Franchise God - Chapter 51



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Franchise God Episode 051

Chapter 11 Why is Mom there? (1)

“Is the wild boar extermination operation being prepared step by step?”

“Of course. I collected evidence without fail. I even investigated where the stolen mushrooms were sold.”

“Then isn’t it time to blow it up now?”

“I’m not sure yet. There’s so much of a perception in these communities that we’re the others, so if you’re going to mess with them, you really have to be determined.”

“I guess you’re planning on asking properly.”

“You’re asking for it to hang on?”

Ha Soo-young looked at him as if she had heard an absurd story, and Jeon Seong-ryeol thought back to see if he had said something wrong.

“I’ll just gnaw at you. Until your hands and feet start to bleed and tears start to fall from your eyes just by looking at my teeth.”

“Huh? Your hands and feet are dripping? Are your tears trembling?”

“Oh my, I was so excited that I tangled up my words. Please listen carefully.”

Ha Soo-young smiled nonchalantly, then changed her expression and asked.

“By the way, how are the ramen sales? I haven’t paid attention to them for about four days.”

“Don’t worry. It’s selling very well. The market share is also steadily increasing.”

When the topic of ramen came up, Jeon Seong-ryeol became excited.

“If we do this well, we might reach 600 billion won in sales within the next six months.”

“Sales of 600 billion won per half year.”

“That’s a huge amount of money, over a trillion dollars a year. It’s a huge amount.”

Jeon Seong-ryeol, who had been so obviously fond of her, soon remembered what Ha Su-yeong had said before and made an embarrassed expression.

“Of course, it won’t be noticeable to you at all.”

“I’m just being too greedy and looking too far ahead, but the reality is that it’s already huge.”

“Right? It’s not like I like it like that?”

“Of course. So, sir, please do as you please. Are you having the best time at home these days?”

“It’s fun coming home these days. You have no idea how sweet my wife is. The kids are already clamoring to buy me things.”

“I thought you were quite wealthy even before that.”

“Hasn’t it changed completely since before?”

As the president of Prime Company, Jeon Seong-ryeol’s salary is not that much.

It’s 6 million won per month before tax.

It’s not a small amount of money, but it’s still a drop in the bucket compared to the money he made while running Sungryeol Distribution.

Although it was a small business, Jeon Seong-ryeol was a self-employed person who was doing well in his own way.

“I’ve been consistently taking home more than 250 million won every year while working in the distribution business. But now that it looks like it’ll be more than twenty times that, my wife is really excited.”

“I guess so. If your household income suddenly increases by more than twenty times, only the household manager will be happy. But it’s not a small amount of money, so does your wife manage it all?”

“Where would a businessperson entrust his wife with managing his money? I just give her living expenses. Last night, she asked me with sparkling eyes how much she would raise my living expenses, and I couldn’t help but laugh.”

“So how much did you decide to raise it?”

“They decided to double the raise. The kids’ allowances will also be doubled.”

“You’ve been very generous.”

“My wife and kids aren’t the type of people who would spend extravagantly just because they give them more money.”

“But isn’t it too humble to estimate more than twenty times? Compared to Seongryeol Distribution, the annual sales would be more than a hundred times higher.”

“If I told him that I would earn more than a hundred times the amount in the future, he knew what would happen to his family, so he lowered his estimate appropriately.”

“All married men, whether they have a lot of money or not, create slush funds.”

“No, why is this slush funds?”

“Then let’s say no. I’ll keep it a secret from your wife about how much the boss takes.”

Before we knew it, the extraction and loading work was nearing completion.

Jeon Seong-ryeol opened his mouth again, looking at the boxes being loaded onto the trailer.

“What happens if sales exceed 1 trillion won this year?”

“Our operating profit is higher than that of other ramen companies. Around 8%?”

“It’s over 80 billion, so it’s already surpassing 39 billion in an instant.”

Currently, Prime Company’s shares are 46% owned by Ha Su-young, 5% by Jeong So-hee, and 49% by Jeon Seong-ryeol.

Jeon Seong-ryeol must transfer 1% of his shares to Ha Su-yeong every time the accumulated profit reaches 1 billion won.

When the accumulated profit reaches 39 billion, 39% will be transferred, and Jeon Seong-ryeol’s stake will stop at 10%.

Ultimately, Ha Soo-young would be 85%, Jeon Seong-ryeol would be 10%, and Jeong So-hee would be 5%.

“I thought it would be achieved next year. I never expected it would be achieved this year.”

“It’s because you lack faith. I believed in the power of the yellow mushroom.”

“What about dividends? It would be better to reinvest the profits in business expansion, right?”

Jeon Seong-ryeol thought it would be like that and asked.

But Ha Soo-young’s answer was a bit unexpected.

“Let’s pay out more than half each.”

“Why don’t you focus more on reinvestment?”

“I need to buy a building in Cheongdam-dong. To do that, I need to have dividends.”

“Boss, I’m working hard and sweating to become the owner of a building in Cheongdam-dong. But there aren’t many buildings in Cheongdam-dong for sale. If one comes up, I have to buy it right away. That’s why I have to keep a lot of cash on hand.”

“No, but isn’t it a bit excessive to pay out more than half?”

“But if I lose the property in Cheongdam-dong because I don’t have enough cash, I’ll be upset. It’s like the ends and means are reversed.”

Jeon Seong-ryeol thought.

It seems like this is where the ends and means have been reversed?

However, from Ha Soo-young’s perspective, it was difficult to refute the argument because it made sense.

He said that his dream is to become the best building owner in Cheongdam-dong.

“Instead, let’s do the transfer of shares after the end-of-year dividend is paid.”

“Is that okay? Isn’t it too much of a loss for you?”

“I think it’s right for me to be considerate to this extent. I don’t want the boss to feel needlessly upset either.”

If the stock is transferred first and then dividends are paid, it would be a loss for Jeon Seong-ryeol.

But if the dividend is paid first, Jeon Seong-ryeol can take only 49% of the total dividend.

* * *

Sales of Hwangbi Mushroom Ramen have now surpassed 40 million units.

At 1,000 won per unit, it means sales of 40 billion won.

Once the fire was lit, the momentum of the Hwangbi Mushroom Ramen continued without stopping.

Jang Hyo-joo could be seen eating ramen in prime time advertisements almost every day, and Hwangbi Mushroom Ramen sold out as soon as it entered the market.

The ramen industry, which had initially watched with laughter, began to feel a faint sense of alarm.

“Do you have the financial resources to take on this much damage?”

“Wait a minute, how much damage have those guys suffered so far? Estimate the minimum.”

“Assuming that we lose 7,000 won for every unit sold, we would have lost 280 billion won.”

“What? Does that make sense?”

“A company with capital of 26.5 billion won is developing a market while suffering a loss of 280 billion won in less than a month? What kind of nonsense is that?”

At first, I vaguely thought that I would lose money every time I sold it, and that if I just left it alone, it would self-destruct.

But when no change occurred, they started to seriously calculate their sales losses and realized that it was a level that a new company could never afford.

“It’s one of two things. Either Prime Company is actually a Saudi royal family company, or they make a profit every time they sell.”

“If you have 80g of yellow oyster mushrooms, you should be able to get them for 7,500 won even if you can’t get them wholesale. Isn’t that the only way to make a profit?”

“It may be that they are supplying it at that price.”

“Even so, from the wholesaler’s perspective, it’s a business with no margin whatsoever, so why do they do that?”

“How would I know that?”

“Damn it, let me find out where Prime Company gets their yellow birch mushrooms!”

Because golden umbrella mushrooms are considered a high-quality food ingredient with a very high manufacturing cost, only a few farms in Korea are capable of producing them.

But as the ramen company employees made calls to several farms and distributors, they discovered something strange.

“I just asked Jinseong Farm. They said they haven’t received any new orders for yellow oyster mushrooms. In fact, demand for their supplies has decreased, so they’ve lost a bit more than before.”

“The same goes for the croaker farm.”

“I also asked Colli Distribution, and they said that the demand for Hwangbi mushrooms has not increased at all. Rather, demand has decreased in the market, so there is an excess of stock. I think it’s because of Hwangbi mushroom ramen.”

“Why is it because of the yellow radish mushroom?”

“When cooking oyster mushrooms at home, they say you buy oyster mushroom ramen and take out only the mushrooms inside to cook it.”

“…….”

Taeyangsim Executive Director Park Jeon-bo was speechless.

“If you want to buy 80g of yellow oyster mushrooms, you have to pay 8,000 won. In that case, it would be better to spend 1,000 won and buy yellow oyster mushroom ramen and use only the mushrooms inside.”

“Well, then……”

“There are quite a few housewives who buy ramen not for the ramen but for the oyster mushrooms. At least a quarter of ramen sales are probably for mushrooms that are purchased to be used in other dishes.”

“Do you think that makes sense?”

“But it’s true. That’s the market situation right now.”

“Okay, let’s say Prime Company sells ramen while making a small profit. Then what kind of idiot would supply mushrooms at such an absurd price?”

“…….”

“…….”

At the shouting of Executive Director Park Jeon-bo, the employees kept their mouths shut and just looked around.

No one wanted to be at the forefront of the fight against the injustice.

Someone is mass producing yellow birch mushrooms and supplying them to Prime Company.

However, it is completely unknown who it is or how much it is supplied for.

If there is such an eccentric farm owner, word of it should spread in the market somehow.

This means that they do not sell any yellow truffles on the market and deal directly with Prime Company.

“This… something is really wrong?”

“I think we were too complacent.”

“I thought it was ridiculous that a startup with some money was doing business so carelessly. I should have watched it a little more closely.”

The executives of Taeyangsim were finally beginning to realize that the situation was not normal.

Since I would be losing money on every sale, I didn’t intentionally hinder sales growth.

They did not try to block the promotion of their own products, nor did they attempt to use the media to create confusion.

I thought it would soon fall apart, so I just held a prayer service and watched happily.

But I think I completely misjudged the situation.

At that time, an employee who was making phone calls here and there was so shocked that he shouted out his report.

“Director! There is a place that recently received a delivery of 100 tons of yellow oyster mushrooms at once!”

“What? 100 tons at once?”

That’s right there!

“where are you?”

“This is Seohae Foods. Our parent company……”

“No, why is our parent company there?”