Chapter 41 Heavy Assets

Chapter 41 Heavy Assets

Chapter 41 Heavy Assets

The street on the north side of Kuishan Market on Tonghang Road in the urban area.

The streets were crowded with people at the end of February, and electric scooters were parked on both sides of the streets. After all, electric scooters are a common means of transportation for locals. Even if a family has a car, they will prepare one or two electric scooters in case of emergency.

Knowing that there was no underground parking lot nearby, Jiang Miao asked Ke Yong to drive directly to the entrance of the tax bureau, where people were just getting off work and there were many vacant parking spaces.

Jiang Miao and his group walked to Kuishan Market.

"Boss, you have been to this kind of small shop on a small road before, right?" Jiang Haibo guessed as he looked at the small shop in front of him.

"Well, my uncle's house is nearby."

When he walked into the shop, the four tables downstairs were already occupied. He asked the proprietress directly, "Is there any room on the second floor?"

"There's another room for four people?"

"Yes! Four servings of lei cha." Jiang Miao turned around and asked, "What do you want? We have fried rice, fried rice noodles, fried rice noodles, and fried potato noodles."

"fried rice!"

“Char kway teow!”

“I want fried rice too!”

Jiang Miao smiled and said, "Three servings of fried rice, one serving of fried rice noodles, one serving of salted chicken, one serving of bitter melon stuffed with meat and tofu stuffed with meat, and one serving of stir-fried beef with kale."

The proprietress swiftly wrote it down with a pen: "You go upstairs first."

On the second floor, table near the window.

Jiang Miao took a seat, and the others followed suit.

From the window you can see the urban government dormitory area, which is an old neighborhood built when the city was founded. There is no underground parking lot or elevator, but it has undergone some renovations in recent years and an elevator has been installed.

After a while, the proprietress came up with a tea-colored ceramic tea-pounding bowl filled with green tea soup.

"One bowl for each of you." Jiang Miao picked up a large spoon and scooped a bowl of lei cha for himself first: "You guys help yourselves!"

Jiang Haibo looked at the green tea and felt a little uneasy, but since the boss had called him, he had no choice but to drink it. He scooped himself a small half bowl.

Ke Yong, on the other hand, was not polite. He scooped half a bowl, drank it in one breath, and then scooped another bowl.

The proprietress then brought out the sliced ​​salted chicken, tofu stuffed with meat, and bitter melon stuffed with meat.

Jiang Haibo took a sip and found that the taste of the lei cha was quite good, with the fragrance of vegetables, slightly sweet, and a hint of bitterness from tea leaves.

"This salted chicken is a famous Hakka dish in Luhe." Jiang Miao said as he picked up a piece of chicken wing. He liked chicken wings the most among all chicken dishes, especially the salt-baked chicken and salted chicken wings.

Soon, fried rice and fried rice noodles came up one after another.

While eating, everyone chatted about family matters.

Since Jiang Miao doesn't like to talk about business while eating, others naturally won't cause trouble for themselves.

After the meal, it was almost two o'clock.

Then I walked back to the tax bureau and drove the car.

It was almost half past two.

Jiang Miao did not go back, but asked Ke Yong to drive to the opposite side of the Urban Management Bureau on Ermalu Road.

Fortunately, we came here around 2:30 in the afternoon. If it was noon or evening, both sides of the road here would be almost occupied by food trucks and electric scooters, making it difficult for cars to pass.

Park your car near Shanmei Middle School.

After walking for a few minutes, the group saw three terraced shops that were being renovated.

The decorator was one of Jiang Yao's men, and he also knew Jiang Miao. He quickly put down the carpentry work in his hands and said, "Boss Jiang, the decoration here will probably take about a week." "It doesn't matter, you guys go ahead!" Jiang Miao turned around and ordered, "Zixuan, go buy a box of Red Bull and some bananas for the decorators nearby."

"Okay." Li Zixuan nodded.

Jiang Miao and Jiang Haibo talked about the store.

This shop is just across from Hongwei Primary School. It used to sell electrical appliances. However, the landlord's son lost several million in online gambling last October. In order to pay off his son's debts, the landlord had to sell these three stores.

The first floor of the store covers an area of ​​144 square meters, and the second floor was converted from an original residence with an area of ​​156 square meters, totaling 300 square meters.

The purchase price was 450 million yuan.

At present, Jiang Miao has purchased a total of three properties in the urban area, including a 300-square-meter shop on Ermalu Road, a self-built house on Chengnan Road, and a self-built house on Haibin Avenue near Fengshan Mazu Square, spending a total of 1739 million yuan.

The reason for purchasing these properties was actually Jiang Haibo's suggestion, because he believed that the company's current cash flow was very sufficient and the money should not be left idle.

Although the registered name of Hailufeng Company is an agricultural technology company, its actual business scope also includes supermarkets, agricultural products, catering, etc.

In order to enhance the company's ability to resist risks, Jiang Haibo suggested that while purchasing properties, it could also use these properties to open some affiliated stores.

After careful consideration, Jiang Miao decided to purchase the three properties, but these properties were under the name of his father Jiang Dahai, and then rented to Hailufeng Company for use.

Regarding the direction of store management, he did not act arbitrarily, but instead consulted his brother-in-law, father, Jiang Haibo and others. In the past few days, he finally came up with a general direction.

First of all, the property they are currently in has a large enough area and a very important location. Ermalu Road is a famous internet celebrity street and food street in the local area, so the business of this store is eel rice and the company's product specialty store.

The self-built building on Chengnan Road only has a 60-square-meter store on the first floor, and the five floors add up to 320 square meters, so Jiang Haibo suggested opening a gold shop.

The reason for choosing a gold shop is naturally that Hailufeng Company has a large amount of cash. If it wants to avoid taxes reasonably, then opening a gold shop is a very good way to avoid taxes.

After all, when gold is purchased and processed into jewelry, the investment becomes inventory, not to mention that the gold shop also makes good profits.

The last one is a self-built house on Binhai Avenue. The store area on the first floor is 120 square meters, but it only has three floors with a total area of ​​400 square meters.

Jiang Miao plans to use this property as a private club so that he, his family and company staff can have a place to stay in the city when they come to the city on business.

It can also be used to entertain out-of-town business partners.

In fact, this kind of heavy asset operation is a very good investment strategy for cash-rich companies like Hailufeng.

As for investing in finance, Jiang Miao did not have a talent for finance because he was average at math. In addition, A-shares were notoriously rebellious, and investing in foreign finance was riskier. He did not want to be harvested like a leek.

Jiang Miao was even worried about borrowing money from the bank.

After all, many companies die due to high debt and broken capital chain.

In Jiang Miao's view, many private enterprises are too radical and blind in their investment strategies, and often borrow money to expand their scale without restraint.

If the market environment is better, it will naturally soar.

But if the market environment deteriorates or there are policy changes, it may collapse instantly.

He didn't understand the mentality of many entrepreneurs, why they were so radical, as if if they didn't expand their scale today, they would be eliminated by competitors tomorrow.

Or you may be fooled into investing in a bunch of PPT projects without doing any research reports, feasibility studies, market research, etc.

Jiang Miao's investment seems very aggressive.

In fact, it is within the controllable range. The company's cash flow has always been very abundant. Without loans, the company will not face a serious financial crisis no matter how much it invests.

If you have a loan, you cannot make overly aggressive investments and you have to consider the risks and consequences of a broken capital chain.

Many entrepreneurs’ investments are actually gambling, betting that the market will improve so that they can be the pigs in the wind.

It’s a pity that they only saw the pigs flying, but subconsciously ignored the pigs that fell to their death before the wind blew.

(End of this chapter)