Chapter 363: Men’s Uno

One day later.

Mingri Group,

CEO’s Assistant Office.

Shen Rou glanced around, then guiltily pulled a magazine out from her drawer.

On the cover, two bold words stood out clearly:

Men’s Uno!

The background featured a man in a suit, lounging casually in a chair. His expression was relaxed, yet he exuded an untouchable aura of authority.

Staring at the cover, Shen Rou couldn’t help but be impressed.

The aura President Chen gave off in the magazine was completely different from the one she was used to seeing in the office. It was like he was a whole different person.

She flipped open the cover and turned the pages.

Every photo showcased President Chen in a different suit and pose.

Ding ding ding!

Just as she was getting absorbed, the call bell on her desk suddenly rang.

Startled, Shen Rou quickly shoved the magazine back into the drawer and reached out to answer the call.

Soon, President Chen’s voice came through the speaker.

“Compile the expenditure reports from all our subsidiaries and bring them to me.”

“Yes, President Chen.”

Shen Rou responded promptly. Once the call ended, she immediately pulled out a file from the nearby shelf. It was the expenditure report for all companies under the Mingri Group.

President Chen had mentioned this yesterday, so she had already prepared it the night before.

She grabbed the file, opened the side door next to her office, and stepped into President Chen’s office.

“President Chen, here’s the expenditure report for all Mingri Group subsidiaries.”

As she spoke, she handed over the file.

Chen Mo took it and began flipping through the pages.

As Mingri Group continued to expand, the number of subsidiaries had grown as well. Each company’s monthly expenses varied.

The system had a rule: every time he spent money, it couldn’t interfere with the company’s normal operations.

For example, if he spent all the company’s funds today, and there was no money left to pay salaries or taxes tomorrow, that would be unacceptable.

So, to make sure he didn’t overspend the system funds, he had Shen Rou compile reports like this regularly.

Looking at the report and the total expenditure at the bottom, Chen Mo compared it with the amount of System Funds he had left.

He nodded slightly. This month’s spending was just right. After accounting for next month’s necessary expenses, there wouldn’t be much left.

Not bad.

As long as this pace continued, in July and August, even if he couldn’t convert the full amount of System Funds, he could still convert over 200,000.

Of course, if he pushed a little harder, converting the full amount would be even better.

After all, that was 30 million!

The difference between 200,000 and 30 million was massive.

If he could convert the full amount, he definitely should.

With that settled, Chen Mo leaned back in his chair, feeling more relaxed. He had already mapped out most of next month’s spending.

Tang Qiu was establishing Baishu Law Firm, which would be a major expense.

Office rent, renovations, and hiring new staff—all of it would cost money.

Then there were the elderly residents. Some of them would be forming an Elderly Song and Dance Troupe.

That meant hiring professional instructors for rehearsals, securing a practice venue, and arranging housing for the troupe members.

All of that required funding.

And of course, there was the ongoing expense of the Changfeng Garment Factory.

Construction there was still underway. At this point, all the other companies in the industrial park had relocated, leaving only Changfeng Apparel.

So now, aside from the operational workshops and office buildings of Changfeng Apparel, about 90 percent of the park’s other buildings had already been demolished.

Which meant Changfeng Garment Factory remained a consistent expense.

Looking at the list of expenses scribbled on his notepad, Chen Mo rubbed his temples wearily.

Then he added another name to the list: Nanhe Coffee.

Now that the Nanhe Coffee permissions had been unlocked, he could still use System Funds to invest in five more coffee shops. Plus, the revenue from existing Nanhe Coffee shops could also be used to open new branches.

In other words, each month, Nanhe Coffee could open new locations funded by two sources: five shops backed by System Funds, and however many shops the current revenue allowed.

Although Nanhe Coffee hadn’t turned a profit yet, its monthly revenue had increased significantly.

Take Jiang City, for example.

One Cat Café and one Maid Café brought in 800,000 a month.

Originally, the two themed cafés made over a million monthly, but due to new competition, revenue had dipped slightly. Still, both specialty cafés remained profitable overall.

What remains are the 18 Specialty Coffee Shops that are still operating at a loss. According to the data, although these 18 shops have yet to turn a profit, their average monthly revenue is around 90,000 yuan each.

That means the total monthly revenue from the 18 Specialty Coffee Shops is 1.62 million yuan.

So, in Jiang City, the 20 Nanhe Coffee Shops bring in a total monthly revenue of 2.42 million yuan, not accounting for expenses.

Next are the 15 Coffee Shops in Beijing.

Among them, two are special-concept coffee shops, with a combined monthly revenue of 1.4 million yuan.

However, according to the reports, new competitors have started to emerge, so revenue is expected to decline in the future.

Then there are the 13 Specialty Coffee Shops.

Given Beijing’s high consumer spending power, along with the Pastry Combo promotions and the genuinely good coffee, many people have chosen to visit Nanhe Coffee. As a result, the monthly revenue of each Nanhe Coffee Shop in Beijing is significantly higher than those in Jiang City.

Currently, each Nanhe Coffee Shop in Beijing generates about 150,000 yuan in monthly revenue.

This amount roughly matches the monthly operating costs of each shop.

In other words, Nanhe Coffee’s operations in Beijing are breaking even—not losing money, but not making a profit either.

With 13 Specialty Coffee Shops in total, each bringing in 150,000 yuan per month, that adds up to 1.95 million yuan.

Adding the 1.4 million yuan from the two special-concept coffee shops, the total monthly revenue in Beijing is 3.35 million yuan.

So, Nanhe Coffee’s current total monthly revenue is approximately 5.77 million yuan.

Opening a new branch in Beijing costs around 3.5 million yuan.

With 5.77 million yuan, they can only afford to open one new store in Beijing.

Therefore, the next round of expansion in Beijing will consist of six new branches.

As for why they’re continuing to open new branches in Beijing—based on Nanhe Coffee’s current development plan, it’s clear that as revenue from the Coffee Shops increases, they intend to keep expanding.

Following this plan, it’s only a matter of time before Nanhe Coffee spreads across the entire country.

So eventually, Beijing will be fully saturated with Nanhe Coffee Shops. It’s just a matter of when.

There’s no need to consider other cities for now. Once the market in Beijing reaches saturation, they can start looking into expanding into other cities.