Chapter 74: 74 Acquisition and Renaming

The next day.

Xu Yang and Zhao Yuqing went to Fishfire Manor together and met the owner, Jiang Tai.

Zhao Yuqing introduced the two to each other, and the three of them took their seats separately.

Jiang Tai said, “Mr. Xu, I believe Mr. Zhao has already told you about my situation. I need 28 million yuan. If you’re willing to acquire it, do so; if not, let’s not waste any more time talking.”

That was his bottom line. Only with 28 million could he pay off his gambling debts.

The house was mortgaged, a few luxury cars were sold, leaving only an old Audi A6.

If the old Audi A6 could’ve sold for a decent amount, he would have wanted to sell it as well.

He had asked every relative and friend from whom he could borrow money and he had gathered quite a sum.

Even then, he was still 26 million short.

He needed 28 million so that he could have 2 million left over to live on.

To be honest, if he hadn’t been driven into a corner, he would never have considered selling Fishfire Manor.

Fishfire Manor’s annual profit was around 10 million yuan, so in about three years, he could’ve earned back the asking price of 28 million yuan.

But once sold, he would lose this profitable brand for good.

In the future, thinking about starting over as a boss and building up a new brand seemed almost impossible.

He probably wouldn’t have the chance to be his own boss for the rest of his life and would have to work for others.

Gambling truly brings disaster.

If he could do it all over again, he definitely wouldn’t gamble.

But in this world, time cannot be turned back.

Having reached this point, even regrets are too late.

But getting that 28 million was crucial; he must leave 2 million for living expenses, or else life would be incredibly tough in the future.

Having 2 million in reserve could at least ease some pressure.

Xu Yang frowned slightly, “Mr. Jiang, there’s no room for reduction?”

When he last acquired Fengcai Guild, Yang Tiancheng also straightforwardly named the acquisition price, take it or leave it.

It seemed that the other party was also quite decisive.

Jiang Tai shook his head, “There can be no reduction, this is my bottom line. Otherwise, I won’t be able to survive. I’d rather live with the gambling debts than that.”

Xu Yang pondered for a moment, then nodded, “Alright, 28 million it is.”

Since he had already decided to acquire it, and the other party’s stance was so firm, Xu Yang had no choice.

After all, Fishfire Manor’s financial condition was good, with no problems at the core.

Therefore, taking over and transforming it would be fairly easy.

He still had one billion on him, so 28 million wasn’t too much for the current him.

The two signed the contract, and Xu Yang transferred 28 million to Jiang Tai.

With that, Xu Yang became the new owner of Fishfire Manor.

Xu Yang asked Jiang Tai to convene a meeting with the senior managers, got to know them briefly, and ordered the president’s office to announce the news.

After the proceedings, Jiang Tai asked, “Mr. Xu, can I stay on as president?”

He was going to work for others now, but if possible, he wished to continue working at Fishfire Manor.

He had founded Fishfire Manor and managed it well, proving his competence.

He served as president and should have had a decent income.

Although he felt that Xu Yang would definitely let someone familiar take over the management, he still thought he should ask.

If Xu Yang was willing to let him stay, then he wouldn’t need to look for a job elsewhere.

Xu Yang shook his head and said, “I’m sorry, but I’ve already selected someone for the president position.”

“That’s too bad,” Jiang Tai said, somewhat disappointed, and then said, “Mr. Xu, I’d be willing to take a vice president role, can I stay on?”

He was lowering his demands since working in a familiar environment would be better.

Moreover, the salary for a vice president of the company wasn’t low either.

Xu Yang glanced at Jiang Tai and said bluntly, “Mr. Jiang, I’m sorry, but I have no intention of hiring you. You’ve lost money gambling, and I think you are someone who doesn’t know how to control their emotions. I don’t trust you with any managerial position.”

Xu Yang truly didn’t trust Jiang Tai with any managerial position.

Moreover, since Jiang Tai was the original owner of Yu Huo Ren Jia, keeping him on would certainly influence many people, and this wouldn’t be conducive to Zhao Hai taking over the management and reform of Yu Huo Ren Jia later on.

Jiang Tai gave a bitter smile, “I understand.”

Although Xu Yang’s words were hard to hear, they were true nonetheless.

He indeed hadn’t controlled himself well, which had led to his current situation.

If it had been him, he probably wouldn’t have continued to employ such a person either.

With no other choice, Jiang Tai packed up his things and left.

In the following days, Xu Yang registered an investment company called Yang Xin Investment, with Xu Yang holding sixty percent of the shares and Zhao Yuxin holding forty percent.n/o/vel/b//in dot c//om

He also appointed the vice president of Fengcai Guild to be the general manager of the investment company.

He changed the registered name of Yu Huo Ren Jia to Jiang Di Lao.

And he altered Fengcai Guild and Jiang Di Lao into wholly-owned subsidiaries of Yang Xin Investment.

After getting these tasks done, Xu Yang took the printed materials and went to his father-in-law’s restaurant.

“Dad, these are some of my ideas about running a hot pot restaurant. Please take a look.”

Xu Yang had printed out all the secrets of success for Jiang Di Lao and handed them over for his father-in-law to review.

In the future, Zhao Hai would be the president of Jiang Di Lao. These matters needed to be handled by Zhao Hai, and the first step was to win Zhao Hai’s approval.

Zhao Hai flipped through it and became more and more astonished.

The information inside was terrifyingly detailed.

Employee training, store selection, decoration design, service projects, compensation systems, incentive systems, and more.

After reading, Zhao Hai couldn’t help but exclaim, “Xu Yang, it seems that you didn’t buy Yu Huo Ren Jia on a whim. You’ve prepared so much. At first, I didn’t understand why you wanted to change the name of Yu Huo Ren Jia, but now I get it. With this data, just following what’s written here for operational management, Jiang Di Lao definitely won’t have trouble developing.”

Xu Yang smiled, “Dad, do you see anything that needs to be added?”

Zhao Hai shook his head with a wry smile, “No, this document, in my eyes, is flawless. Just follow what’s laid out here.”

Xu Yang said, “Dad, then I’ll need your help moving forward. We’ll go to the company together tomorrow.”

Zhao Hai nodded, “Okay, I’ll familiarize myself with this document tonight.”

Xu Yang continued, “Dad, about merging your restaurant into Jiang Di Lao, if the employees are willing to stay, they can all join Jiang Di Lao and receive standard training. Initially, I was thinking of keeping your restaurant separate with a certain percentage of dividends for you, but then I thought it over and decided against it. You’ll serve as Jiang Di Lao’s general manager. In addition to a regular salary, I’ll give you ten percent of Jiang Di Lao’s shares. How does that sound?”

This was something he had carefully considered. Giving his father-in-law a certain percentage of shares would be good for everyone.

Zhao Hai hurriedly shook his head, “Xu Yang, we’re all family. It’s okay if the restaurant doesn’t share dividends. I’ll just act as general manager and take a salary. How can I still ask for shares in Jiang Di Lao?”

He could imagine how valuable Jiang Di Lao would become as it developed further.

Ten percent of the shares would be an astronomical figure for him.