Living in a small county town, earning a million a year

Chapter 34 Are you kidding me?
We arrived at the tortoise farm in Tang Mochen's Maybach.

The so-called "turtle farm" is actually a self-built villa owned by Bao Yong's family.

A three-story building, a completely unfinished, white house.

Xu Mu and Bao Yong converted it into a greenhouse for raising turtles.

The first floor has a canvas pool and a greenhouse. The semi-high space on the first floor is where a tea table is placed, and the second floor is a large greenhouse.

These two greenhouses are enough for Xu Mu and Bao Yong to raise two million turtles.

The third floor is where people live, and it has been slightly renovated. The first and second floors are unfinished and have no renovations whatsoever.

"Bao Yong, are you in the turtle room?"

"I brought an investor over for tea."

"Yes, I'm working on the second floor. I'll come down and open the door now."

Bao Yong responded, hung up the phone, went downstairs, and opened the door.

Last year, they sold turtles to a guy in the same city. He came to pick them up, but as a novice, he couldn't keep them alive and insisted that there was something wrong with the turtles, so he came back to ask for a refund.

Self-pickup is a cash-and-carry transaction; no returns or exchanges are accepted.

But this guy wouldn't listen, acted like a scoundrel, stormed into their door and robbed them of a turtle worth three thousand yuan, and in the end, the matter even ended up at the police station.

From then on, Bao Yong and Xu Mu discussed that they would no longer accept clients from the same city, and that they would always lock the door, since the tortoises in their villa were quite valuable.

After opening the door, Xu Mu stood next to Tang Mochen and introduced him to Bao Yong with a smile, "This is the chairman of Kaiyuan Taihe's headquarters. He was very interested in our project and came to visit today."

"This is my partner, Bao Yong! He's a professional turtle breeder who specializes in turtle breeding and has excellent skills."

"Hello." Tang Mochen smiled and extended his hand to shake hands with Bao Yong.

On the contrary, Bao Yong seemed somewhat timid and hesitant.

After all, the aura emanating from Tang Mochen was that of a natural superior, which naturally carried a sense of oppression.

"Uncle Tang, let me show you around. There are greenhouses on the first and second floors."

"This canvas pool is for raising cold-water turtles, and the lights on it simulate sunlight!"

"How many turtles are in this pond?" Tang Mochen asked curiously, pointing to the green water in the pond.

You can't even see the hair.

"About two hundred thousand," Xu Mu said without hesitation. "Our total investment here is about two million."

"So you're asking me to invest 20 million?" Tang Mochen turned to look at Xu Mu and asked curiously, "You can't even support this villa with 20 million, can you?"

“If you invest 20 million in us, we’ll just find a dozen acres of land and build a factory. Who would stay here? If we had the money, we would never have chosen to build a greenhouse in our own home. You don’t know how often the old lady next door bothers us, worried that our place leaks and the water vapor will damage their walls!”

Tang Mochen turned to look at Xu Mu, his brows furrowed and his eyes looking somewhat strange.

No, do you want to hear what you're saying?

You have no money?
Kaiyuan Taihe shares were bought without hesitation.

Can you really pay the full amount for a villa in Yangjiashan so easily?
Hiring two managers, two million a year isn't a small amount... but when it comes to turtle farming, two million is a lot. They don't have the money to expand?

Afterwards, Xu Mu took Tang Mochen to visit the small greenhouse on the first floor and the large greenhouse on the second floor.

The room is teeming with mud turtles, which are currently quite popular in China.

If it weren't for the loss of two hundred birds last year, raising them this year wouldn't have been a loss.

But things are getting better now, and we're gradually breaking even.

The visit to the turtle enclosure didn't take much time; it was Tang Mochen who wanted to see the turtles.

Bao Yong scooped many out of the pool and handed them to Tang Mochen to see.

"What is your annual rate of return on investment?"

"For example, how do you allocate these funds? I need to know how these funds are spent, right?"

"Don't ask." Xu Mu patted Tang Mochen on the shoulder and said, "Just send the money, and we'll take care of the rest!"

"???"

"No, as an angel investor, I don't even have the right to ask questions?"

Tang Mochen was dumbfounded.

Are you guys scamming people?
"Leave the professional work to the professionals, Uncle Tang. You only have money, but we have the technology to raise turtles. This investment will definitely earn you more than if you put your money in the bank!"

"How many years of annualization can it have?" Tang Mochen asked curiously.

"How about I give you 10% a year?"

Tang Mochen rolled his eyes, as if to say, "Do you think I'm stupid?"

"Forget it, I don't want it! You said it would be 50% a year, but now it's only 10%! It's more than putting money in the bank, but Xiao Mu, Uncle Tang trusts you. You're only giving me such a small return, it's too little! I can't even afford a Maybach."

"So how much do you want?" Xu Mu asked with a smile, putting her arm around Tang Mochen's shoulder.

"I still choose to share the risk with you, and I want to split the profits with you! I think if I invest 20 million, it might not affect the prices in this industry, but it will definitely give me a voice in the industry!"

"Twenty million won't change the industry's prices. At best, you'll just be a big sucker!" Xu Mu said with a smile. "Unless you can get a hundred million in investment, then you can indeed become a big shot in the industry, have a pivotal position, and be able to determine the price of a product!"

"One hundred million?" Tang Mochen pondered for a moment. "That's a bit too much. I think twenty million is my limit for initial investment."

Tang Mochen looked at Xu Mu, "But aren't you going to invest?"

"Me? This is my own business. I already own shares in it. Why would I invest?"

"I won't invest. I prefer to use investors' money to expand my own projects. I'll only increase my shareholding after I make a profit!"

"So you're not making money right now?"

Looking at Xu Mu's eyes, Tang Mochen felt more and more that she was like his mother trying to scam him out of money.

Moreover, this scam technique is not very sophisticated!
But Xu Mu is also very capable.

This equity stake and this Yangjiashan villa are all real.

There's only one possibility left.

That means Xu Mu was playing a trick on him.

"Didn't we lose 500,000 last year? Last month, we withdrew 370,000 from a shareholder. We made about 200,000 in the first half of the year, but now we're still down 300,000 overall."

"But if you invest 20 million, you'll immediately break even! You'll make a profit of 19.7 million, even if it's a tearful one! We can build a factory, buy breeding turtles, and see a return on our investment next year!"

Tang Mochen looked at Xu Mu with a puzzled expression. "You do the math for me. I think you're trying to fool me."

"Hahahaha!" Xu Mu laughed heartily, put his arm around Tang Mochen's shoulder, and led him into the tea room. "Let's have some tea."

"I'm just kidding. I'll have Mr. Bao calculate the return on investment for you with 20 million. We'll calculate it based on the lowest possible scenario."

As Xu Mu spoke, she brewed some tea and poured a cup for Tang Mochen.

Soon, Bao Yong came downstairs with paper and pen.

"The initial infrastructure costs about one million, including the construction of the greenhouse, the breeding ponds inside, and the cost of renting the site."

"Because we now have breeding turtles, the current investment is two million, and the income from the hatchlings produced by the breeding turtles is three hundred thousand. Because we also have some sub-adults that cannot be bred, they can only be used for resale."

"The profit margin for reselling is ten percent!"

"After investing two million in the turtle farm, you will have about nineteen million left. We will spend about fifteen million to purchase breeding turtles, some of each species. Next year, the return on investment will be about seventy percent!" *slap!*
Xu Mu slapped Bao Yong on the shoulder and said speechlessly, "Why did you set such a high target? What if it's not as high next year? Besides, the breeding turtles we buy this year may not adapt to the environment, which will affect next year's yield! Normally, 50% is the most suitable this year."

"You said you could get a 70% return in the second year, that's quite normal."

"Didn't Mr. Wang already calculate this for us?"

"Ah, right, normally speaking, after investing in the entire Ponzi scheme, we can break even in two years at the fastest, and at the slowest, it will take three years to get back 20 million!"

Bao Yong is quite serious when he talks about his work.

He gave Tang Mochen a detailed explanation of the project's investment return cycle on paper, including the market prices of various varieties and their breeding cycles, etc. After all, he was an investor, so he had to show him some respect.

"Moreover, our contract stipulates that no one may withdraw their shares within three years! Of course, you can withdraw your shares after three years, and you can leave with the 20 million and the profits."

"However, once we start making stable profits, I believe you will not withdraw your shares."

Tang Mochen listened attentively as Bao Yong carefully explained the use of each portion of the funds, nodding repeatedly.

If the 20 million can indeed generate returns in the first or second year, Tang Mochen will not only not withdraw his shares, but will also increase his investment and continue to expand the scale.

Just as Xu Mu said, he could earn 100 million to 200 million or even more.

Besides, this thing seems like it could be used for export business.

"How did you arrive at this calculation method? Are there any related risks?" Tang Mochen asked.

"Our calculation method has been verified at that breeding farm in Shanghai. It currently has a stable supply of three million breeding turtles, with an annual net profit of two million, which is almost 70%. The gross profit can reach 80%!"

"Of course, there are definitely risks, such as annual losses and market fluctuations. But if we don't sell the breeding turtles, the hatchlings produced each year are pure profit, and we can break even."

"The biggest problem is controlling losses; if we don't die, we've already made a profit."

"As for market fluctuations, we can't control them, but we can put our eggs in different baskets. This way, we can avoid one commodity from collapsing while still making profits in the other commodities." Bao Yong is very knowledgeable about this.

To put it bluntly, Bao Yong is invincible in his field.

"How should the equity be distributed?" Tang Mochen understood Bao Yong's meaning.

Live animals will inevitably suffer losses, but if losses are controlled properly, even if the market crashes, as long as the seedlings are raised to maturity, there will definitely be a guaranteed profit.

Reasonable!

This project is feasible.

"So what we mean is, for 20 million, Mr. Tang, you can only take 35% of the shares, I will take 25% of the shares, and Xu Mu will take 40%!"

"Why is this kid taking so much?"

Tang Mochen asked curiously.

"Because his original shareholding was high, of course, 35% is a figure we calculated!"

"I want forty percent."

"I want to be like Xu Mu!" Tang Mochen said. "I'll add another two million if necessary."

Bao Yong didn't answer, but looked at Xu Mu instead.

This is not something he can decide.

He just wanted to keep turtles.

Just an ordinary turtle keeper.

Xu Mu, on the other hand, just wanted to swindle some money from Tang Mochen to expand his business.

This can be considered as helping Bao Yong fulfill a dream!
"sure."

“Then I’ll give Mr. Tang 5% off, he’ll get 40%, and together we’ll get 60%.”

Xu Mu didn't have any requirements regarding equity, after all, the purpose of bringing in this investment was simply to help Bao Yong expand and strengthen this business.

It'll be easier to brag about it when I go out in the future.

Moreover, we can bring Wang Xiao into the group next year.

"That won't do, don't I have more than Xu Mu?"

"How about we each get 37.5?"

"?" This time it was Xu Mu's turn to look at Tang Mochen with a questioning gaze. "Are you kidding me?"

"You tricked me first."

Tang Mochen said with a smile, "Alright, you guys prepare the contract. I'm investing in this project."

"Won't you reconsider?"

This question was asked by Bao Yong.

"What are you even considering? I trust you."

"Just set up a company account for me, and I'll transfer the money to you."

After Tang Mochen finished speaking, he prepared to get up and leave.

"Why are you in such a hurry to leave?" Xu Mu pressed Tang Mochen back into the chair, lit a cigarette for him, and chuckled as he pulled out three contracts from under his buttocks and placed them in front of Tang Mochen. "I've already prepared the new shareholding agreement."

"If you see no problems, then sign it."

"You little brat!" Tang Mochen's eyes widened as he looked at the contract in front of him, then he looked up at Xu Mu and said in shock, "You knew all along that I would invest, didn't you?"

“Of course.” Xu Mu smiled calmly. “Uncle Tang, curiosity killed the cat!”

"But then again, this project is definitely profitable, otherwise I wouldn't have come to you!"

"I know that I have a good eye for investment."

Xu Mu showered him with compliments, "That's right, that's right, as expected of the chairman of Kaiyuan Taihe's headquarters, awesome!"

After reviewing the contract, their equity investment agreement is quite simple: either party breaches the contract and pays one million yuan in damages.

This is something I just write down to see.

There are no traps, and it's so simple it can hardly be called a contract.

After signing the contract, Xu Mu stood up and looked at Tang Mochen seriously, "President Tang, welcome to invest!"

After the three parties shook hands, each person took a copy of the contract with them.

"It's almost dinnertime. Let's celebrate the investment our farm has secured tonight. Let's invite Mr. Tang to dinner together."

"Sure, where should we eat?"

"Close the gate and drive to the city."

"I arrange."

"..."

Half an hour later, Tang Mochen, dressed in a suit, sat at a roadside barbecue stall.

Looking at the ice-cold beer Xu Mu poured for him, he was speechless, pointing at the fried barbecue in front of him, "No..."

"Xu Mu, you guys managed to secure 20 million in investment today, and you're treating your investors to roadside barbecue?"

(End of this chapter)