Chapter 714 - 330: Making Money, Xiaogao’s Growth
Although the Old Street of South City is part of a village within the city, it is located in the city center, where every inch of land is worth gold.
Buying two buildings, even though they are only two-story old-style buildings, the value is still very high.
No matter how cheap the price is, it won’t be too low.
Plus, with such a large area, the total price is definitely no small amount.
"How much funding do we need to prepare?"
Li Jingsheng asked tentatively.
"The total price should be around 7.5 million, plus about 2% of the land transfer fee, and 3% of the deed tax. Also, there might be a management fee of around 500,000 paid to the original unit."
Dean Fu quoted an approximate total price.
It’s quite a bit lower than the 9 million Li Jingsheng estimated.
He quickly calculated it, roughly about 8.375 million.
That 500,000 management fee is an abnormal cost, could it be a ’hush money’ to the original unit?
Or an appeasement fee?
In any case, getting it at this low price is definitely profitable.
"Getting it at this price, I’ve already made a huge profit. However, as you know, I started late and my financial foundation is thin. With the hard-fought opportunity you and the hospital leaders have given me, I can’t mess it up at the critical moment. I wonder how soon the funds for the property purchase need to be in place?"
Li Jingsheng estimated that he can barely gather around 2.78 million himself, still far off.
"The deposit is about 1 million, with the 500,000 management fee, plus 2% of the land transfer fee all needing to be paid together. As for the remaining funds, they should be ready by the time the formalities are completed and you’re called in for the online signing. I estimate about one and a half to two months until the online signing, maybe a bit later. How much is the funding shortfall?"
Dean Fu asked him.
"If the remaining balance is due in two months, I might be short about 3 million."
"The young man has a promising future, being able to gather over 5 million. I’ve been a dean for ten years and haven’t earned that much. If by then you’re only short by 3 million, you could try borrowing from the bank first, and if you can’t borrow, I’ll help you find another way. However, I presume the bank will definitely agree. Running this transaction through the bank’s loan process should be beneficial."
Dean Fu’s annual income should be over 400,000.
I’ve heard the basic annual salary alone is 350,000, and the performance bonus depends on the hospital’s performance.
A few years ago, the second hospital was underperforming, but it has gradually risen in recent years.
Dean Fu’s performance bonus is likely substantial.
As for whether there’s any grey income, only the person involved would know.
For a dean at a tier-3 hospital like this, making about 2 million a year isn’t a problem if they’re cautious.
For the bold, it can go wild.
Making tens of millions or more a year is possible.
That’s truly each to his own, depending on personal capabilities.
Of course, having too much grey income can make you bloated. If discovered, it could nullify years of effort.
Since hiring Wen Tianqi as the operations officer, Li Jingsheng’s online business has continuously soared, now generating considerable monthly income. It already surpasses the total revenue from the clinic’s offline pharmacy sales and treatments.
Last month, after deducting costs, the online pharmacy business generated a total profit of around 1.3 million.
As the volume increased, the cost per order for logistics significantly decreased, further increasing his profits.
Moreover, with over 1 million in purchases per month, the rebates from Best Medicine are also substantial.
Finally, Sunshine Clinic has gained certain cost advantages in procurement and logistics that poorly performing stores can’t match.
As a boss, he has earned money, but he didn’t keep it all to himself.
Instead, he set aside a portion for employee rewards.
Wen Tianqi, for one, earns commission, making a significant profit with Li Jingsheng. The two customer service girls’ income, with bonuses, has already broken 10,000.
This is something they never dared to imagine before.
The income of the few employees packing and shipping is considerably lower, as the technical content is not high.
But Li Jingsheng didn’t shortchange them, and their bonuses were also ample.
He understands the principle of sharing profits but not scarcity.
When the boss earns money, only by sharing a part with employees can prosperity be sustainable.
If you only think about keeping all the benefits for yourself, such a boss won’t make it big or last long.
Currently, the online business is still growing rapidly.
This month, the total profit from online business alone is estimated to be at least over 1.5 million.
For Li Jingsheng, who needs a large sum of money, it is like charcoal in winter.
It’s said that e-commerce is very profitable, with some earning over a billion annually.
Li Jingsheng used to think that was a bit fantastical.
Now, experiencing the massive earnings from online pharmacy sales firsthand, he realizes how formidable the domestic online shopping market is.
He doesn’t aspire to earn billions, just managing Sunshine Clinic well, being content with moderate wealth is enough.
Currently, the standard for moderate wealth in the country is an annual income exceeding 5 million.
He has already achieved this.
Besides online business flourishing, the clinic’s offline pharmacy sales are also striving to explore new development spaces.
Seeing the online business continuously improve under Wen Tianqi’s operations, Xiaogao felt the pressure and has accelerated his learning pace.
The same-city convenient drug purchasing service is in full swing of preparation.
Market research, courier recruitment, order dispatch system, emergency medicine delivery alerts for untimely arrivals, and other preparatory work are being systematically prepared.
Currently, 117 courier gentlemen or ladies have been recruited city-wide.