sinovels Chapter 307 Buying a House and a Car
Chapter 307 Buying a House and a Car
Chapter 307 Buying a House and a Car
The ceremony for Mixue Ice Cream and three capital firms to officially sign a strategic cooperation agreement was held at Beijing's largest five-star hotel.
Amidst the deafening sounds of gongs and drums and the crackling of firecrackers, countless celebrities arrived to attract widespread attention.
On that day, representatives from all the major families and enterprises in the capital came to participate.
Even television and newspaper reporters came, more than a dozen of them.
Many viewers are curious about Wu Tao and Mixue Ice Cream. The recently popular Wu Tao has become the subject of numerous media reports.
Wu Tao and representatives from the three capital firms stood on the stage together to answer reporters' questions.
Especially when the handsome Shen Youchu and beautiful Wu Tao stood together, everyone exclaimed that they were such a perfect match.
Many families knew that the Shen and Wu families had agreed to a marriage alliance, and the two young people on the stage were even more amazed by the good fortune of the Shen and Wu families.
Every family hopes that its young members can become qualified successors.
In reality, most of them are spoiled brats. Once a true dragon emerges in the family, it will surely lead the family to take a big leap forward.
Just like the original owner's parents never imagined that their son would become a true dragon. They originally planned to lay a solid foundation for their son and hand over the business to professional managers.
Once the third generation has grown up, we can then consider selecting a suitable successor from among them.
Who would have thought that the pampered young master would suddenly display such outstanding business acumen?
Wu Tao's current achievements are truly outstanding among young people and the children of wealthy families.
Wu Tao has the potential to become someone else's perfect child. Many family elders use Wu Tao as a role model when disciplining their children and grandchildren.
With the addition of three new investors, Mixue Ice Cream's valuation has officially surpassed one billion yuan. Only when investors show genuine financial support can a valuation truly gain widespread recognition.
Wu Tao's personal assets have also successfully exceeded 600 million yuan.
Selling 30% of the shares yielded 300 million in cash, plus the valuation of the 30% stake, bringing the total assets to a solid 600 million.
With assets of 600 million, they actually rank no higher than the top 100 among the major families in Beijing.
If we only consider personal assets and limit ourselves to those under thirty, his ranking rises sharply.
If it is limited to personal investment, then it is simply a single entity.
Despite being born into wealth, he has achieved miracles that many first-generation entrepreneurs cannot.
Even Wu Tao's usually calm and serious parents called him to praise their son.
What was originally a disgrace to the Wu family has now become their pride.
Although Wu Tao received 300 million yuan in cash in one go, he was not excited.
Instead, he took the initiative to give out a bonus of ten million yuan to the employees of Mixue Ice Cream.
Mixue Ice Cream now has over a thousand employees, and the company gives each employee bonuses ranging from several thousand to tens of thousands of yuan based on their working hours and job positions.
Mixue Ice Cream employees already had very good salaries, and this bonus made everyone even happier.
Wu Tao then spent another 40 million yuan to buy a large villa, since it was still somewhat inconvenient to live with his parents all the time.
Although his parents don't come back to China often, it would be embarrassing if they came back one day and saw him fooling around at home.
Now that he has money, Wu Tao naturally won't compromise his principles. With Beijing's housing prices currently around 20,000 yuan per square meter, he bought a 2,000-square-meter villa for 40 million yuan.
This is a high-end villa area in Beijing that opened last year, with only 48 villas in the entire community.
The community boasts a greening rate of up to 30%, with artificial hills, lakes, and various rare animals roaming freely within the community.
The property management fees in residential communities can be terrifying for ordinary people. It costs ten yuan per square meter, and the monthly property management fees and water and electricity fees for a villa can be tens of thousands of yuan.
The residents here are all wealthy and powerful, which is a symbol of their status.
Wu Tao lives in villa number three. He can reach his villa's parking area by entering the underground area from the community gate.
The underground parking garage of the villa alone can accommodate fifty cars.
Wu Tao now owns a commercial vehicle and a sports car.
Now that he has money, Wu Tao isn't going to leave it idle.
They spent 20 million to buy ten sports cars and SUVs.
Wu Tao never intended to accomplish anything earth-shattering in his life.
Since I've transmigrated into the body of a rich second-generation heir, I might as well enjoy the life of a spoiled brat.
Despite having traveled through multiple worlds, this is actually the first time Wu Tao has become a second-generation rich kid in the true sense.
I remember in that world of real and fake young masters, although he was the real young master, he was not as favored as the fake young master.
Originally, Wu Tao didn't even want to start his own business. He only decided to help out his underlings Zhang Tao, Liu Feng, Chen Xiao, and Zhao Jun because they were being too eager to help him.
Wu Tao originally intended to help, but in the end, he benefited himself instead.
Zhang Tao, Liu Feng, Chen Xiao, and Zhao Jun have all become billionaires and are all vice presidents of Mixue Ice Cream Company.
With the four of them out there expanding their territory, Wu Tao could stay at home and enjoy life leisurely.
The more authority Wu Tao delegated, the more grateful they became to him.
After all, in just one year, they went from being ordinary college students to vice presidents of a large company with thousands of employees.
Besides their status, they also have wealth. Having acquired 10% of the original shares of Mixue Ice Cream, they are now genuine billionaires.
As Mixue Ice Cream continues to expand, their net worth will skyrocket again.
Zhang Tao, Liu Feng, Chen Xiao, and Zhao Jun now earn as much as 200,000 yuan per month.
Wu Tao also gave four people a special reward, with each of them receiving a car worth millions.
Having just received 300 million yuan, Wu Tao spent 130 million yuan on buying a house, a car, bonuses, and taxes.
Wu Tao deposited the remaining 150 million yuan into the bank to earn interest, and kept 20 million yuan in his hands as pocket money.
Wu Tao no longer needs his parents to give him living expenses. Now that Mixue Ice Cream has other shareholders, he will operate the company as a normal business.
Zhang Tao, Liu Feng, Chen Xiao, and Zhao Jun each earn 200,000 yuan a month.
As the CEO, isn't it reasonable for me to earn a million-dollar salary a month?
At least none of the three investors raised any objections, because Mixue Ice Cream is making money too fast right now.
A milk tea shop can generate several thousand yuan in daily revenue and an average monthly net profit of 30,000 yuan.
Even if only 300 out of 1,000 stores are directly operated and the remaining 700 or so are franchises.
With franchise fees and daily milk tea ingredient deliveries, Mixue Ice Cream's net profit has exceeded 15 million yuan per month.
If the development plan is followed as initially proposed, Mixue Ice Cream will have 3,000 stores in the future.
With 1,000 self-operated stores and 2,000 franchised stores, the net profit will exceed 50 million per month.
Fifty million a month, that's six hundred million a year. Even for a physical business, if the valuation is calculated at ten to twenty times, Mixue Ice Cream's future valuation will easily exceed six billion to ten billion.
Three investment banks invested 100 million, acquiring 10% of the original shares. With returns of several times, even ten times, in just three years, they naturally wouldn't concern themselves with the details.