No regrets ninety-two

Chapter 828 Terrible Profits
This is really a good time to make money.

If it weren't for the year-end summary meeting, Wu Xiaozheng might not be very clear about how profitable the companies under him are now.

Before the Chinese New Year, Wu's company has two meetings to hold.

One is the year-end summary meeting.

This is attended by senior managers of various companies, which is to summarize the past and look forward to the future.

The other is the annual meeting.

This is a celebratory meeting, which will be attended by employee representatives from various units under Wu's enterprise.

Due to limited conditions, it is not possible for all members to participate together this year.

The first thing to be held is naturally the year-end summary meeting.

On the day when the meeting was held, all the senior managers of the Wu family gathered in Chef Wu's building.

Wu Xiaozheng set the meeting place in the banquet hall of the flagship store of Chef Wu's restaurant in the provincial capital.

This place is the first to be renovated, and it has not yet officially opened to the public. It is the most suitable place to hold company meetings, and the conditions are much better than renting a hotel outside for meetings.

After doing the math, there are really quite a few companies under the Wu family.

For the Chef Wu Group alone, a food company, a wine company, and a restaurant chain company are all large-scale enterprises.

At the same time, under its umbrella are the Great World Karaoke Hall in charge of Ouyang Pangpang, and the performing arts company in charge of Zhang Ying.

As for Grandview Group, although there is only one Changshi Grandview Plaza and one Grandview Software for the time being, the future structure may not necessarily be smaller than that of Chef Wu Group.

Soon, there will be hotel management companies, real estate companies, and property management companies under Grandview.

The meeting was chaired by Wu Xiaozheng himself.

Since it is to summarize the past and look forward to the future, the first step is naturally for the heads of each unit to summarize the past.

It stands to reason that there is a sequence in summarizing the past, for example, the companies under Chef Wu Group come first, or the companies under Grandview Group come first.

But Wu Xiaozheng didn't follow this routine.

He used the method of direct roll call.

"Chef Wu's Restaurant, come first."

The first one to sum up, naturally have to choose a family with considerable income, but it is not that complicated.

It was a person named Ye Xingyan who came to summarize on behalf of Chef Wu's Restaurant.

This can be regarded as an old man in Wu's enterprise.

He came from the supply and marketing company with Shen Mo at the beginning, and has been assisting Shen Mo in the expansion and management of chain restaurants. Later, after Shen Mo took charge of Grandview Group, he slowly handed over the chain restaurant business to him.

Facing Wu Xiaozheng, Ye Xingyan was a little nervous, but he spoke clearly.

"Chef Wu's restaurant chain company has four stores that have opened, namely the flagship store in Xiangshui, the first branch in the provincial city, the southern branch in Hunan and the second branch in the provincial city. The second branch in the provincial city is Shang Opened in the middle of the month."

"In addition, the flagship store in the provincial capital is about to open. In addition, there are five stores under construction. It is estimated that around May [-] this year, a total of ten stores will officially open for business."

……

Restaurant chain, of course, is the important word chain.

Since the Xiangshui flagship store officially opened in early July last year, only half a year has passed, and four stores have opened for business. If you add the flagship store in the provincial capital that will open soon, there will be a total of five stores. It's slow.

Not only is it not slow, it can even be called rocket speed, and it can also be called a myth in the catering industry.

And that's just the beginning.

With the mature operation of Chef Wu's restaurant, the next chain store expansion can be described as a big stride.

According to this year's expansion plan, by the end of this year, more than 30 chain stores will open.

Among them, the focus is on Hunan Province.

There are thirteen regions in Hunan Province. According to Ye Xingyan's plan, one thing must be done this year, that is, to ensure that every region has a Chef Wu restaurant open for business, and the province must have more than [-] chain stores open for business.

In the expansion plan outside the province, the focus is on Beijing, Shanghai, Guangzhou and Shenzhen, plus Hubei, Sichuan, Jiangxi, Guizhou and other provincial capitals that have a habit of eating spicy food, and will tentatively expand more than ten chain stores.

What makes Wu Xiaozheng most happy is not the data, but the profitability of each store.

Take the Xiangshui flagship store as an example.

Since the opening month, the monthly turnover of the Xiangshui flagship store has not been lower than 50 yuan, basically stable between 50 and 60 yuan.

And how high is its profit?

According to statistics, the monthly food cost of the Xiangshui flagship store basically does not exceed 10 yuan, which means that the cost of food materials for a single store is less than 20% of the revenue.

This is what Wu Xiaozheng expected.

Even in the future when raw material prices have risen sharply, the cost of raw materials for a restaurant should not exceed 25%, not to mention in this era, and Chef Wu's restaurant is positioned as a mid-to-high-end restaurant?

The same goes for the cost of fees.

The cost of this era is really not high, especially the labor cost.

Coupled with the preferential tax rate for laid-off workers, according to statistics, the cost of expenses did not exceed 20% of the revenue.

Calculated in this way, the profit margin of a single store can basically reach about 60%.

This means that the Xiangshui flagship store can contribute more than 30 yuan in profits to chain catering companies every month.

The most profitable is the first branch in the provincial capital.

Because in the provincial capital, the price of vegetables is relatively higher than that of the Xiangshui flagship store, coupled with the slightly larger scale, the monthly revenue of the first branch in the provincial capital is basically close to 70 yuan, and the profit is also maintained at more than 40 yuan.

This is a scary number.

According to Xiong Guoping's initial estimate, the total investment in this store is about 100 million yuan, and it should be able to recover the investment in about four months.

But in fact, in less than three months, his investment was paid back.

This made him very happy.

The only thing that makes him feel regretful is that his total investment can only have a share of 50 yuan, which is respectively invested in the first branch and the second branch in the provincial capital.

The happiest one is naturally Wu Xiaozheng.

Catering in this era is really very profitable.

That's really scary.

It's fine if there are only a few stores, but by the end of this year, if 30 stores open together, the profit will be really considerable.

A little more conservatively, based on the monthly profit of a single store of 30 yuan, the combined monthly profit of 30 stores will exceed 900 million yuan, and the annual profit will exceed [-] million yuan.

Because of the rapid expansion of Grandview Plaza, Wu Xiaozheng was a little worried about not having enough money at first, but now he has the bottom line.

With such a money-making machine, do you still have to worry about not having enough money?
The real money-making machines are not restaurant chains, but food companies and liquor companies.

After Ye Xingyan finished summarizing, Wu Xiaozheng ordered the second food company.

It was Liu Zhijun who made the summary on behalf of the food company.

Although he is the vice president of Chef Wu Group, he also holds a management position in a food company.

As soon as Liu Zhijun stood up, he made a joke first.

"Boss Wu, you have to be mentally prepared, don't be frightened by my summary!"

This means that the profits of food companies will be even more scary.

(End of this chapter)