Reaching the age of thirty, my income randomly doubled
Chapter 185: Chapter 157 A New Year

The next day.

Chen Pingsheng took Chen An'an to his Tengying Entertainment.

The spoiled brat was still reminiscing about her time as the mini CEO.

Upon hearing she was going to the company, she got up earlier than the chickens.

She seriously dressed herself in a tiny suit and tie.

Actually, Chen Pingsheng wasn't really going to Tengying Entertainment but to Tenghui Capital.

He needed to quickly invest this one billion in capital.

The department store, well, its main operations are buying and selling.

Chen Pingsheng's logic was quite simple: choose the best quality goods at the same price level, and sell at the lowest price.

Also, all the storefronts had to be their own.

Ten billion seems like a lot, but it's actually only enough to open three or four stores.

He parked the Bugatti in his reserved spot. Unveil more tales at m_vl-em|p-yr

As soon as Chen An'an got out of the car, she seriously adjusted her little collar and then took out a small mirror from her bag to check her reflection.

I don't know who she learned her vanity from.

The two went upstairs, and Bai Xin actually came to greet them from a distance.

The idle secretary had already advanced to the Qi Refining Ninth Stage.

In understanding the boss's intentions, she had to be quick, accurate, and ruthless.

"Uncle."

"Bai Xin, where are you skipping off to?"

"Isn't that a sleek sports car I see from afar? I guessed it must be you, Uncle, right?"

"Alright, no need for flattery now, go take her to play."

Chen Pingsheng handed Chen An'an over to her, and Bai Xin took her to the fourth floor.

After all, Tengying Entertainment was so idle it was tingling, taking the boss's daughter out was indeed something to do.

If she didn't replace something for herself to do, she'd doubt she was even in a real job.

Chen Pingsheng went to the fifth floor, where a month had passed, and Tenghui Department Store's logistics park was still under construction.

The talent team was almost fully formed.

The main responsibility now fell on Shen Chengjun, who was introduced by Tong Zelan.

With ten years of management experience in department stores, he was quite well-known in the Magic City department store circle.

Joining Tenghui was firstly because the salary was high.

Secondly, it was still because of the high salary.

In middle age, one doesn't talk about dreams, the real deal is the money in hand.

"Lin Jia, have you folks found a good location yet?"

"We've found a few."

Lin Jia was still in charge of the entire market research department, so naturally, replaceing storefront locations was also their responsibility.

"Outside Nanluo Gu Alley in the second ring, there's a good spot, high foot traffic, many people go there for walks daily, the entire storefront is about 3,500 square meters, priced at 220 million."

Buying land to build is too troublesome, those good locations are also hard to come by now.

This kind of ready-made large storefront is still decent.

220 million isn't too high.

Seeing this stuff on paper means nothing, you have to see it in person to know.

His siheyuan was already nearby, this could be considered opening right at his front door.

Chen Pingsheng drove there, the Maybach was usually parked at the company.

220 million was for just one floor, also the first floor.

The entire newly built business building had six floors, and the upper floors were already starting to lease out.

The nearby districts are all very high-end, being in the second ring, the lowest property prices are fifty or sixty thousand, there isn't any low-end area.

Not bad.

Chen Pingsheng arranged to meet the boss there to talk.

The price of 220 million was fixed, a cash payment could get a discount of ten million.

In addition to this floor, he spent 280 million and 190 million in Chaoyang and Haidian respectively, purchasing two super large golden single-floor storefronts.

One billion seems like a lot, but investing in commercial real estate can easily eat it all up.

After spending nearly seven hundred million here, he then injected the remaining three hundred million into Tenghui Department Store's company finances.

Mainly for purchasing goods and for store renovations.

As he expected, investing in a Tenghui Department Store with its own storefront takes about 300 to 350 million in capital.

Then from renovations to opening, it takes about three months, the renovation of a department store doesn't take too long, mainly the initial operations take a bit of time.

Shen Chengjun truly hadn't expected, before coming here, that they intended to operate the department store this way.

With this strategy, several stores could be opened in a year!

However, the cost really was saved.

Who knows, in physical operations, how big a percentage of operational costs can be accounted for by rent.

Owning all the storefronts outright, if it still doesn't work out, they might as well replace a piece of tofu to crash into.

Especially before opening, they had already spent thirty million organizing a team to conduct investigations for over half a year.

Identifying where to source the cheapest goods essentially became a piece of cake.

Just three Tenghui Department Stores had exhausted his one billion in funds.

Chen Pingsheng didn't think it was a big deal, at his level it was certain to invest in commercial real estate.

Only with such assets would his family not face any bankruptcy crisis.

In January, he took out one billion for investments, waiting for the opening here.

If the situation was still favorable, he would resort to another method to gather another billion to invest in Tenghui Department Store in the latter half of the year.

Investing two billion in commercial department stores this year would also mean the initial layout of the centennial family plan was completed.

Tenghui Department Store invested nearly seven billion in the storefront at one go and then injected three hundred million in working capital.

After having money, really, everything became faster.

As usual, according to the salary investigation by Lin Jia for department store employees, the wages are generally around four to five thousand.

This is the standard for second-tier cities, whereas first-tier cities ranged between five to six thousand.

As for the industry's highest standard, Pang Donglai, it could go up to seven or eight thousand.

And the holidays are particularly numerous.

Chen Pingsheng couldn't offer his employees that many holidays all at once, but he could offer higher salaries.

Tenghui Department Store must fully benchmark against Pang Donglai. Having such a predecessor as a model for them to learn from, if they couldn't even copy properly,

it would only show that the boss wanted too much by himself.

Wanting both the service of others and not giving the corresponding wages, how could that work well?

He never scrimped on employee salaries.

First, directly benchmark against Pang Donglai, and then consider increasing it based on profits later.

In any case, he wouldn't lose money on salaries, nor would he let himself feast while his employees starved.

Hearing him say this, Lin Jia and Shen Chengjun also had a clearer understanding.

Still, adhere to the industry's highest standards.

Regarding kickbacks, the approach he implemented in Tengsheng Fresh was particularly effective.

Basically, no one dared to embezzle money in procurement, nor dared to use their little power to substitute inferior goods for good ones in order to gain high returns.

In the operation of a department store, the greatest fear is encountering problems in the procurement channels.

As long as that part is well managed and the fresh produce side is handled well, the department store would essentially be seventy to eighty percent successful.

Chen Pingsheng was very confident about starting his own department store.

After all, Tengsheng Fruits was something he built step by step, and he understood this aspect the best.

That is also why he chose to invest his most important assets in the department store.

After hustling at Tenghui Department Store for half a month, he finally managed to sort out the general affairs.

The rest was just waiting for the other side to finish the renovations and then start normal operations and sales.

...

When he was almost done with the busy work here, the luxury car center called.

The 12-seater Coaster he had ordered had arrived and was directly delivered to his house.

Asking if he wanted to come to see it, Chen Pingsheng felt it wasn't necessary.

A two million car isn't much to look at; it was mainly purchased for going home during the New Year.

The spoiled brat had been following him to the company during her vacation, and he hadn't paid attention to her for a while, so he didn't know what trouble she had caused.

When he went down to check, he almost lost his temper.

Being a little president was no longer enough for her; she also very seriously started acting like a county magistrate.

Wearing a crooked hat, standing with two rows beneath her.

The main act was just creating a ruckus.

"Wah, Peiyao's acting is so tragic, finance, give Peiyao an extra ten thousand."

"Ah~ Teacher Bai Xin, you actually play a bad woman, penalize you to do ten squats."

Chen Pingsheng stood behind her, not saying a second word, he just grabbed her fiercely.

Chen An'an was stunned, turning her head to see it was her dad.

"Dad, why hit me, I was being clever; you're making me less clever by hitting me."

"What nonsense are you causing, huh?"

"It's not nonsense. Peiyao was actually practicing acting. I was playing an emperor in it."

"You playing an emperor, give me a break."

Chen Pingsheng didn't bother with her after that, typically calling her to dinner after work, and as she passed by Jiang Peiyao, he specially asked if she wanted to go back home with them at the year's end.

After all, the Coaster could seat eight or nine people.

Jiang Peiyao would definitely want to go back with him. Coming from the same place made it more convenient for both of them.

"Alright, An'an has holidays at the end of the month, we'll head back then, you prepare early too."

Another new year.

Less than a month away from the New Year, time really flies quickly.

Tengying was also preparing for the holiday, Yang Mi's transfer to the company wouldn't be that quick, probably only after the New Year could she come over.