Tycoon: I Have an Unlimited Modifier novel Chapter 462

Chapter 462: Chapter 248: Capitalist Tycoons Are a Joke

By mid-August, Spicy King’s locations in the four first-tier cities had all opened for business.

The personnel arrangements and transfers alone were stressful enough to give Yuan Li a few more wrinkles.

With the next round of financing and valuation on the line, Yuan Li had handpicked her best and brightest from within the company.

The original 21 store managers, plus a few outstanding assistant managers,

were dispatched to the four first-tier cities to serve as store managers.

Among them was Mei Lin.

As an Elite Level talent, Mei Lin’s performance was exceptional, and she had long been on Yuan Li’s radar.

From a migrant worker who had dropped out of high school to a store manager now earning over a million a year,

Mei Lin’s story was nothing short of legendary.

Thanks to Spicy King’s ample cash flow,

Qi Sheng had fully staffed the stores, assigning an Elite Level manager and an Ordinary Level assistant manager to each.

The mountains are high and the Emperor is far away, but with the talent provided by the system,

Qi Sheng, the hands-off boss, could finally feel at ease.

Business at these 24 new locations boomed from the moment they opened.

The populations of first-tier cities were large enough to guarantee a baseline of customer traffic.

The average check of 249 yuan per person was also considered mid-range.

After all, white-collar workers in the big cities earned seven or eight thousand a month.

They could still afford this price point.

Most importantly, though, was the taste of Spicy King.

Whether you liked the spicy mala flavor of Sichuan and Chongqing or a clear broth tomato base,

once you’d tried Spicy King, it was hard not to get hooked.

The +100% Flavor buff was just that effective.

In terms of service, Spicy King was no slouch either.

And its flavor completely crushed many local hot pot brands.

For it not to be a hit would have been a crime against nature.

As these 24 locations each reached a table turnover rate of four times per day,

and their net profit margin hit the 20% baseline,

the total daily revenue for all Spicy King stores reached a terrifying 18 million.

And that wasn’t even counting weekends and holidays.

On average, monthly revenue could reach 600 million.

A rough calculation based on a 20% net profit margin meant a monthly profit of 120 million.

After all, Qi Sheng had a system helping him cheat.

’A high net profit margin is perfectly reasonable, right?’

Previously, when Spicy King had thrown out an astronomical valuation of 10 billion US Dollars,

many venture capitalists thought it was overinflated, or even a complete fantasy.

But as the number of Spicy King locations grew to 45 and revenue climbed steadily,

its net profit became dazzlingly impressive.

Many VCs who had been watching from the sidelines could no longer sit still.

They began to constantly raise their expected valuations.

No one even dared to mention 5 billion US Dollars anymore.

A pre-IPO cash cow that was already stably profitable was naturally a hot commodity in the capital market.

Countless VCs were fighting tooth and nail to get on board and strike it rich.

Some of the well-informed ones found Wang Han and the others, hoping they would act as intermediaries.

It annoyed Qi Sheng so much that he didn’t get any peace until he turned off his phone.

Playing pool with Qi Sheng, Wang Han’s teasing tone couldn’t hide his envy.

"From now on, if anyone comes looking for you, just turn them away for me."

"If they’re not willing to accept a 10 billion US Dollar valuation, there’s no need for them to meet me."

Qi Sheng paid no mind to Wang Han’s teasing and cleanly ran the table again.

"How many games has it been? All I get to do is break. Can’t you let me feel like I’m part of the game?"

Wang Han watched Qi Sheng sink the eight ball once more, his eyes filled with resentment.

"Who told you to be so bad?"

It wasn’t that Qi Sheng didn’t give Wang Han a chance.

But the guy’s skill level wasn’t even amateur.

He wouldn’t be considered terrible if he were playing against an ordinary person.

But against a cheater like Qi Sheng, whose skills were nearly all maxed out, he was destined to get crushed.

Even if Ding Junhui himself showed up, he’d have to stand on the sidelines, cue in hand, and watch Qi Sheng perform.

"I’m done. It’s more fun playing with Old Fu and the others."

Wang Han instantly lost all interest in pool, already missing his buddies who were also terrible at the game.

"I need to make a call first."

Qi Sheng went back to the lounge area, took a sip of water, and saw a missed call from an old friend. He called the number back directly.

"President He?"

"Chairman Qi, you’re still in Shanghai?"

"I was just playing some pool with a friend."

"Then send me your location. I’ll explain in detail when I get there."

"Just come straight to Jingyao Qiantan T6. We’re on the top floor."

After hanging up, Qi Sheng knew exactly why He Yu was calling.

It was nothing more than wanting to lock in a ticket on the gravy train ahead of time.

Qi Sheng didn’t mind giving an old friend a chance to get rich with him.

’It’s all the same whose money I take, and I can do him a favor in the process.’

「...」

When He Yu arrived, Qi Sheng and Wang Han were having tea.

"Chairman Qi, is this the office your company rents?"

"Rent?"

Qi Sheng shook his head with a smile. "This building... I’ve already bought it."

"Holy shit, are you serious?"

He Yu was completely stunned. "This is Jingyao Qiantan! Even the cheapest building has to be over a billion, right?"

"Old He, you’re thinking too small."

Qi Sheng smiled and gestured for He Yu to sit down.

"It was only two billion. It’s not like that’s hard to make."

"Er..."

He Yu and Wang Han exchanged a look, both feeling the urge to strangle the guy.

"Chairman Qi, I’m sure you’re aware of the purpose of my visit."

He Yu didn’t beat around the bush and got straight to the point.

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