Chapter 605: Chapter 224: The Su and Qin Families to Cooperate on a New Era Franchise Store_3
"Yes!"
Su Zelin took the cigarette, lit it, and then affirmed.
"Uncle Qin, in just half a year, our New Era has opened more than forty franchise stores!"
"Moreover, some private owners have even invested a second or third time!"
"To be honest, the special supply of Yellow Crane Tower I brought back was given by a private owner. His first store only joined for half a year before he eagerly applied to open a second one because he made money. I approved it for him, and to show gratitude, he gave me a few packs of cigarettes."
Qin Daqing was delighted upon hearing this, "Haha, that’s good, that’s good!"
Su Zelin definitely wouldn’t lie to him. If he said money could be made, then it surely could be.
"However, we have a problem!"
Even though Old Su saw the business opportunity, he remained cautious.
"Dad, go ahead."
"As far as I know, currently, all of New Era’s franchise stores are opening in the big cities of the province. Can it work in a small place like Jianglan?"
"I personally think it’s not a problem. Just like you said, even in Jianglan, more and more people are learning to use computers and mobile phones. This piece of cake is getting bigger, and while many are nibbling at it, they are all private digital stores. If you open a New Era franchise store, I dare say others won’t be able to compete!"
Su Zelin answered without hesitation.
The target audience for New Era isn’t limited to just university students.
Back then, he only used the absence in the college market as a breakthrough and established a foothold through this field and then surrounded the city from the campus.
The main store in Lin’an isn’t even in a campus, yet its business is quite good.
"One of New Era’s goals this year is to delve deeper within the province, to open stores in small cities. Even if there are no franchise stores, each small city will gradually have a direct store. We are confident in becoming the best locally!"
Su Zelin’s explanation enthralled Su Jianjun and Qin Daqing.
"But..."
The rascal’s tone suddenly changed.
"But what?"
The two hurriedly asked.
"The approval for New Era’s franchises is quite strict. First, the funding must be sufficient, at least fifty thousand must be prepared first!"
Su Zelin said slowly.
"So much?"
Su Jianjun and Qin Daqing were startled.
"This money is not mainly for the franchise fee, our company’s franchise fee is not high. It goes mainly to the store’s construction and stocking. If you’re doing it, it must be the best, otherwise compared to other digital stores, there would be no advantage, and overly quaint stores might even damage the entire chain’s image. Fifty thousand is just the start, considering in a small city like Jianglan, the requirements have been appropriately relaxed."
"Second, you need to find a space big enough in Jianglan, at least three hundred square meters, in a high foot traffic area, a corner spot is better!"
"Third..."
"Fourth..."
"..."
Being in charge of approvals, Su Zelin was naturally familiar with the requirements for franchise stores and rattled off all the requirements, leaving the two elders stunned.
Su Jianjun frowned, "Is it that strict? Son, you are responsible for approvals, can’t the requirements be loosened a bit?"
"No way!"
Su Zelin spoke firmly.
"Dad, the company set these review rules not only to be responsible for the company but also for the investors. If these conditions are not met, approving the store might lead to losing money or not making a profit, essentially harming the investors and affecting the company’s image. Could I approve just anything? The owner’s second franchise store passed the approval not just because of a few packs of cigarettes but because their store application already met the conditions!"
After this explanation, Su Jianjun and Qin Daqing could understand.
Ultimately, the most crucial issue was still funding.
He did have some connections in Jianglan, addressing other issues shouldn’t be a problem.
Recently, he bought a couple of premises, causing financial tightness.
"No worries, I and your Uncle Qin will pull some strings and work it out, fifty thousand won’t be a problem!"
Su Jianjun gritted his teeth.
"Dad, how about this. Although the company has its rules and I have to act accordingly, it’s not entirely without leniency. How about if you really plan to do this, I’ll privately lend fifty thousand to make the store better and at least over five hundred square meters!"
Su Zelin smiled.
New Era had taken a bank loan of twenty million, and once that money entered the company’s account, even a big boss like Su Zelin couldn’t move it as he wished. However, over the years, he had dividends and savings of his own.
Moreover, the Financial College store and Zhejiang University store were personally invested, so later he signed an agreement with Brother Xiao Yang to exclusively enjoy the profits, putting the earnings into his wallet.
"Zelin, you’re lending us fifty thousand?"
Qin Daqing was a bit shocked.
That’s fifty thousand, not five thousand!
The neighbor’s kid could face this calmly.
How much money had he actually made?
Su Jianjun wasn’t surprised.
With Su Zelin’s stock investments and how he occasionally tricked his old man, it certainly added up to more than fifty thousand.
Old Su suspected that both he and his son were close to being millionaires themselves.
This time, Su Zelin wasn’t tricking his dad; he genuinely intended to help.
After recently buying property with a bank loan, getting another might not be easy. Even if possible, it would be limited. It might barely meet the funding requirements, but Su Zelin believes it wouldn’t be sufficient.
Since it’s going to be a franchise store for his dad and Uncle Qin, it shouldn’t be too stingy. If it’s too small, they won’t capture much of the market potential.
He could opt to buy shares, but doing so would lower Uncle Qin’s share, so Su Zelin chose to lend the money as a gesture of goodwill to boost confidence.
As he dared to lend this money, it indicated confidence that opening a store in Jianglan was inevitably profitable and would be repaid sooner or later.
"Yes, fifty thousand!" Su Zelin asserted confidently, "Of course, I will charge a little interest, just equal to the bank’s commercial interest rate!"
Su Jianjun silently gave his son a thumbs up.
The lad finally wasn’t tricking his dad and even made a good impression in front of his future father-in-law.
Qin Daqing was naturally very grateful to Su Zelin for this "using another’s resources to lay eggs" move.
When someone is willing to lend you such a huge sum, if you still don’t dare to do a franchise, that would be just too timid.
However, he would still need to discuss with Liu Sufen. The couple had talked about changing industries, hearing that Su Jianjun also planned to transition and set up a stall together with their family, and Liu Sufen had agreed.
However, the investment exceeding the budget significantly needed further discussion with his wife. He could only proceed once she nodded in agreement.
Qin Daqing was quite excited.
All the businesses he had run so far were small scale.
If he could get this large-scale New Era franchise up and running, he’d finally earn the genuine "Boss Qin" title from others.
Just then, Qin Shiqing came downstairs from the Su family kitchen, cleaned up and ready. As soon as she appeared in the courtyard, both Su Jianjun and Qin Daqing simultaneously extinguished their cigarettes.
Only the rascal desperately puffed a few more times until the cigarette was snatched away by the girl and thrown away.
"Qin Shiqing, what are you doing? This is special supply smoke, very rare!"
Watching his precious Yellow Crane Tower being stepped out by his childhood sweetheart, Su Zelin’s heart ached.
"Special supply or not, all cigarettes are harmful to health!"
Qin Shiqing stood with her hands on her hips.
"Meddling in others’ business!"
Su Zelin grunted.
"Say that again, are you looking for a fight?"
"Ouch, let go, my ear is going to fall off!"
"Not letting go, let’s see you try sassing me again!"
"..."
Watching the two kids perform their antics in the courtyard, the two elders exchanged a knowing smile.
Besides Zelin’s mom, only Qin Shiqing could slightly rein in this unbridled wild horse.
Others just couldn’t manage him!
...
