Chapter 521 Buying a Storefront on Nanjing Street
A heavy rain brought a wisp of fog to the Magic City.
Huge raindrops hit the front window with a crackling sound. The best car to drive in rainy weather is undoubtedly a large off-road vehicle.
Chen Pingsheng drove the long-undriven Black Kong Bosu G-Class from his garage.
This car is tall enough and powerful enough.
He took his cousin Chen Sai to Nanjing Street to look at storefronts. Nanjing Street is also known as the ceiling of domestic shopping streets.
The average price of storefronts there is basically between 1.2 million and 2 million.
It depends on the location. The slightly better ones will not be less than one million per square meter.
Even the smallest one will cost at least 50 or 60 million.
He has a super-large Shuiyunjian flagship store and a Tenghui department store here.
The price of these two storefronts alone has reached a huge amount of 1.5 billion.
Chen Sai's foot is still in plaster and she can only walk with crutches.
Chen Pingsheng plans to buy a small store here for her to do business, and he will also charge rent.
It is about half lower than the normal market price.
According to the traffic and consumption level of this street, any business won't be too bad.
As long as you can run a storefront in Nanjing Street, it will be much better than running a takeaway.
The eldest sister Chen Yao also came here. She also wanted to rent a storefront here like Chen Sai to do a clothing business. It would be nice.
The two of them opened their stores together, so they could have a companion to chat with.
Xiao Le and Xiao Ya are all grown up anyway, and the storefronts of the eldest sister's family are all hers.
There is no pressure to make 7 or 8 million yuan a year without even renting.
It was her own idea to open a store in Nanjing Street.
"Eldest sister, why don't you call my younger sister and let her open one too."
My younger sister Chen Qi doesn't plan to have a second child. Hu Qilin is enough.
The little guy will go to kindergarten soon, and my younger sister still has time.
It's not good for her to be too idle. She has to find something to do.
"My little sister likes to open a clothing store. If she hears that you are going to buy her a storefront, she will definitely come here in a hurry."
"Okay, it would be nice for the three of you to be the boss ladies here in the future."
Chen Pingsheng asked his secretary to choose a good location for them, three storefronts in a row.
The smallest is 95 square meters and the largest is 120 square meters, both of which have attics.
For such a store, it would definitely not be bad to open a more exquisite clothing store.
Although the physical business is getting worse and worse, good shopping streets are still crowded with people.
The three storefronts have the same boss, a retired uncle in his sixties.
He made his fortune by demolition in the early days, and later speculated in real estate, stocks and storefronts.
The old man in Shanghai is still very stylish, wearing an Armani suit.
He has more than these storefronts. The main reason he wants to sell them is that his grandson needs money to start a company.
The price is 320 million, and no bargaining is accepted.
For a location like Nanjing Street, this price is really required.
Chen Pingsheng had no pressure at all, mainly because his wife was not only going to Beijing to organize the Grand Night of Shuiyunjian, but also in Hong Kong, Guangzhou, and Shenzhen.
Wait a year or two and the eight new cities will also do it. The income is simply too good.
"Do you think this storefront is okay?"
There is no bad storefront on Nanjing Street. Chen Qi came very quickly.
She was also the youngest, and asked shamelessly:
"Brother, if you buy this, how much rent do you plan to rent it to us per year? If it's too high, I can't afford it."
"Forget it."
Chen Pingsheng wanted to slap his little sister.
"I just saw that you were too idle, so I thought of finding something for you to do. I can charge you one million yuan in rent per year for this location. What pressure can you have?"
"One million yuan a year, you are going to scare me to death."
Chen Qi thought about it and first stretched out three fingers, and then took back two fingers when she felt pressured.
She can only pay 100,000 yuan a year at most.
Even this is still good luck, and you can only make money when you are full of talent.
"You pay 100,000 a year?"
Chen Pingsheng was too lazy to talk to her. He had to buy the storefront first anyway.
We'll discuss the rent later. He doesn't make a fortune with this money.
He just wanted to put some pressure on them.
100,000 a year, you can't make more than this amount even if you sell mineral water.
Chen Pingsheng looked at Chen Sai's crooked feet, and then looked at her pitiful daughter.
After thinking about it, he decided to rent it to them at this price.
As for what kind of store they use it to open, it's not his business.
He didn't have the leisure to care. If he couldn't make money on Nanjing Street with such rent.
The water of Huangpu River might not be able to wash away this big joke.
Chen Sai had never done business and didn't know anything.
But Chen Qi was still like a female gangster, helping her look here and there.
When it comes to blackmailing her brother, she has no bottom line at all.
Who told her brother to be so rich that he gave her an excavator to dig every day.
She will never finish digging in this lifetime.
Chen Qi has long wanted to open a more refined clothing store. As a woman, who doesn't like to sell clothes?
The three of them discussed for a while. Chen Qi planned to sell clothes, Chen Sai planned to sell shoes, and as for the eldest sister Chen Yao, she would sell some bags and so on.
There is no so-called small profits but quick turnover in places like Nanjing Street. First, the rental cost is there.
Second, many of them are tourists from other places. They buy once and never come back.
Third, the locals in Shanghai who have a little spending power will not like cheap goods.
If you just go to a shoe store in the alley and ask, you will find that the starting price of most shoes is one or two thousand.
There are many people who cannot afford it, and there are also many people who can afford it.
Anyway, these shop owners tacitly respect one principle, and everyone sells mid-to-high-end products.
They compete in everything except price war.
If newcomers who know nothing compete with them on price, you will doubt your life in minutes.
The small shop owners here are all from wealthy families.
Chen Pingsheng's Lujiao Coffee is opened here. The business is good, but it still loses millions of yuan a year.
It's nothing else, the rent is so high that it makes people doubt their lives.
Some shops are like this, and they don't expect it to make money at all. They just open it in places with a lot of traffic to increase their popularity.
Lujiao Coffee is still in the center, and the storefronts add up to about 200 square meters.
The annual rent is 12 million.
If you want to buy that kind of storefront, don't even think about it without 400 or 500 million.
This is not a shop that supports three generations, but a shop that supports ten generations.
Chen Pingsheng himself has many shops, so he certainly won't complain about the high rent.
He was just squeezed by his younger sister invisibly.
Only she dared to think of cutting the rent to 100,000 a year.
It's good for the three sisters to open a shop together, so they can take care of each other and eat melon seeds outside when they have nothing to do.
It's also a different flavor to look at the busy Nanjing Street.
After he bought these shops, many relatives came.
The main reason is that now the family venture fund is gone, but it doesn't mean that he won't help his relatives.
Chen Sai is an example. You see, after she was hit by a car, it was still Lao Chen who helped her deal with various things.
Now he spends 100 million to buy a shop for her to do business. Seriously, the rent for such a location is 100,000 a year.
This is almost like giving it away for free.