The Super Rich: Start from when the family business is about to go bankrupt!

Chapter 453 WPG0452: Considerable profits, why are human resource costs so high?

Facing Xia Yuqing's question, An Wuyang answered affirmatively, "We will go to Shengqing Hotpot for lunch today."

"As for why we are going to Shengqing Hotpot, I won't tell you for now because I have a surprise prepared for you." An Wuyang added.

"Let's go!" Xia Yuqing pulled An Wuyang's left hand.

Lu Manman held An Wuyang's right hand.

In the elevator, the two dancers were still holding An Wuyang's hands, one on each side.

When they arrived at the underground garage to get in the car, An Wuyang finally chose to sit in the passenger seat.

According to normal logic, An Wuyang should sit in the middle of the back row so that he can enjoy the treatment of being surrounded by people on both sides.

However, An Wuyang doesn’t like sitting in the middle seat in the back row because he feels uncomfortable.

So with Duan Zhiqiang driving, An Wuyang sat in the passenger seat and let the two dancers sit in the back seat.

In a little over half an hour, two black Audi A8Ls arrived at Raffles City North Bund.

An Wuyang took the two dancers to Shengqingxiang Hotpot Restaurant in Raffles City, which is located at Shop 2 on the B18 floor.

When the three arrived, a middle-aged man came to greet them with a mature woman who looked to be around thirty years old.

The middle-aged man greeted politely, "Boss An, you're finally here!"

This middle-aged man is called Tian Qingde. He is the former owner of Shengqingxiang Hotpot Restaurant and is also from Shengqing.

"Let me introduce you to Mr. An. This is Jin Lijuan, our store manager." Tian Qingde said as he introduced An Wuyang.

Jin Lijuan immediately greeted politely, "Hello, Mr. An!"

"Mr. An, I have explained everything that needs to be explained. Manager Jin is very capable, and you can ask Manager Jin if there is anything in the store. If Mr. An has nothing else, I will leave first?" Tian Qingde asked tentatively.

An Wuyang nodded, "Okay!"

"Then I wish Mr. An a prosperous business!" Tian Qingde said with blessing.

An Wuyang nodded, "Thank you, Mr. Tian!"

Tian Qingde turned and left, as if he had no regrets at all.

Xia Yuqing and Lu Manman were listening quietly on the side. They guessed that An Wuyang had bought this hot pot restaurant now?

"Hello, Manager Jin, everything in the store will still be in your hands from now on. Please arrange a table for us now." An Wuyang ordered.

When Jin Lijuan heard that An Wuyang still wanted to employ her, she breathed a sigh of relief. As long as she was not fired, it would be fine!

"Mr. An, please come this way." Jin Lijuan led the way.

An Wuyang and two dancers followed. Jin Lijuan arranged a four-person booth for the three of them and reminded them, "Boss An, we order by scanning the code."

"Okay, don't worry about us, just go and do your own thing first." An Wuyang ordered.

After Jin Lijuan left, Xia Yuqing asked, "Brother Wuyang, did you buy this hot pot restaurant?"

An Wuyang answered affirmatively, "Yes."

He continued, "This hot pot restaurant has great development potential, and its current business conditions are also good, with considerable net profits every month."

An Wuyang added, "Manman has moved into Huashan Apartment and is still learning to drive. I plan to buy a car for Manman later, so Manman needs cash flow."

"For this hot pot restaurant, I plan to give 30% of the shares to Manman and 30% to you, and I will retain 40% for myself." An Wuyang explained.

"I've calculated that according to your shares, getting 60,000 yuan a month shouldn't be a big problem," An Wuyang concluded.

Lu Manman listened to An Wuyang's words and said that she would be given 30% of the shares of this hot pot restaurant in order to provide her with a continuous cash flow.

Such an arrangement filled Lu Manman's heart with warmth.

At this moment, Lu Manman felt that her best choice was to be with An Wuyang.

Xia Yuqing refused casually, "I don't want it. I own 50% of the shares of the Azure Fitness Center, which is very profitable now."

An Wuyang looked at Xia Yuqing and said, "Be good and listen to me!"

"Oh!" Xia Yuqing immediately agreed obediently.

"Let's see what you want to eat." An Wuyang scanned the code to place an order. "You guys also scan the code to see how the ordering system works."

As Xia Yuqing and Lu Manman scanned the code together, the code scanning and ordering system on An Wuyang's mobile phone issued a prompt, indicating that two friends had joined the order.

This system that allows multiple people to scan the code and order at the same table is pretty good!

While Xia Yuqing and Lu Manman were ordering, An Wuyang was observing the occupancy rate and table layout of Shengqingxiang Hotpot Restaurant.

Shengqingxiang Hotpot Restaurant is positioned for the general public, with a hall layout and no private rooms.

There are a total of fifty tables, but all of them are booths, most of which are four-person booths, and there are only six six-person booths.

The overall layout is similar to Haidilao rather than a traditional hotpot restaurant.

The advantage of doing this is that the space utilization rate is higher and it avoids disturbing the people sitting next to you.

Today is Sunday, a holiday, and the current attendance rate is still okay. An Wuyang guessed that it should have exceeded 80%.

As for the table turnover rate, that cannot be guessed blindly. An Wuyang will wait until after lunch before asking Jin Lijuan.

After An Wuyang made a rough assessment of Shengqingxiang Hotpot Restaurant, he turned his attention back to ordering food. He first clicked on the dishes he had already ordered.

He originally thought that the two dancers would only order some vegetarian dishes, but after ordering, he found out that he was wrong!
The two dancers ordered a lot of standard Shengqing hotpot dishes, including fresh duck blood, fresh tripe, fresh goose intestines, tender beef, etc.

On the contrary, there are not many vegetarian dishes!
good good!
What about losing weight?

Didn’t we agree not to eat hotpot?

But when you really come to eat hotpot, you have no dietary restrictions at all, right?

"Aren't you afraid of gaining weight today?" An Wuyang teased.

Xia Yuqing snorted in response, "We're all here to eat hot pot, so of course we have to indulge ourselves!"

"At worst, you can just exercise twice more today!" Xia Yuqing looked at An Wuyang with a smile.

An Wuyang was startled, he understood Xia Yuqing's vicious words!

"I chose the savory soup base because Manman can't eat anything too spicy." Xia Yuqing reminded.

"No problem." An Wuyang agreed.

Xia Yuqing sighed with some regret, "What a pity there is no Wandoudian."

Lu Manman asked curiously, "What is pea bud?"

"That's pea beans." Xia Yuqing didn't know how to explain for a moment. Don't people in Shanghai eat pea beans?
Xia Yuqing took out her phone and searched for pea sprouts, then showed Lu Manman a picture of pea sprouts. (↑ Pea sprouts: the tip of a pea seedling)

Lu Manman was still confused because few people in Shanghai eat pea dumplings.

An Wuyang added some dishes, and the three of them ordered a total of eleven dishes. He clicked to place the order, and then checked the bill with a summary of the prices.

Eleven dishes, a total of 364 yuan.

This price is not expensive in Shanghai. How can a hotpot with an average cost of only 120 yuan per person be expensive in Shanghai?

An Wuyang silently calculated that with such per capita consumption price, plus 50 tables and an average monthly turnover of 180 million, it seemed that there was indeed room for growth.

Based on the calculation of 300 yuan per table, it is not difficult to achieve a daily turnover of 6 yuan, right?

Because according to calculation, the table turnover rate does not even reach 3 times/day. The table turnover rate of most Haidilao restaurants exceeds 4 times/day, and some popular Haidilao restaurants exceed 7 times/day.

As the dishes were served, An Wuyang tasted them with a strict attitude, but he did not comment.

After about an hour, the hotpot meal was coming to an end and the two dancers put down their chopsticks. There was only a little bit left of the eleven dishes they ordered.

An Wuyang first asked Xia Yuqing, "Qingqing, what do you think of the taste of this hot pot restaurant?"

Xia Yuqing gave a direct and sharp comment, "From the perspective of Shengqing people, this hot pot is substandard. The spiciness is too low and there is almost no numbing taste. This is obviously a modified hot pot."

"But in Shanghai, this should be a pretty good hotpot," Xia Yuqing added.

"Manman, what do you think?" Xia Yuqing asked Lu Manman again.

Lu Manman agreed and said, "This hot pot is indeed more in line with the local taste of Shanghai people. It's not too spicy, so I can accept it."

An Wuyang nodded slightly, "Localization is also good, after all, we are doing business locally."

Jin Lijuan had been paying attention to the booth where An Wuyang was. After An Wuyang's table finished eating, she hurried over.

An Wuyang spoke first, "Manager Jin, please bring me the accounts for the past three months."

"Okay." Jin Lijuan responded.

A few minutes later, Jin Lijuan brought the account book over.

An Wuyang gave it directly to Xia Yuqing and Lu Manman for inspection.

The two dancers watched it very attentively. They looked so serious, probably even more serious than when they were studying math.
Fortunately, the account information is simple!
The two dancers looked at the account book for more than ten minutes before closing it and handing it to An Wuyang.

"Brother Wuyang, you take a look too." Xia Yuqing motioned An Wuyang to check.

It looks like he's getting safe and sound soon!
Because An Wuyang doesn't look at the details, he only looks at the summary information at the end of the month:
……

The turnover in September was over 178 million yuan, the net profit was 20 yuan, and the net profit margin was 8526%
The turnover in August was over 203 million yuan, the net profit was 25 yuan, and the net profit margin was 6875%
The turnover in July was over 218 million yuan, the net profit was 28 yuan, and the net profit margin was 7045%
……

Just from the summary information of three months, it can be confirmed that An Wuyang's previous analysis made sense.

As turnover continues to increase, net profit margin will also rise because various marginal costs are decreasing.

As for the higher turnover in July and August, this is because July and August are the summer vacation for students, which is the traditional peak season for the catering industry.

"Is the profit of this hot pot restaurant pretty good?" An Wuyang asked.

Xia Yuqing responded affirmatively, "Yeah! Not bad!"

Lu Manman seconded, "It's really good!"

Lu Manman secretly calculated her dividends in her mind. Based on 22.5% and referring to the total profit for three months, she could earn more than yuan in three months.

For Lu Manman, this is a lot of money!
Indeed, An Wuyang had previously given Lu Manman a house with an area of more than 150 square meters in Xintiandi Garden, and its apparent value was more than 12 million.

But so what?
That's just wealth on paper!
As long as Lu Manman doesn't sell that house, won't she still be penniless?

However, Shengqingxiang Hotpot Restaurant is different now. It can provide continuous cash flow.

An Wuyang returned the account book to Jin Lijuan and said, "Manager Jin, these two are my girlfriends. I will give them 30% of the shares of the hot pot restaurant. They may come to check the accounts in the future, and we will also arrange for an audit company to check the accounts."

"From now on, the affairs of the hot pot restaurant will be handed over to you. If you do a good job, your salary and bonus will be increased." An Wuyang said this in a vague way.

In fact, it’s not just empty talk!
Because An Wuyang has received the operating gain reward, Sheng Qingxiang Hotpot Restaurant's average monthly turnover has increased by 50%.

This means Jin Lijuan wins without any effort!
"Two girlfriends? Just give them 30% of the shares? No wonder they get along so peacefully!" Jin Lijuan was surprised, but she didn't show any abnormality on the surface.

"Please rest assured, Mr. An, I will manage the hot pot restaurant well." Jin Lijuan said with assurance.

"I have a suggestion." An Wuyang looked at Jin Lijuan.

Jin Lijuan asked somewhat nervously, "Please speak, Mr. An."

"I feel like there are too few service staff. Although the consumer positioning of our hot pot restaurant is not high, the service quality can be improved a bit. We can hire a few more waiters." An Wuyang suggested.

"Mr. An, if we hire more waiters, it will increase labor costs," Jin Lijuan reminded.

"The human resource cost in Shanghai is too high. The cost of a waiter may be 10,000 yuan a month," Jin Lijuan added.

Xia Yuqing was surprised, "Is it so expensive?"

Lu Manman hesitated, "Are waiters' salaries so high?"

Their inquiries missed the point!

An Wuyang understood what Jin Lijuan meant. The so-called human resource costs do not just include wages.

Taking Shanghai as an example, the current minimum wage standard in Shanghai is 2690 yuan per month.

However, the lower limit of the five social insurance payment base in Shanghai is 7384 yuan per month. The enterprise not only has to bear the employees' wages, but also has to bear the relevant five social insurance payment costs.

This includes pension insurance, which requires 16%, medical insurance plus maternity insurance, which requires 9%, unemployment insurance, which requires 0.5%, work-related injury insurance, which requires 0.16%, and housing provident fund, which requires 5%.

Housing provident fund can be paid according to the employee’s actual salary. For example, if the minimum wage is 2690 yuan, then only 134.5 yuan needs to be paid.

However, the bases for the other five types of insurance cannot be calculated based on the minimum wage of 2690 yuan. They need to be calculated based on the [five insurance payment base] of 7384 yuan.

This means that the pension insurance is 7384% of 16 yuan, with a total amount of 1181.44 yuan;
Medical insurance plus maternity insurance requires 664.56 yuan;
Unemployment insurance is a little less, only 36.92 yuan;
Work injury insurance is less, only 11.81 yuan;
The total cost of the above-mentioned five social insurances and one housing fund for enterprises is 2029.23 yuan.

However, in Shanghai, do you really want to hire a waiter for 2690 yuan?

Are you kidding me?

Especially for the waiters in the hotpot restaurants in the big shopping malls in Shanghai, at least they should be younger, right?
Younger waiters means higher wages!
If the salary is less than 5,000 yuan, don't even think about it, it's simply impossible.

In addition, if food and accommodation are provided, there is a chance to hire a relatively young waiter with 5,000 yuan.

Taking into account the human resource cost, wouldn’t it be about 10,000 yuan per waiter?

(End of this chapter)