Franchise God - Chapter 46



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Franchise God Episode 046

Chapter 9: I’m so frustrated that I’m running? (1)

Jeong Seo-hee paid 10 billion won in investment funds, and finally, the corporate license was officially issued.

Prime Company has now been officially registered as a food corporation.

It was a new company that had an initial capital of a whopping 26.5 billion won.

The president was Jeon Seong-ryeol, and the vice president was Jeong Seo-hee.

The factory manager who was in charge of the old JM Foods factory remained in charge.

Jeon Seong-ryeol tried his best to keep the factory manager, if not the other person, and was able to prevent him from changing jobs by promising exceptional treatment.

On the day the corporate license was issued, Jeon Seong-ryeol was more excited than ever.

“I finally feel like things are falling into place.”

“This is just the beginning. From now on, you will have to work hard, no, move around.”

“I think you were just about to say that you need to work hard, but then you quickly cut it off? Did I hear you correctly?”

“You misheard. Of course I wouldn’t do that.”

There were some problems, too.

Seongryeol Distribution, which had been in charge of agricultural product distribution, suddenly appeared out of thin air.

Seongryeol Distribution holds a special meaning to Jeon Seongryeol.

Because it is a business that he started with his own hands and has fed his family for decades.

In other words, it is a place that is no different from Jeon Seong-ryeol’s alter ego.

So, at first, Jeon Seong-ryeol thought about what would happen if Prime Company absorbed Seongryeol Distribution through a merger.

But Ha Soo-young opposed it.

“I don’t think that’s right.”

“I have absolutely no intention of making a profit from the sale. I don’t need a premium. I don’t mind if the acquisition price is lower than the company’s value.”

“Price is not the issue. I also know that the CEO does not intend to merge or acquire the company with that intention. The problem is that what Sungryeol Distribution does does not fit with Prime Company at all.”

“……hmm.”

“I also think what CEO Ha said makes sense. Seongryeol Distribution and Prime’s businesses are not compatible at all. There is no element that would create synergy either.”

Now that they are a family, Jeong Seo-hee took Ha Soo-young’s side, and Jeon Seong-ryeol was lost in thought.

I didn’t feel any regret.

However, he was deeply troubled about what to do with Seongryeol Yutong, who was like a clone or a child.

“I can’t continue to run Seongryeol Distribution, and I don’t have a friend among my employees that I can trust and leave everything to…….”

It wasn’t a question of character or trust.

It was a question of age and experience.

If you wanted to leave it to someone, there might be someone you could trust, but they all lacked something so that you could completely turn your back on them and leave it to them.

“How about just selling it to another agricultural product distributor? You’ll make a decent profit, and it’ll be beneficial to you in many ways.”

Although Jeong Seo-hee suggested it, Jeon Seong-ryeol was not easily moved.

Rather, Ha Su-young opposed the sale.

“I’m totally against it. Seongryeol Distribution is a burden now, but we need to hold on to it.”

“Well, you didn’t feel like it either, Mr. President?”

“I’m not saying that I don’t like the idea of ​​Prime Company being absorbed, but that doesn’t mean that Seongryeol Distribution is completely unnecessary. Think about what I do.”

“Oh, I see.”

“Anyway, I have to supply pine mushrooms to Makemiya Investment for a year, and I also need a distribution company to distribute other agricultural products that I grow later. Of course, it’s difficult with the current size, so I have to grow the size by several dozen times.”

“Then what should I do? There’s no merger, no sale, and no one I can trust to do it. What’s the solution?”

“First, choose one of your most trustworthy employees and put him in charge. Think of it as training a person. What if you run it and lose money? Just make sure he doesn’t take bribes.”

Ha Soo-young said it casually, and Jeon Seong-ryeol became lost in thought again.

He started to verify in his head, recalling the names and faces of the employees one by one.

And shook his head.

“That won’t work.”

“Is that all?”

“It’s my fault. I never thought about raising a successor in the first place, so it’s a one-man team centered entirely around me. It wouldn’t work properly without me.”

“To be exact, there is no one within the company who can replace the president.”

“yes.”

To begin with, it was a company in which Jeon Seong-ryeol owned 100% of the shares, and the employees were literally just hired employees.

All they had to do was get a salary and do what the boss told them to do.

He did not have the qualities of a businessman who could take charge of and run a business.

“It’s difficult. I don’t know about Prime Company, but I really need an agricultural product distribution company.”

If you think about the future anyway, you need to have a distribution company.

Rather than starting from scratch, it is much better to grow a distribution company that has accumulated decades of experience.

“Boss, then let’s do it this way.”

“Is there a way?”

“Please hand over Seongryeol Distribution to me.”

“Are you going to take charge of it and run it yourself?”

“No. As I said, I don’t want to do any more troublesome management stuff. I just want to take ownership. Instead, I need to find someone who can take over and run Sungryeol Distribution on my behalf.”

Jeon Seong-ryeol thought quietly.

It is a company that is like my alter ego, to which I have devoted myself for decades.

He was also a wonderful guy who made it possible for his family to live comfortably like they do now.

It’s heartbreaking to even think about selling that guy.

But what if it’s Ha Soo-young?

‘If it’s President Ha, it’s okay. He’s trustworthy.’

“Don’t do that.”

“I will invite experts to appraise it and purchase it at a 20% premium on the final value.”

“Hey buddy, we don’t have to go that far. I’ll just give it to you for a reasonable price. I don’t mind if you give it to me for ten thousand won.”

“The closer the relationship, the more certainty you have to have in your financial relationship to avoid any problems later.”

‘It doesn’t look good for a food company like Prime Company to acquire a distributor, but it doesn’t matter if the two are grouped together.’

“By the way, the company name will change, so don’t be too upset.”

“Okay. What should I change it to?”

“Prime Distribution Company.”

“What, what?”

Jeon Seong-ryeol opened his eyes wide for a moment, and then suddenly burst into laughter.

“Poohahaha!”

After laughing heartily, Jeon Seong-ryeol spoke with eyes filled with a strange emotion.

“I really like that name. It’s incomparable to Seongryeol Distribution.”

“I’m glad you like it. It’s time for me to transition to corporate farming anyway. The farm was getting too big.”

“Then, from now on, the Hwangbi mushrooms will be delivered through Prime Distribution Company and not through you.”

“Yes, that will happen.”

Ha Su-yeong soon called in experts to calculate the exact value of Seongryeol Distribution.

Since the value was calculated excluding the points of pine mushrooms and golden umbrella mushrooms, the value was not as great as expected.

It was a value that was just right for an agricultural product distribution company with annual sales of 9 billion won.

Now, it wasn’t that much money for Ha Su-young or Jeon Seong-ryeol.

“This company is now mine. I can do whatever I want with it.”

After signing the stock purchase contract, Ha Su-yeong said that, and Jeon Seong-ryeol laughed and held her hand.

“He’s someone I’ve cherished for a long time. I’ll be counting on you to take good care of him in the future.”

“Yes, of course.”

‘The boss will have to come back anyway.’

Of course, I didn’t say that out loud.

Since the priority right now is to get the ramen food industry on track, we sent Jeon Seong-ryeol to Prime Company.

However, Jeon Seong-ryeol is not a person suited to manufacturing ramen.

Why throw away decades of experience and knowledge accumulated in distribution?

Once Prime Company was established and Prime Distribution Company grew in size, we planned to bring him back as president.

‘Ultimately, President Jeon Seong-ryeol will be in charge of agricultural product distribution, and President Jeong Seo-hee will be in charge of the food company. It’s a perfect fit.”

Ha Soo-young felt satisfied as her plan was going according to plan.

‘By the way, I’m really surprised at the word ‘new word’. It’s not ‘god fish’ but ‘god language’. It would be nice if a seafood item was created at this point… No, wait a minute?’

Ha Soo-young paused for a moment as a brilliant idea occurred to her.

‘How can you only grow crops with elixir? Can’t you also grow fish easily? Okay, I’ll try it later when I have some free time. Right now, I’m going to hold off since I don’t have enough money to grow crops.’

* * *

Park Ki-soo has been out of his mind these days.

My friend Wonjae Lee got scolded by the manager at Seohae Foods for not being able to find out anything about pine mushrooms.

Because of this, his dream of moving to Seohae Foods with his pine mushroom distribution business was also shattered.

Now, he had to be careful not to expose the connection between himself and Lee Won-jae.

Fortunately, not only CEO Jeon Seong-ryeol, but also none of the employees doubted him.

In the first place, the issue of the theft of pine mushroom distribution has never been revealed…

Now, only you and Wonjae Lee need to keep your mouths shut.

The company atmosphere was pretty good.

“You can’t believe you’re getting a year’s worth of advance payment from Makemiya Investment. That’s really incredible.”

“You said you made 10.2 billion with that one contract?”

“Wow, our company’s annual sales are 9 billion, but this is 10.2 billion.”

“I’ve been working at this company for over 10 years, but this is the first time in my life that I’ve received a performance bonus. Everyone, when you see President Ha Soo-young’s face, bow to him at least once.”

Seongryeol Jeon, who had billions of won in his hands, felt good and gave each employee 3 million won in performance bonuses.

In fact, there is no contribution from the employees in concluding the Songi contract, but when is it time to show kindness?

Meanwhile, an incident occurred where Seohae Foods purchased 10 billion won worth of golden silk umbrella mushrooms.

I looked around to see if my friend was involved, but it turned out to be something done by a different department.

-Ki-su, because of you, I got a big thumbs up from the manager.

“I’m sorry. I didn’t mean to do that…”

-You should have at least told me about the Golden Silk Umbrella Mushroom. If our department had promoted that, I would have saved some face.

“I didn’t know that either.”

While I was spending those anxious days, I suddenly heard some unexpected news.

“Hey, did you hear that?”

“what?”

“President Ha Su-young bought our company.”

“What? What does that mean? Why is the boss selling us out?”

“To be exact, CEO Ha Su-young and our CEO partnered to start a food company, but I think our CEO took charge of the management of that company and CEO Ha Su-young took charge of our distribution company.”

“Then our partnership has become stronger. That’s fortunate.”

Although the facts were a little different, the employees generally took the situation positively.

“But doesn’t CEO Ha Su-young have any experience in distribution?”

“No. Maybe one of us will be promoted and put in charge of the salaried job?”

“Because I’m a salaried worker….”

While everyone was so excited about their dreams, Ha Soo-young sent out a notice to all the employees.

– We will hold a promotion interview. Those who are deemed suitable will be given the position of president or executive officer of our company, which will be renamed Prime Distribution Company.

Although it is still a small distribution company, it is clear to anyone that it is about to undergo full-scale expansion.

Senior employees who have been with the company for more than 10 years are full of dreams.