Franchise God - Chapter 44
Only Krnovel
Franchise God Episode 045
Chapter 8 You said you were going to open a ramen shop? (8)
“Will you sign a contract with me and become my investor?”
-Yes, that’s right.
“You paid 10 billion won and only got 5%?”
-I think that later on, it will become a stock that you can’t even buy 1% of for 10 billion won. I really want to get in now.
“What makes you think that? We are a new company that hasn’t even received a corporate license yet.”
-You succeeded. Lowering the cost of growing Golden Silk Umbrella Mushrooms.
“…….”
Ha Soo-young was silent for a moment.
Of course, it was a deliberately calculated silence.
Enough to make the opponent not notice your intentions and smile in satisfaction that your ‘guess’ was right.
“How did you know?”
‘Get involved. Get involved.’
-I have some connections, so I looked around. I heard you shot a ramen commercial with Jang Hyo-joo. If you sell ramen with Hwangbi mushrooms for 1,000 won, there must be a reason. I don’t think you would sell it at a loss.
“Hey, I lost. JM Food Network is really great.”
-It’s not JM Food Network. It’s my network. Of course, I participate in the investment alone.
Jeong Seo-hee quickly added as an excuse.
I thought that if it was something that came from the JM Food Group, the investment could be rejected.
Ha Su-yeong met Jeon Seong-ryeol’s eyes for a moment.
Jeon Seong-ryeol nodded quietly, indicating that it was okay.
“Okay. When and what?”
-Are you okay right now?
“Oh, let’s do that. Then the location is….”
After telling me the location of Seongryeol Distribution’s office, he hung up the phone.
Ha Su-yeong stretched and laughed.
“It’s quite urgent.”
“Mr. Ha, I knew you would change your mind at some point. I probably would have done the same thing.”
“Please prepare a tax invoice and transaction details. But since you are an investor who invested 10 billion won, shouldn’t you know whether the yellow oyster mushrooms were really grown cheaply?”
Jeong Seo-hee showed up less than two hours later.
Literally, as soon as I hung up the phone, I got ready and came running.
Ha Soo-young showed her all the tax invoices and transaction details.
“If you look here, you can see that the cost of producing the yellow oyster mushrooms is less than 40 won per gram. Of course, if you reflect the purchase funds from Seoraksan, the story may be different, but eventually, as time passes, even that will go down.”
Jeong Seo-hee carefully checked the statements and financial statements.
“Prime Company, the corporate name of the ramen company we are making. We plan to supply to Prime Company at a price of 50 won per gram. Of course, there is a condition that all mushrooms supplied in this manner must be used only for manufacturing food products such as ramen.”
This is to prevent Prime Company from redistributing food products such as ramen instead of manufacturing them.
“So as not to touch the market price of the yellow birch mushroom.”
“We may enter the fresh mushroom market someday, but for now, our priority is to dominate the ramen market.”
“How are you going to stop consumers from buying ramen noodles and taking out the mushrooms inside to cook them?”
It was a sharp question, but it was also something that had already been agreed upon with Jeon Seong-ryeol.
“I’ll just leave it alone.”
“I was thinking of mixing the soup with the mushrooms. That way, we can prevent them from being used for other purposes.”
“On the other hand, there will be many people who buy ramen for the mushrooms. Naturally, ramen sales will increase and market share will increase.”
“Oh, I guess you could see it that way.”
“Yes, that’s why we decided not to mess with the mushrooms. Those who take out the mushrooms from our ramen and use them in other dishes are also the consumers who buy our ramen.”
“Since people know that ramen contains mushrooms anyway, reselling it at a premium will not be popular.”
“Yes.”
“The fresh mushroom market is bound to fluctuate.”
“That’s not something we need to know right now.”
Jeong Seo-hee focused on the relationship between Ha Su-young, Seongryeol Distribution, and Prime Company.
“The pine mushrooms and yellow oyster mushrooms are grown 100% under the ownership of CEO Ha Su-yeong.”
“you’re right.”
Neither Seongryeol Distribution nor Prime Company had any rights to the mushroom farm itself.
“Here is the reason why CEO Ha Su-young must be the largest shareholder of Prime Company.”
Unless most of Prime Company’s shares were Ha Soo-young’s, there was no reason for Ha Soo-young to hand over the mushrooms exclusively.
“I’ll do it, contract.”
“Please sign here.”
Jeong Seo-hee signed the investment contract and stamped her seal.
The condition was that instead of investing 10 billion won, they would receive a 5% stake in Ha Su-young.
“As an investor, I would also like to participate in management.”
“You are most welcome. We don’t have many professional managers yet. President Jeon Seong-ryeol is struggling on his own, so it would be great if you could help ease the burden.”
“What about Mr. Ha?”
“I’m so busy running the farm. I don’t have time to do anything like management.”
“Would you like to see this?”
Jeong Seo-hee showed them the business plan she had prepared.
It was also a plan that I had previously shown to Makemiya and gotten his OK.
“Wow, that’s amazing.”
Although Jeon Seong-ryeol didn’t know the specific details, he could tell that Jeong Seo-hee had a better business sense than he thought. At the same time, he could tell how long she had been preparing.
“Is it okay? It’s usable.”
When Ha Soo-young spoke with a smile, Jeong Seo-hee felt a little upset.
Is this barely usable?
Even Mr. Makemiya praised it so highly?
“If we continue like this, we will be able to establish the business without any major problems. I am already looking forward to seeing what kind of synergy the two co-CEOs will create in the future.”
“What about Mr. Ha? Aren’t you even going to put my name on the management team?”
You can put your name on the board even if you are not directly involved in management. Early investors in large companies usually do so.
“If I put my name on the management team, I’ll have to take responsibility for management failures later. That’s fine with me. I’ll just remain a shareholder. Oh, I can interfere a little bit in practical matters.”
“Yes, I understand.”
In this way, Jeong Seo-hee joined Prime Company as a new founding member.
* * *
“When I think about it again, I do think 5% is a bit of a waste.”
“Isn’t that story already over? And it wasn’t even your share, it was mine, you know?”
“Still, it’s a pity. Aren’t you investing the biggest item, the Hwangbi Mushroom, rather than the 6.5 billion? In fact, without that, this business would have been worthless.”
“Just the value of the name JM Foods’ daughter alone is worth a 5% reduction. At least, it will be possible to minimize the territorial influence of existing large corporations.”
“Minimize the tax?”
“If a new company with no background does too well in the beginning, it will naturally be subject to checks from existing large companies. But what if JM Foods’ daughter is an investor and CEO?”
“It could be mistaken for an affiliate company invested in by JM Foods.”
“It would be burdensome for the Big 3 food companies to do something frivolous since they invested in the company through their daughters. It goes without saying that it would be even more difficult for those below 4th place.”
Jeon Seong-ryeol knew how fierce and dirty the competition for market share in the distribution market was, so he immediately understood what Ha Su-yeong was saying.
The name Jeong Seo-hee will become a shield that blocks unnecessary winds.
In this way, Prime Company will be able to focus its capabilities entirely on the ramen business itself.
“It’s good because it’s good. Thanks to President Jeong Seo-hee, we’ll be able to get on the right track faster.”
“It’s not my share. Okay, I’ll stop talking about that.”
“Yes, it would be embarrassing if we had a fight with President Jeong Seo-hee for no reason. She is the person who will be running the company together in the future.”
Jeon Seong-ryeol was a little nervous.
Although I have been in the distribution industry for a long time, at best it is an agricultural product distribution company with annual sales of 9 billion won.
Running a food company with its own proper factory like Prime Company was uncharted territory for him.
I wonder if I can do it well?
“You can do it. Don’t worry too much already.”
“It’s a ghost. Did you read my mind?”
“It was written all over your face.”
Jeon Seong-ryeol chuckled lightly and then lowered his voice with a sly smile.
“By the way, if the company grows in size and becomes the number one in the industry… wouldn’t it be possible for you and President Jeong Seo-hee to do well?”
“Why me?”
“Isn’t President Jeong Seo-hee the perfect bride? The daughter of a food tycoon, beautiful, and intelligent. Doesn’t she lack anything?”
“So why me?”
“Is it that even someone as good as President Jeong Seo-hee doesn’t catch your eye?”
“The love affair between an owner and management is something you only see in dramas. If selfishness gets involved in a business, expansion becomes slow. I want to achieve my dream as soon as possible.”
Ha Soo-young didn’t seem to have even the slightest bit of rational favor.
On the one hand, Jeon Seong-ryeol was surprised at how that could happen.
Wouldn’t it be normal for a young man to be filled with excitement when he gets to have a deep relationship with such a perfect woman?
‘It looks like the wound was quite serious.’
How many heartbreaks must she have experienced at such a young age to be like that?
Since there were quite a few stories he had already heard, Jeon Seong-ryeol decided not to mention them any further.
* * *
“That’s the end of today’s mission. Let’s go home now.”
“I’ll take you there.”
“Okay, I can go by myself.”
“This is included in the date too, Seohee.”
When Jeong Jin-seok called her affectionately, Jeong Seo-hee shook her shoulders as if she was getting goosebumps.
“I’m sorry, but I really want to be alone right now. So let’s both go home. Okay, Jinseok?”
“If you say so, my lady, I am sorry but I must step down.”
“You go in first.”
“okay.”
Jeong Jin-seok shrugged and turned around.
The red Ferrari sped away, its engine roaring.
Jeong Seo-hee sighed when she saw that.
“How many times are left now… … .”
Are there about 16 left?
Jeong Seo-hee felt dizzy at the number of times she kept getting stabbed but couldn’t find the answer.
‘Should we just pretend it never happened?’
In fact, Makemiya has not made any significant investments yet.
We are in a situation where we need to raise 10 billion won to pay Prime Company right away, but we can raise that money by using the Cheongdam-dong building as collateral.
In the end, it is a situation where it is okay to move forward by joining hands with Prime Company without Makemiya’s help.
She was now overcome with the urge to cancel the appointment.
‘Hey, that can’t be true.’
But I soon gave up.
I didn’t feel like breaking a promise I had already made just because I hadn’t received anything yet.
It’s a handshake that will undermine Makemiya’s credibility in the long run.
‘Father will definitely come to check. I need uncle’s help to stop him. Let’s hold on, Seohee. Let’s hold on and endure.’
Keeping the promise I made to Makemiya has its advantages in every way.
Except for the nightmare of having to go on another date with that damn Jeong Jin-seok.
She immediately called Makemiya.
“Sir, I need 10 billion.”
-Can I send it to that account from last time?
“Yes, please.”