Tycoon: I Have an Unlimited Modifier novel Chapter 368

"Pretty much. Our branch stores are all located in malls with high foot traffic or in well-situated standalone shops."

"Each store is generally around 1,700 square meters, and between the tables and private rooms, they have a seating capacity of 500."

When Yuan Li brought this up, she couldn't help but feel a little proud.

"I'm sure the foot traffic at these stores will be great. And with how good our food is, the average table turnover rate will be at least three."

"Excluding the Taikoo Li store, reaching a daily revenue of 5.6 million shouldn't be a problem."

The flagship store in Taikoo Li had a daily revenue of 600,000.

'All these stores combined will bring in at least 6 million in daily revenue.'

According to the profit model he and Yuan Li had calculated, an average table turnover rate of three would yield a net profit margin of at least 10%.

The reason it was so low was partly due to Spicy King's high labor costs.

In this regard, Yuan Li actually respected Qi Sheng a great deal for bearing the cost of providing employees with a full benefits package.

To others, it might have seemed ridiculous.

But Qi Sheng wasn't short on money, and Spicy King's profits could easily cover it.

Besides, the Taikoo Li store had a turnover rate of six.

Even Yuan Li was completely stunned by that.

'If Qi Sheng weren't so generous, the employees would never work this hard.'

'Accumulating funds from net profit alone would be a bit too slow.'

'The fastest way was to leverage Spicy King's constantly rolling cash flow.'

For instance, payments to suppliers were typically delayed by a month.

This gave Qi Sheng an opportunity to upgrade the skills of the managers at each branch.

If Spicy King's revenue weren't so high, Qi Sheng definitely wouldn't dare to play this game.

But Spicy King's business was just that good!

Even when their payments were delayed, the suppliers didn't dare utter a single complaint.

'It would only take 17 days to upgrade the abilities of all these branch managers.'

'And less than four days for the 20 deputy managers.'

Even if the suppliers really started pressing for payment, Qi Sheng still had nearly 90 million on hand. He could lend it to Spicy King to handle the emergency and even collect some interest.

'Why lend it and not just give it?'

'Spicy King wasn't a company he wholly owned.'

Since Spicy King was independently financed, the books had to be kept clean.

With Yuan Li's cooperation, the books created by the system were flawless.

If VCs conducted due diligence later, they wouldn't find any issues.

A major shareholder lending money to their company to fund its growth was an incredibly common practice in China.

"It's been a long day. You should go home and get some rest. We'll see how Lin Qiu and his team perform tomorrow."

Qi Sheng planned to prioritize upgrading the staff at Lin Qiu's store.

After all, their store was the largest—almost double the size of the other branches.

It also had an unusual staff configuration: one manager and two deputy managers.

"Boss, I'll say it again: since we just opened, we still have plenty of time to make adjustments."

"If we let this drag on, trying to salvage our reputation later will be much harder."

Yuan Li tried to persuade Qi Sheng, still not ready to give up.

She had very little faith that Lin Qiu and his team could properly manage the Yofang branch so soon.

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