Chapter 226： doomed project
Chapter 226 A project destined to have no prospects
"Sorry, VIP, the box is already full, but the seats in the corner are relatively quiet."
Hearing this handsome guy who seemed to be in charge asked, the female welcome replied with a smile.
"Um."
Frowning, Xu Renshan, who was not going to change restaurants, nodded in response.
Li Yanfei, who also thought of something, already had a little white figure dancing there in her mind.
Hahaha, today's weather is really nice.
Following the two of them quietly to their seats, Concubine Li Yan wanted to take the initiative to sit inside, but she was afraid that Xu Mutou would do something 'stupid', so she prepared to wait for the other party to sit down first.
Only by static braking can we remain invincible.
"You sit inside."
Noticing the look in the eyes of the male customers at the next table, Xu Renshan asked them to sit in first, lest some uncles with bad intentions peeked.
I don’t know what’s so good about this short skirt. It’s not like he hasn’t seen it when he was in college. He has seen it for four years, and there is nothing new. It would be nice to wear a longer skirt.
"Oh."
After hearing what Xu Mutou said, Concubine Li Yan was overjoyed, and sat inside with a calm face.
Sitting casually on the long wooden bench next to Concubine Li Yan, Xu Renshan smiled and asked the male student opposite: "Huai'an, order first."
"Thank you monitor."
Taking the menu, Zhou Huaian was not polite, ordered one meat and one vegetarian, and handed the menu back.
"All right."
Added two meat and four vegetables, Xu Renshan confirmed with the waiter without consulting the long-legged female student next to him.
People who rub off on food have no right to choose.
Li Yanfei on the side, seeing her two favorite dishes in it, naturally wouldn't have any opinions.
Hmph, her Xu Mumu is hard-spoken and soft-hearted.
"Okay, please wait a moment."
After the waiter left, Xu Renshan took a sip from the water glass and asked about the other party.
You are not very familiar with each other yet, some things are more appropriate to say at the dinner.
"Squad leader, I did a campus bicycle project before, and it has been promoted in the university campuses of Hangzhou, Ningcheng, and Wencheng. Basically, we have already occupied most of the bicycle rental market in Jiangxi province's universities. It is preparing to expand to colleges and universities in neighboring provinces. However, now that we have encountered some funding problems, I wonder if the monitor is willing to invest?"
Speaking of the funding problems he encountered, Zhou Huaian took the lead in talking about the potential of his project.
When he first started his business, he received an investment of millions of dollars and the support of major universities in Hangzhou, and he expanded rapidly in the early stage.
After a period of time, Zhou Huai'an received nearly 10 million investment in a row, and even won him the title of Jiang Province's Top Ten Outstanding University Students.
However, as the expansion of colleges and universities in the three places ended, there was a bottleneck in the campus bicycle rental business, and the original investors did not have follow-up funds to add in, so the plan to enter the bicycle rental business of colleges and universities in neighboring provinces had to be stranded halfway.
What is embarrassing now is that with the current profitability of his company, the income from the campus bicycle rental business has been unable to pay the repayment amount of the bank loan, and the funding gap continues to expand.
Without a big enough market, Zhou Huaian couldn't continue to make money for subsequent investors and let them pour money in.
Originally, he also thought that after occupying the bicycle rental business of colleges and universities in seven southern provinces, he would cash out and leave the market in a cool way, becoming a multi-millionaire without the pressure of life.
But this plan in Zhou Huai'an's budget ran into trouble in the initial sprint stage.
For this reason, Zhou Huaian tried his best to find a suitable takeover, no, it was to find a discerning investor.
Entering Jiang University's MBA executive class this time is also Zhou Huaian's first channel to find new investors.
Before, he made contact with You Buqun, who was most like a rich second generation, and found that the other party had no independent financial ability at all, so he immediately changed his target.
"Campus bicycle rental? You mean the gardenia bicycle that appeared two years ago?"
After listening to the other party's narration, Xu Renshan thought of the rental bicycle that appeared on the campus of Jiangda University in his senior year, and asked in surprise.
Of course, his superficial surprise was feigned.
On his first day as monitor, Xu Renshan knew the simple background of this sports committee member.
"Yes, I didn't expect Mr. Xu to know the name of our company."
Seeing the other party say the name of his company in one sentence, Zhou Huaian was overjoyed, but at the same time replied calmly.
It seems that he is one step closer to succeeding in fooling around.
"How is your company's current revenue?"
After Zhou Huaian confirmed, Xu Renshan, who did not directly refuse, asked about the operation of the campus bicycle rental.
Barely, he can be regarded as half an investor. It is always good to learn about fields that he is not familiar with.
"Now our company covers the market of 19 colleges and universities in three places. The monthly rental income is 550,000 yuan and the advertising income is 100,000 yuan. The total income is about 650,000 yuan, the expenditure is about 400,000 to 450,000 yuan, and the monthly profit can exceed 200,000 yuan. "
Regarding this issue, Zhou Huaian didn't hide too much, but just slightly beautified the numbers.
Of course, he didn't dare to beautify it too much. After all, if the other party wants to invest, they will definitely find a professional to audit and check. At that time, it will not look very good.
"With the loan, how much is the monthly payout? What is the funding gap?"
Not being confused by the other party, Xu Renshan rounded up the revenue and expenses, and almost reached a certain conclusion.
The other party spoke in a hype, really like that, the future is bright, and there are many investors, so there is no need to find him, a classmate who is not familiar with him.
"The loan is about 520,000 yuan a month, and there is still a 10-month loan repayment period. There is a funding gap of 4.5 million yuan."
Seeing that the other party explained the potential 'negative equity' in one word, Zhou Huaian, who was a little embarrassed, nodded and replied calmly.
This squad leader doesn't seem to be easy to fool.
"320,000 a month, shouldn't it be 3.2 million?"
It was rare, Li Yanfei, who was listening on the side, calculated secretly, and asked in surprise.
After the bicycles in the school appeared, she rode them for a while. She spent about a hundred yuan in her senior year and a half. Seeing that the business was doing well, she never thought that she owed so much money to the bank.
After doing the math, one month's loan repayment can pay off one of her limited edition bags, but that bag is also the most expensive one she bought.
On weekdays, Concubine Li Yan is still very economical, determined to save money to support Xu Mumu.
“The rental income for two months of summer vacation and one month of winter vacation is very little, but equipment maintenance costs and labor costs are indispensable. I can save as much as I can, and my salary has not been paid for three months.”
Facing Bai Fumei's innocent eyes, Zhou Huaian replied a little embarrassedly.
In fact, his stall was too big before, and he wanted to quickly expand the market in the short term and attract more funds to enter the market, so he borrowed a lot of money from the bank to invest in it, but he got away with it.
Not all colleges and universities are as large and have a large number of people as Jiangda University. For some colleges and universities with a small area, the bicycle rental market is not large.
Especially during the 3-month vacation of colleges and universities every year, there is no shortage of equipment and labor expenses.
Another point, what Zhou Huaian didn’t say is that some of the subsequent bikes will reach a two-year replacement period, and there will be a huge expenditure there.
No big profits can be seen in the short term, and there are other people entering the competition, which is why the original few investors no longer pursue investment.
Of course, Zhou Huaian didn't mention all the funding gaps at the beginning, so as not to scare away potential investors, let's get through the immediate crisis first.
"I'm not very optimistic about this project."
Having roughly understood the plight of the other party, Xu Renshan expressed his decision with some regret.
(end of this chapter)
"Sorry, VIP, the box is already full, but the seats in the corner are relatively quiet."
Hearing this handsome guy who seemed to be in charge asked, the female welcome replied with a smile.
"Um."
Frowning, Xu Renshan, who was not going to change restaurants, nodded in response.
Li Yanfei, who also thought of something, already had a little white figure dancing there in her mind.
Hahaha, today's weather is really nice.
Following the two of them quietly to their seats, Concubine Li Yan wanted to take the initiative to sit inside, but she was afraid that Xu Mutou would do something 'stupid', so she prepared to wait for the other party to sit down first.
Only by static braking can we remain invincible.
"You sit inside."
Noticing the look in the eyes of the male customers at the next table, Xu Renshan asked them to sit in first, lest some uncles with bad intentions peeked.
I don’t know what’s so good about this short skirt. It’s not like he hasn’t seen it when he was in college. He has seen it for four years, and there is nothing new. It would be nice to wear a longer skirt.
"Oh."
After hearing what Xu Mutou said, Concubine Li Yan was overjoyed, and sat inside with a calm face.
Sitting casually on the long wooden bench next to Concubine Li Yan, Xu Renshan smiled and asked the male student opposite: "Huai'an, order first."
"Thank you monitor."
Taking the menu, Zhou Huaian was not polite, ordered one meat and one vegetarian, and handed the menu back.
"All right."
Added two meat and four vegetables, Xu Renshan confirmed with the waiter without consulting the long-legged female student next to him.
People who rub off on food have no right to choose.
Li Yanfei on the side, seeing her two favorite dishes in it, naturally wouldn't have any opinions.
Hmph, her Xu Mumu is hard-spoken and soft-hearted.
"Okay, please wait a moment."
After the waiter left, Xu Renshan took a sip from the water glass and asked about the other party.
You are not very familiar with each other yet, some things are more appropriate to say at the dinner.
"Squad leader, I did a campus bicycle project before, and it has been promoted in the university campuses of Hangzhou, Ningcheng, and Wencheng. Basically, we have already occupied most of the bicycle rental market in Jiangxi province's universities. It is preparing to expand to colleges and universities in neighboring provinces. However, now that we have encountered some funding problems, I wonder if the monitor is willing to invest?"
Speaking of the funding problems he encountered, Zhou Huaian took the lead in talking about the potential of his project.
When he first started his business, he received an investment of millions of dollars and the support of major universities in Hangzhou, and he expanded rapidly in the early stage.
After a period of time, Zhou Huai'an received nearly 10 million investment in a row, and even won him the title of Jiang Province's Top Ten Outstanding University Students.
However, as the expansion of colleges and universities in the three places ended, there was a bottleneck in the campus bicycle rental business, and the original investors did not have follow-up funds to add in, so the plan to enter the bicycle rental business of colleges and universities in neighboring provinces had to be stranded halfway.
What is embarrassing now is that with the current profitability of his company, the income from the campus bicycle rental business has been unable to pay the repayment amount of the bank loan, and the funding gap continues to expand.
Without a big enough market, Zhou Huaian couldn't continue to make money for subsequent investors and let them pour money in.
Originally, he also thought that after occupying the bicycle rental business of colleges and universities in seven southern provinces, he would cash out and leave the market in a cool way, becoming a multi-millionaire without the pressure of life.
But this plan in Zhou Huai'an's budget ran into trouble in the initial sprint stage.
For this reason, Zhou Huaian tried his best to find a suitable takeover, no, it was to find a discerning investor.
Entering Jiang University's MBA executive class this time is also Zhou Huaian's first channel to find new investors.
Before, he made contact with You Buqun, who was most like a rich second generation, and found that the other party had no independent financial ability at all, so he immediately changed his target.
"Campus bicycle rental? You mean the gardenia bicycle that appeared two years ago?"
After listening to the other party's narration, Xu Renshan thought of the rental bicycle that appeared on the campus of Jiangda University in his senior year, and asked in surprise.
Of course, his superficial surprise was feigned.
On his first day as monitor, Xu Renshan knew the simple background of this sports committee member.
"Yes, I didn't expect Mr. Xu to know the name of our company."
Seeing the other party say the name of his company in one sentence, Zhou Huaian was overjoyed, but at the same time replied calmly.
It seems that he is one step closer to succeeding in fooling around.
"How is your company's current revenue?"
After Zhou Huaian confirmed, Xu Renshan, who did not directly refuse, asked about the operation of the campus bicycle rental.
Barely, he can be regarded as half an investor. It is always good to learn about fields that he is not familiar with.
"Now our company covers the market of 19 colleges and universities in three places. The monthly rental income is 550,000 yuan and the advertising income is 100,000 yuan. The total income is about 650,000 yuan, the expenditure is about 400,000 to 450,000 yuan, and the monthly profit can exceed 200,000 yuan. "
Regarding this issue, Zhou Huaian didn't hide too much, but just slightly beautified the numbers.
Of course, he didn't dare to beautify it too much. After all, if the other party wants to invest, they will definitely find a professional to audit and check. At that time, it will not look very good.
"With the loan, how much is the monthly payout? What is the funding gap?"
Not being confused by the other party, Xu Renshan rounded up the revenue and expenses, and almost reached a certain conclusion.
The other party spoke in a hype, really like that, the future is bright, and there are many investors, so there is no need to find him, a classmate who is not familiar with him.
"The loan is about 520,000 yuan a month, and there is still a 10-month loan repayment period. There is a funding gap of 4.5 million yuan."
Seeing that the other party explained the potential 'negative equity' in one word, Zhou Huaian, who was a little embarrassed, nodded and replied calmly.
This squad leader doesn't seem to be easy to fool.
"320,000 a month, shouldn't it be 3.2 million?"
It was rare, Li Yanfei, who was listening on the side, calculated secretly, and asked in surprise.
After the bicycles in the school appeared, she rode them for a while. She spent about a hundred yuan in her senior year and a half. Seeing that the business was doing well, she never thought that she owed so much money to the bank.
After doing the math, one month's loan repayment can pay off one of her limited edition bags, but that bag is also the most expensive one she bought.
On weekdays, Concubine Li Yan is still very economical, determined to save money to support Xu Mumu.
“The rental income for two months of summer vacation and one month of winter vacation is very little, but equipment maintenance costs and labor costs are indispensable. I can save as much as I can, and my salary has not been paid for three months.”
Facing Bai Fumei's innocent eyes, Zhou Huaian replied a little embarrassedly.
In fact, his stall was too big before, and he wanted to quickly expand the market in the short term and attract more funds to enter the market, so he borrowed a lot of money from the bank to invest in it, but he got away with it.
Not all colleges and universities are as large and have a large number of people as Jiangda University. For some colleges and universities with a small area, the bicycle rental market is not large.
Especially during the 3-month vacation of colleges and universities every year, there is no shortage of equipment and labor expenses.
Another point, what Zhou Huaian didn’t say is that some of the subsequent bikes will reach a two-year replacement period, and there will be a huge expenditure there.
No big profits can be seen in the short term, and there are other people entering the competition, which is why the original few investors no longer pursue investment.
Of course, Zhou Huaian didn't mention all the funding gaps at the beginning, so as not to scare away potential investors, let's get through the immediate crisis first.
"I'm not very optimistic about this project."
Having roughly understood the plight of the other party, Xu Renshan expressed his decision with some regret.
(end of this chapter)
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