May 30th, Wednesday …
Fu Hui Investments.
Li Shi was thinking about Star Bird Fitness.
He had already talked to Chang You from Otto Technologies. Both parties hit it off and felt that they could cooperate deeply on this project.
To Chang You, Guo Licheng's Deposit Fitness might be his first target, but Deposit Fitness' capacity was limited after all. It could not eat so many smart fitness drying racks.
Previously, he was not sure if the smart fitness drying rack could make money, so the factory could not invest too many production lines.
Now that he had earned money and put it into production, the monthly production capacity had reached nearly ten thousand units. If he was willing to invest money to open a new production line, it would not be difficult for him to reach twenty thousand units or even more.
On the other hand, only ten smart fitness drying racks were needed for each Deposit Fitness.
The space in the gym was limited after all. He had to leave a lot of space for the strength area, other professional equipment, as well as aerobic equipment such as treadmills and ellipsoids. There were also yoga rooms, drill rooms, and so on. These could not be saved.
On the other hand, the ten sets of equipment in each Deposit Fitness could not digest the production capacity of the smart fitness drying rack at all.
It could not be that Deposit Fitness could open a hundred new shops every month, right?
Thus, this business had to be done with other gyms.
Chang You and Guo Licheng were not worried that this would affect Deposit Fitness' business because the core competitiveness of Deposit Fitness was not here.
The smart fitness drying rack entering the various gyms would not only bring more players and income to the Fitness Battle, but it would also be a living advertisement for Tengda Corporation and Otto Technologies. Once it was spread out, there would be considerable long-term benefits in the future.
Thus, Chang You also intended to use Star Bird Fitness to test the waters and see if the smart fitness drying rack would be popular in ordinary gyms. From there, he would start a large-scale procurement business for large gym chains.
Once this path was confirmed to be feasible, those large gym chains would have at least hundreds of stores in the country. The number of smart fitness drying racks that they would purchase would be extremely shocking.
If he placed the smart fitness drying rack in the stores of these gym chains, it would attract the members of these gyms to try and experience it. Some of them would choose to buy one and place it at home. That would greatly expand the customer base.
In other words, cooperating with the gym chain was actually a process of business expansion and advertising. The effect would definitely be much better than simply advertising online.
To Li Shi, Star Bird Fitness was obviously another typical case of freeloading. If he succeeded this time, not only would he be able to freeload from Tengda?
He would also be able to snatch away a portion of the business of those large gym chains?
Once Star Bird Fitness developed, his investment would definitely be rewarded handsomely!
The first batch of more than a hundred smart fitness drying racks?
Chang You decided to use the next batch of stock.
He also wanted to see if the smart fitness drying rack could succeed in the traditional gym as soon as possible.
Recently, Starbird Fitness had also begun to adjust the layout of various stores.
He would also publicize it to his members by distributing flyers, setting up advertising boards, and other methods. He would wait for the smart fitness drying racks to arrive at the earliest by the weekend?
You can directly open it to the public.
Once this model became popular, Li Shi would consider working with a few other investors to continue investing?
Help Starbird Fitness open more stores?
Continue to purchase smart fitness drying racks on a large scale. In the short term, use this unique advantage to expand as much as possible!
At this time, there was a knock on the office door.
Xue Zhebin pushed the door open and entered.
"Manager Li?
I've found out that Tengda is indeed interested in buying or renting the shops on the street near Thriller Hostel. What's more, they seemed to have given an ultimatum yesterday. They could either rent or sell.
If they don't cooperate, the Gourmet Street will bypass them! "
"The situation over there is quite chaotic.
The shop owners might be talking about working together, but in fact, they are all making their own plans.
As far as I know, several shops have already signed contracts with Tengda … "
Xue Zhebin told him everything he knew.
Li Shi could not help but perk up. "Very good! It's exactly as I predicted! "
"I seemed to have only talked about long-term renting previously. Now, there's a plan to buy?
Boss Pei must have provided a huge sum of money. Is that enough to prove it?
Boss Pei actually values this place very much! "
When the construction of the snack market had just started?
Li Shi had already grasped this news. However, he did not have a good idea how to drink this soup.
That was because there were many shops around the snack market, but they were all in a half-dead state. Wouldn't it be a huge loss if the place they bought was not in the direction that Tengda wanted to develop?
However, the goal was clear now.
Obviously, Tengda's goal was to connect the snack market and the Thriller Hostel through a food street that was more than a kilometer long to form a link!
That way, tourists could walk along the food street all the way to the snack market at night after visiting the Thriller Hostel and enjoy all kinds of delicacies.
It was said that there were new large-scale projects under construction in the Thriller Hostel. That way, the entire surrounding economy would definitely be further revitalized.
Tengda had obviously thought of a solution to the shops that were asking for sky-high prices.
The greed of humans was endless. They definitely couldn't just be satisfied with these shops. Otherwise, if the first shop successfully raised the price, the others would also raise the price. They would have to wrangle with every shop, and this matter would never end.
Tengda had a unified price for all shops. It provided two plans: long-term rental and purchase. The price was already generous enough.
If this was not Tengda's project, Li Shi would definitely feel that it was much more cost-effective to rent.
That was because money had a time value. As long as the shop owners didn't simply squander the money, but chose to use it to make some more promising investments, the returns generated after ten years would definitely be much more than 50%.
However, this was Tengda's project. That was different.
The yield of Tengda's project was not something that could be measured with a simple number.
However, the shop owners might not understand this logic. That was because they did not believe in Tengda's business myth as Boss Li did.
Strictly speaking, these bosses' joint efforts to raise prices was more like a short-sighted act.
Tengda had also given a solution to the bosses' joint efforts to raise prices. That was to split them up.
The original plan was to go straight from the snack market to the Thriller Hostel. Many shop owners on this road felt that Tengda would take down their shops at all costs. Naturally, they were fearless.
However, Tengda had changed their thinking. They would choose multiple routes and finally decide on one based on the actual situation.
The snack street might turn and bypass some shops.
That way, the shops that did not have a chance to enter the snack street would also be considered.
These shops would definitely fight to sign a contract with Tengda in order to obtain this opportunity.
The shops that were originally in a straight line might end up with nothing.
Under such circumstances, it was impossible for the shop owners to work closely together. After all, a single mistake could cost hundreds of thousands of yuan. Most small bosses did not have such courage.
Moreover, it was said that Tengda had added a plan to directly buy shops on the basis of the original long-term lease. That was enough to show that this matter had alarmed Boss Pei. Boss Pei had allocated a huge sum of money.
Li Shi felt that his opportunity had come!
He immediately said, "We'll buy shops nearby as well! However, we're different from Tengda. We'll only buy, not rent.
"Moreover, we won't fight with Tengda. Once Tengda's route is confirmed, we'll look for the shops that were not chosen and buy them at a relatively favorable price.
"I think … a 40% premium should not be a problem."
Tengda's plan was a 50% premium, but there would definitely be only one route on the snack street. Many shops nearby would not be chosen.
Most of these shop owners would regret it.
Of course, they could not rule out the bosses who were especially confident in themselves and thought that they could make a career on the food street. However, there would definitely be bosses who would miss a good opportunity and fail to sell their shops because of hesitation.
Li Shi and the other investors would find these people and buy them at a high price.
For a shop that was confirmed not to be on the food street, this premium was actually very considerable. Someone would definitely sell it.
After buying it, Li Shi would transfer professionals from other industries he invested in such as chain internet cafes, bars, coffee shops, and the like to take charge of these shops.
Moreover, Li Shi could also choose to rent a portion of the shops to Tengda at a low price and sign a long-term contract.
Although the food street could only cover one street in the beginning, what if the number of people continued to increase in the future and the food street wanted to expand?
Moreover, Boss Li's reputation was completely different from those shop owners.
Those shop owners most likely did not have the resources or ability. They had also rejected Tengda's good intentions. Tengda would definitely not cooperate with them.
However, Li Shi had the resources and had a good relationship with Boss Pei. Both parties were quite happy working together. Even if they could not become an 'internal shop on the food street', it would not be a problem to become a 'cooperative shop on the food street'.
As long as they had Tengda's approval, it would not be a problem to drink soup from the food street.
Tengda had no reason to reject this proposal. That was because Li Shi and the other investors were buying the shops around the food street. Tengda could not possibly buy all of these shops.
Why not work with an old acquaintance like Li Shi instead of working with a shop owner who did not know him and did not have the resources or ability?
What Li Shi cared about the most was the appreciation potential of these shops many years later.
Those shop owners might have doubts about this and could not wait that long. However, Li Shi would definitely not doubt it.
Xue Zhebin nodded. "Alright, I'll inform the other investors now!"
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