"Swarovski offered eight million gold duns, right?"
In the general manager's office of the Xuri Company, Kadeem Jebson, who was sitting opposite Li Mochen, was deep in thought. "Although it's not enough to cover our previous investment, given our current situation, this price is more appropriate. It's better than getting nothing."
Li Mei furrowed his brows and said, "But we have already invested 9.4 million gold duns! This is not even including the value of the land itself. After selling the project, I'm afraid the company won't even have enough money to repay the loan and interest. They're taking advantage of us! "
She had originally been in favor of the company selling the land for Archibald Apartments as soon as possible, but Li Mochen somehow got involved with Pearson, Darby, and Spector. This made her look forward to it even more.
Li Mochen understood her dissatisfaction. Although the Xuri Company only offered a two-year, unsecured loan of 8.5 million gold duns, the interest was as high as eight percent.
In other words, after fourteen months, they would have to repay nearly ten million gold duns with interest.
Jessica Pearson's client's offer was indeed taking advantage of them.
"According to the contract, we can repay the loan in advance. That way, we can avoid the interest for the next year."
Kadeem Jebson smiled bitterly. "I guess we can still negotiate with them about the price. I estimate that there's room for 1.5 million gold duns. They should be the most sincere buyer at the moment. It's best that we don't miss this opportunity. "
Li Mei immediately retorted, "But if we develop the property ourselves, even after deducting the costs, we can still make more than ten million gold duns."
"You're too naive, Mei!"
Kadeem Jebson shook his head. "The problem is that our Archibald Apartments has now been converted to industrial land. We can't continue with it, right? In addition, we have to deal with Antonio from Blood Hand. I'm afraid that Pearson can't help us in this regard. Blood Hand is a branch of the mafia. I know their methods. When Antonio starts to do whatever it takes, everyone in the company and your families may face threats — "
"No need to argue. I'm going to sell this piece of land. Of course, the price can't be 8 million. Kadeem, you can talk to them first. "
Li Mochen interrupted Kadeem's words. "There's also the overseas trade business. If you can do it, do it. If you can't, don't force it. I plan to shift the company's business direction to the sales of household appliances. "
"Home appliance sales?"
The two people on the other side of the desk couldn't help but look at each other, as if they wanted to say something but were hesitant.
The Xuri Company had never been involved in the sales of household appliances.
Li Mochen was not surprised by their expressions at all. "I understand your concerns. Rashly getting involved in an unfamiliar industry may lead to losses. However, the business model I'm thinking of is innovative and disruptive. It should have a very broad commercial future."
Kadillon Jebson's expression was noncommittal. "Ah Mo, can you give a rough explanation? If it's convenient? "
He couldn't help but worry. The innovation and subversion that young people talked about often meant fooling around.
"I call my plan a comprehensive store plan. Don't you think that the current way of selling household appliances is very unreasonable and inconvenient? The distributors of various brands are distributed in every corner of the city. People often have to go through one or two streets to compare their price-performance ratio. The after-sales service is also very poor. "
Li Mochen explained patiently, "But what if there's a comprehensive store that's big enough to sell a few high-quality household appliances brands together, providing one-stop service and almost affordable goods?"
"Comprehensive store?"
Li Mei was taken aback. "I think it's going to cost a lot?"
"Opening such a store in the commercial center and organizing the supply of goods will cost at least a few million gold duns."
Kadeem Jebson was deep in thought. "But this business plan is feasible."
"Initially, there's no need to open the store in the commercial center. We can consider choosing a location near large middle-class communities with good public security."
Li Mochen smiled. "I've thought about it carefully. A store of about 500 square meters will do, which is enough to concentrate a few household appliances brands. Including rent, renovation, staff, security, air conditioning, and other expenses, the cost will be about 1.2 million to 2 million gold duns. After we sell the Archibald Apartments, we should have enough money on the company's books to open six or seven such stores in the entire Atlanta area. "
Indeed, he had thought about this plan of a comprehensive electrical appliance store after careful consideration. Compared to the traditional industries that had deep roots, the household appliances retail industry, which had only started to rise more than ten years ago, was far from being as strong as the former. He would face much less resistance than the traditional industries.
"In other words, we won't be repaying the loan for the time being, right?"
Li Mei frowned again. As the company's chief financial officer, she could not help but worry about Li Mochen's ambitious plan. It would cost a lot of money and exhaust all of Xuri Company's capital reserves.
"Seven stores? Isn't that too much? "
Kadeem also expressed his doubts. "I admit that Ammo's idea is genius, but I think it's best to test the waters at the beginning of the plan. This will make it easier for us to accumulate experience and clear up all kinds of relationships. "
"That's because we don't have time. Both of you, you have to remember that there are many people in Atlanta who are richer and more powerful than us. During the time we accumulate experience, others may very well take over the entire market. Also, if we don't repay the loan in advance, the interest alone will cost us hundreds of thousands of gold duns. It's too much of a loss to let them lie in the bank account. "
Li Mochen patiently tried to persuade them. "If I were to start from scratch and fight alone, I might choose to be more cautious. But now, don't I have you? Although it's different from the previous import and export trade, any business has some similarities. "
This was the value of Xuri Company. This company had more than 20 loyal employees who had a certain level of execution ability. It was enough to support his plan.
"As for the relationship with the government, we don't have to worry about it for the time being. Nathan Sports Group still owes me a promise. They will help us settle all the issues with the government, and at the same time, let the police station pay more attention to our stores. "
When Kadeem heard this, his eyes suddenly lit up, and he fell into deep thought.
Li Mei, on the other hand, said hesitantly, "But in just 13 and a half months, we have to repay the loan of nearly 10 million."
"That's a matter for a year later."
Li Mochen smiled. "As long as we can support enough sales in the next year, we can use the identity of a big distributor to obtain a stronger bargaining power. We can even ask for an admission fee from the manufacturers. So, profit is definitely not a problem. Of course, this is just my speculation. Before we start this plan, we still have to do a detailed market research — "
Before he finished speaking, Kadeem replied decisively, "Let's do this! I think it's a great idea. I'll do the market research in the next few days. Then, we still need to hire some people in the field of electrical sales and store management. We also need to get the agency rights of a few well-known brands, or the qualifications of distributors. Is that right? "
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