Chapter 1233
Marshall smiled and said, “Alright, then. I’ll talk on the phone.” “Okay,” Stella replied.
“Remember when I told you about the kindergarten in the backyard? Wanna guess who owns it?”
Stella immediately thought of Albert and asked, “Is it Albert?”
“No, it’s actually owned by Hylda and your Aunt Lydia. They are business partners. Hylda is the one who provides the capital and primarily takes the profits, while Lydia manages the operations.”
‘So that’s why Aunt Lydia and her family never left.’
“According to my findings, the kindergarten is doing very well in the local area. Greenwood Grove is part of the old side of town. Since the city government is currently carrying out an urban renewal plan, the regulations for buildings in the area are quite strict. Apart from public preschools, the kindergarten is the only private property there. Just imagine how popular the school is.”
The total number of students in the kindergarten exceeded 1000. With each child paying four figures for tuition every month, the monthly income amounted to millions of dollars. Moreover, Hylda and Lydia did not have to pay rent. Aside from necessary expenses like teachers’ salaries and utility fees, they were left with a net income of six to seven figures each month.
‘No wonder Hylda is so relaxed right now. She has another source of income,’ thought Stella. She could not believe that Hylda had used the Spade family’s land for her business.
“But, don’t they need approvals from relevant departments to build on that piece of land? They would also need a license to open a kindergarten. How did they manage to obtain those without the proper documents? How are they allowed to operate there?” she asked.
“They must have all the necessary permits. I’m guessing some of them are fake,” Marshall said in a low voice.
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