funds were a little tight, so the plan to buy buildings in the imperial capital and the magic capital was shelved.

Even so, Tengda's fixed assets have reached 270 million, and it is about to move towards the 300 million mark!

Headache.

The initial system funds for this month are 50 million, and 270 million in fixed assets translates into 27 million in system funds, which means that the amount of system funds available for Pei Qian to carry out loss-making operations is still 23 million.

Even if the system funds are cleared, only 2.3 million in personal property can be converted.

Okay, it's not completely unacceptable.

Since I've already bought them, what else can I say?

Think of the good side, at least it ate up a large sum of money and reduced the pressure of losses.

Strictly speaking, these shops were bought in accordance with Pei Qian's requirements. The location is remote, and the price is moderate. The only problem is that they happened to connect the snack street and the Thriller Hostel…

The appreciation in the next few years, I'm afraid, is inevitable.

Since things have come to this, Pei Qian has nothing to say, but he still has one last question: "How could 40% of the shop owners choose to sell?"

Logically speaking, knowing that Tengda is going to make a big move nearby, shouldn't they firmly grasp the shops in their own hands and ask for exorbitant prices?

Or should they only rent and not sell?

Speaking of this, Liang Qingfan instantly perked up and straightened his back.

"Indeed, I encountered a lot of difficulties when buying these shops."

"Many shop owners asked for exorbitant prices, either refusing to sign long-term contracts, or wanting to increase the rent by two or three times while signing long-term contracts, which is very outrageous."

"I certainly can't be a sucker!"

"So, after President Pei approved the funds, I gave these shop owners an ultimatum: either sign a ten-year long-term contract and sign a long-term rental contract based on the current rent plus 50%; or sell to us at a 50% premium on the shop price."

"If they don't accept either of these, then I will re-plan the route of the food street and bypass these uncooperative shops!"

"So, the food street route that President Pei is seeing now is the re-planned one. Those shops that are deliberately bypassed are basically shops that ask for exorbitant prices and refuse to cooperate."

"As for the remaining two options, there is actually a reason to choose either one."

"The rent-to-sales ratio of shops is basically around 1:300. Even if a shop with a monthly rent of 2,000 increases by 50%, it will only collect a rent of 3,000 per month. Moreover, the contract is signed for ten years and the rent cannot be increased at will, so the rent is not actually that much."

"And if you sell the shop, the same shop will increase from 600,000 to 900,000, and you can get this money immediately."

"Money has a time value. A 50% increase in price now is definitely more cost-effective than a possible increase of more than 50% in the future. What's more, this is cash that can be used for investment immediately. As long as it is operated properly, the long-term income may even far exceed the principal, which is more cost-effective than earning a little more rent."

"Some shop owners plan to use this money to operate, and some shop owners simply need money and are eager to use this money to buy a house or circulate funds."

"Of course, some shop owners are more pragmatic and can't figure out this account, so they sign long-term rental contracts for the sake of stability."

"These are all their personal choices after weighing the pros and cons. For us, the two options are actually similar."

Pei Qian nodded.

Okay, he doesn't really understand these things anyway. Since they have already been bought, there is no need to worry about these things anymore.

The snack street will officially open the day after tomorrow, and Pei Qian doesn't plan to come.

Because whether he comes or not, the result is the same. The snack street will definitely be packed.

As long as it doesn't make money.

Pei Qian looked at his watch. He had originally planned to leave an hour ago, but he unexpectedly took a detour to the snack street and was stabbed several times.

Let's go back. It's time to use food and sleep to comfort his injured heart.

Or rather, is it the injured back?

Forget it, it's all the same.

After letting Xiao Sun drive the car over, Pei Qian got in the car and left.

Watching President Pei leave, Zhang Yahui and Liang Qingfan also started walking back.

Zhang Yahui sighed: "President Pei's emotions are not revealed, and I can't tell whether he is satisfied with the snack street or not."

Liang Qingfan corrected: "What you said is not quite accurate. President Pei's emotions are not revealed, but his expression does not seem to be consistent with his true thoughts."

"Based on past experience, President Pei is more optimistic in adversity and more vigilant in prosperity."

"Seeing him looking worried, it mostly means that our work has been done well, right?"

"At least it shows that there is no problem in the short term, and even if there are shortcomings, they are problems that need to be considered in the future."

Zhang Yahui breathed a sigh of relief: "I see, that's good."

"I haven't been a manager for long, and I used to just run a stall selling roasted cold noodles. As soon as I started, I took on such an important task, and it also involved site selection, design, and decoration, fields that I have never been exposed to. For the past few months, my heart has been hanging, for fear of not doing well."

"Now that I know that President Pei is quite satisfied, I am relieved!"