Chapter 299 Chen Xiaofeng's Idea
"Crack"
A cry of agony echoed inside the room.
The solid wood chair in Qin Hao's hands had also fallen apart, and he threw it to the ground.
Wu Fuwei lay on the ground clutching his right leg, his face deathly pale, as large beads of sweat dripped from his forehead.
Lin Helai and the others' hearts quivered, and they sharply inhaled a breath of cold air.
Qin Hao now seemed anything but a company president—he was even more terrifying than gangsters.
Qin Hao looked towards Lin Helai and the others, "Does anyone else wish to detain me?"
The crowd forced a smile on their faces and hurriedly said, "Mr. Qin is joking, we have no such thoughts."
"Good if you don't. I advise you all, either sell your stores early or wait to be brought down by Jiangshan Roasted Duck. If anyone dares to play dirty with me, we'll just wait and see."
Having finished, Qin Hao left with Feng Xiangyi without so much as glancing at Wu Fuwei on the ground.
Qin Hao had given him a chance, and he didn't have the guts to call the police, so there was no need to worry.
Upon leaving Langjiang Hotel, Feng Xiangyi said with some surprise, "Qin Hao, you know kung fu?"
Qin Hao said with a smile, "Surprised?"
"The moves you pulled off just now were so cool, teach me sometime," Feng Xiangyi said, laughing.
Qin Hao nodded, "Mm, okay, I'll take you home first."
They got into the car, and just as they drove out of Langjiang Hotel, Feng Xiangyi's phone rang.
She answered the call, "Hello, who is this?"
Chen Xiaofeng's voice came from the phone, "Mr. Feng? This is Chen Xiaofeng, I'd like to talk with you and Mr. Qin.
There's a Mingxiang Pavilion Tea House not far from Langshan Hotel, shall we meet there?"
Feng Xiangyi turned her head to look at Qin Hao, who nodded, before she replied, "Mm, okay, we'll wait for you there, Mr. Chen."
The two of them checked online and saw that Mingxiang Pavilion Tea House wasn't far from their location.
Three minutes later, Qin Hao and Feng Xiangyi arrived at Mingxiang Pavilion Tea House.
They booked a private room and waited there for Chen Xiaofeng.
Soon, Chen Xiaofeng arrived, and smilingly said to Qin Hao and Feng Xiangyi, "Mr. Qin, Ms. Feng."
Qin Hao nodded, "Please have a seat, Mr. Chen."
Chen Xiaofeng sat opposite Qin Hao and started speaking, "I wanted to see you, Mr. Qin, to discuss a potential acquisition."
Qin Hao looked at him and smiled, "Mr. Chen is willing to sell?"
Chen Xiaofeng sighed, "It's not about being willing anymore. If I don't act now, it will be worth nothing in the end."
"Mr. Chen is indeed a wise man," Qin Hao said with a slight smile.
He was right, if he didn't sell quickly, when Jiangshan Roasted Duck establishments spread across Jianghai,
even if he offered his establishments for free, Qin Hao wouldn't want them.
Since one's own shops shouldn't be too close to each other, it would increase various costs and simply not be cost-effective.
With some hesitation, Chen Xiaofeng said, "Mr. Qin, Delicious Duck has sixty-eight stores under its banner, two medium-sized duck farms, and nearly a thousand employees.
For now, Delicious Duck's storefronts are not overlapping with yours. I can give them all to you, but I don't want money.
I want shares in Jiangshan Roasted Duck Company."
Qin Hao asked with a smile, "Mr. Chen, how much do you think your company is worth? How many shares do you want?"
Chen Xiaofeng thought for a moment and said, "Delicious Duck Company has sixty-eight direct stores in Jianghai.
Plus the franchisees, there are thousands nationwide, and with the duck farms, Delicious Duck Company has been valued at one hundred and thirty million by some."
Feng Xiangyi said indifferently, "Mr. Chen, you should be very clear about Delicious Duck's current situation, your company has already reached its ends.
It has begun to decline, and the sixty-eight stores plus two duck farms are worth only about ten or twenty million."
That national franchise, after the first franchise fee is paid, doesn't need to be paid again, so that's a one-time income.
Although it seems like Delicious Duck stores are all over the country, in reality, the Delicious Duck Company only received tens of millions in franchise fees.
Now that Delicious Duck franchises are everywhere, the market saturation has reached its limit.
Delicious Duck cannot possibly receive that much in franchise fees every year, and likewise, it's almost impossible for Delicious Duck to expand and open more stores.
Chen Xiaofeng saw through this point, which is why he wanted to sell to Qin Hao.
Hearing what Feng Xiangyi said, Chen Xiaofeng laughed somewhat awkwardly, "Mr. Feng, our Delicious Duck still has strong profitability.
Mainly, our company also has a batch of loyal customers."
Generally, when acquiring a company, one would look at the company's profitability.
But for Jiangshan Roasted Duck, that's completely useless, because after the acquisition, they won't be selling Delicious Duck, but Jiangshan Roasted Duck.
Jiangshan Roasted Duck Company is interested in Delicious Duck's store locations and numbers, not its profitability.
Qin Hao spoke up, "Mr. Chen, Jiangshan Roasted Duck only has one person with shares, that is the brother who started the business with me.
No one else has any, and if you want shares, it's simply not possible.
At the end of the year, I will conduct evaluations. For employees who have made significant contributions to the company, I will grant share rewards. Mr. Chen, if you're willing, you can join our Jiangshan Roasted Duck Company."
Feng Xiangyi and Chen Xiaofeng both froze upon hearing this, share rewards? Experience more content on My Virtual Library Empire
A flicker of excitement passed through Feng Xiangyi's heart, as the deputy director of Jianghai District, it was quite possible that she would receive shares at the end of the year.
Now Jiangshan Roasted Duck Company was thriving day by day, and the shares would definitely become even more valuable in the future.
Qin Hao continued, "Mr. Chen, I've said all I have to say, if you're thinking of selling your stores, please discuss the details with Mr. Feng.
I hope you can make a decision quickly. Our Jiangshan Roasted Duck's expansion will not stop. When the time comes, if there is a conflict between our stores, even if you wanted to, we wouldn't take them."
...
Qin Hao first dropped Feng Xiangyi off at the foot of her residential building.
"Aren't you coming up?" Feng Xiangyi asked him.@@novelbin@@
Qin Hao, "It's so late, and my aunt and uncle are there too, so I won't go up. What time is Wan Rou's flight in the morning?"
Feng Xiangyi, "It's a 6:30 AM flight."
Qin Hao, "Alright, I'll come over in the morning."
Feng Xiangyi looked at him and asked, "You didn't tell Wan Rou about what you saw, did you?"
Qin Hao felt a bit awkward when she brought up that incident, "No."
Feng Xiangyi sighed with relief, "That's good, no one other than you can know about this matter."
Qin Hao hesitated slightly before saying, "Auntie, I think you should find a boyfriend."
Feng Xiangyi replied, "But I can't just find anyone, right? What if they just play with me and then dump me afterwards?
Besides, I haven't met anyone who satisfies me, except you."
Qin Hao was taken aback, "Auntie, what do you mean?"
Feng Xiangyi leaned toward Qin Hao's side and quickly gave him a peck.
With a smile on her face, she said, "Auntie says she likes you, how do you feel, are you moved?"
Qin Hao swallowed and said, "Auntie, this isn't right."
Feng Xiangyi's expression turned serious, "Nonsense, of course it's not right. I'm just testing your loyalty for Wan Rou. To see if you would be seduced by other women, your performance was mediocre. Remember, next time when you encounter such a situation, push that woman away immediately."
What do you think?
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