He made up his mind.
The next morning, Chen Jin left his house and drove straight to the city.
Since he had decided to open a jewelry store, Chen Jin had to rent a suitable place and renovate it into a jewelry store.
What kind of place was suitable for a jewelry store?
Without a doubt, it had to be a place with a large flow of people and customers. A place with an active economy and developed development was the most suitable place for a jewelry store.
For example, the first floor of a large shopping mall.
A prominent location on a bustling commercial street.
In short, he had to open it in a place with the highest flow of people to bring the greatest benefits.
Of course, Chen Jin had to target these places.
But he did not intend to open his jewelry store in a shopping mall. The environment of a shopping mall was very complicated, and it was difficult to expand the store. It was not suitable for renovation.
He wanted to rent a three or four-story commercial building with an operating area of more than 300 square meters. He wanted to build a large and complete gold and silver building.
Of course, such commercial buildings existed, and there were many of them. It was easy to find them.
But renting them was shockingly expensive.
Especially in the central business district, the average rent was more than $35 per square meter per day. Renting a 300 square meter shop would cost up to $3-4 million annually.
For more prosperous areas, the rent was more than $5 million.
Chen Jin was speechless. "No wonder people say it's hard to run a physical business. Most of the physical shops in the city center have been closed. Who can continue with your high rent?"
Not only did physical businesses have to face annual increases in rent and salaries, but they also had to pay business taxes, health fees, management fees, and other fees.
Even if you were a gold shop owner, you would not be able to handle the skyrocketing rent.
Jin Ling West Road, No. 188. The three-story, 298-square-meter shop that Chen Jin had his eyes on used to be a jewelry store. It was the famous "Six Blessings" jewelry store. It had been closed due to the rising rent.
Chen Jin made a call to the owner, intending to rent the shop.
Soon, he met the owner himself. He was a plump middle-aged man with a beer belly. Chen Jin called him "Mr. Lee."
"Mr. Lee, how much do you want to rent this three-story shop? How much is the annual rent? "Chen Jin asked.
"You want to rent?" The owner looked at him suspiciously. He was so young, how could he afford to rent a shop?
"Yes, but I need to know about the rent." Chen Jin nodded.
"$5.5 million a year, $10 million for two years. You have to rent it for at least a year! Can you afford to pay half a year's rent first? " The other party looked at Chen Jin with slight mockery. How could a young man like you have so much money?
"Can you make it cheaper? More than five million a year … is a little too high. "Chen Jin frowned slightly. His oily face and round belly made him quite detestable.
The other party waved his hand and said, "Rent it if you like. With the current market rate, I won't lower the rent by a single cent!"
He stood up and was about to leave.
Chen Jin stopped him. "A long-term lease of $14 million for three years. You can't increase the rent during the lease period. We'll sign the contract and hand over the money immediately. Do you want to rent or not?"
The other party's footsteps paused. After a moment of consideration, he said, "14.8 million, 5 million for now! We can sign a contract. "
"Deal!"
It was only a few hundred thousand. Chen Jin was too lazy to bargain with him. But when it was time to officially sign the contract, Chen Jin was worried that Mr. Lee would increase the rent midway, so he requested that a clause be added to the contract: "If Party A breaches the contract and adjusts the rent midway, Party A must return the remaining rent and compensate Party B $50 million!"
"50 million, no! The most I can do is refund you the remaining rent. I can't agree to this clause! "Mr. Lee's face was red. He could not accept this clause.
"Then I don't believe in your credibility. This clause must be added! Or else we'll cancel the cooperation! "Chen Jin's attitude also became tough.
"You —" The other party glared at him.
"There are so many vacant shops now. I can find the shop I want at any time."
"Okay, I'll sign the contract."
The other party signed the contract helplessly. Although he was unhappy that his right to increase the rent was restricted, 14.8 million for three years was 50% more than the previous owner. It was indeed difficult for him to meet a tenant as generous as this young man in front of him. His shop had been vacant for almost three months. Others ran away after asking the price. If he did not quickly rent it out, he would really have to consider lowering the price a little.
The contract was quickly signed. Chen Jin also paid $5 million through bank transfer to the other party's account. Then, he received a bunch of keys.
The right to use the commercial building 188, Jin Ling West Road, officially belonged to Chen Jin.
But following this, the interior renovation of this commercial building, as well as the follow-up management and operations, would need to be handled by someone.
Of course, Chen Jin did not have the time to take care of this jewelry store. He could only hand it over to a professional manager.
Therefore, he spent $50,000 to hire a headhunting agency to help him find a suitable candidate and introduce them to him for an interview.
On the third day, the headhunting agency helped him find a person. It was a middle-aged woman named Chiu Wan-Ting.
She was 43 years old, married, and had more than 20 years of experience in the jewelry industry. She had been a jewelry store manager for more than 10 years. Her understanding of the jewelry industry could be said to be "experienced."
What was more coincidental was that Chiu Wan-Ting's previous job was the store manager of the Liu Fu Jewelry Store in the commercial building 188 that Chen Jin had rented. After working there for six years, she could be said to be extremely familiar with this commercial building.
After the Liu Fu Jewelry Store closed, she fell into a state of unemployment. She had not found a suitable job for several months.
"That's her. There can't be a more suitable candidate than her!"
Although he had not yet met Chiu Wan-Ting, she had already become the most suitable candidate in Chen Jin's heart. He wanted to recruit her no matter what.
After contacting Chiu Wan-Ting through the contact information sent to him by the headhunting agency, Chen Jin arranged to meet her in a coffee shop for a simple interview.
After seeing Chiu Wan-Ting in person, Chen Jin was even more satisfied. The woman in front of him had obviously dressed herself up with exquisite light makeup. Her hair was neatly tied up. She wore a small black suit with a narrow skirt. Her round long legs were wrapped in flesh-colored stockings. Her looks were above average, but she was dignified, intellectual, gentle, and exuded a mature charm.
Mid-aged woman … This phrase emerged in Chen Jin's mind.
Because of her years of experience in the workplace, she was graceful and straightforward.
She could even liven up the atmosphere. From time to time, she would pop out humorous remarks, which made Chen Jin very happy.
Chen Jin was extremely satisfied with her performance in all aspects.
Looking at the young boss in front of her, Chiu Wan-Ting was actually even more surprised. He was not much older than her son, but he had already begun to fork out tens of millions to start a business.
She thought to herself, My son only knows how to play games all day. I wonder what he will do after graduation. She could not control him, nor could she beat him. Sometimes, she was so angry that she just wanted to cry! Compared to the young boss in front of her, it was like heaven and earth.
"How about this, Auntie Chiu? I'll give you two choices in terms of salary.
One, a fixed salary of $60,000 per month, with insurance and housing funds. But the commission is very small. It mainly depends on your contributions.
Two, a fixed salary of $30,000 per month, plus 1% profit commission. Other benefits are the same. It mainly depends on the shop's performance. "
"Auntie Chiu, which one do you choose?"
Chen Jin asked.
"I choose the first one."
Chiu Wan-Ting made her choice without hesitation. A fixed salary!
Due to the sharp increase in shop rentals, it was difficult to do business in various industries! It was the same for the jewelry industry. Even if they achieved hundreds of millions of sales every year, the gross profit would not exceed $10 million. After deducting the rent, business tax, utilities, and other costs, as well as the profits taken by the boss, the employees would receive very little.
No one would even believe it if she said it out loud. When she was the store manager of the previous Six Blessings Jewelry Store, she chose the minimum wage plus commission system. As a result, her average monthly salary was less than fifteen thousand yuan, and during the off-season, it was only seven or eight thousand yuan … She was the store manager!
Therefore, when faced with a similar choice, she did not hesitate to choose the higher fixed salary.
As a senior in the industry, she actually wanted to persuade the young boss in front of her not to go into the jewelry industry. It was not very profitable anymore. If he invested so much, it was very likely that he would lose money!
But when she saw the young boss's face full of longing and eagerness, she moved her lips and swallowed her words.
After all, she was just an employee.
"Alright, Auntie Chiu, you're officially employed from today onwards. This is the key to the shop. I'll give it to you and transfer another $1 million to you. Hire a construction team to renovate the interior of the shop. Don't be afraid of spending too much money, but finish the renovation as soon as possible within half a month!"
"One, one million?" Chiu Wan-Ting was a little speechless. She had just started working and the boss was already reassured to transfer one million to her?
"Why, do you have any more questions?"
"No, no."
"Then do as I say. I hope that my jewelry shop can have a grand opening by the end of this month!"
Chiu Wan-Ting nodded. "Alright, I'll try my best!"
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
