Chapter 811 My Entrepreneurial Younger Brother (1)
Chapter 811 My Entrepreneurial Younger Brother (1)
After graduating from university, the original owner's younger brother, Xu Peiran, couldn't find a suitable job, so he went home and told his parents that he wanted to start his own business and become his own boss.
Upon hearing this, the parents readily agreed, feeling that their son was very ambitious, and took out 50,000 yuan to show their support.
After some thought, Xu Peiran decided to open a Chinese herbal milk tea shop.
He believes this milk tea is very popular online and will definitely sell well, as people will buy it because of its health benefits.
Since he lacked technical skills, he decided to join a franchise to save himself a lot of trouble.
Moreover, the franchise fee is not expensive, only 30,000 yuan.
So Xu Peiran readily agreed and found a Chinese herbal milk tea shop brand online.
After learning of Xu Peiran's purpose, the other party warmly invited Xu Peiran to visit the company and offered to reimburse his round-trip travel expenses.
Xu Peiran developed a very positive impression of the company. After visiting the site and tasting the milk tea, he decisively agreed and paid a franchise fee of 30,000 yuan.
Later, people from the milk tea company asked him if he needed help choosing a location, which would cost money.
Xu Peiran, considering that he had never done business before, readily agreed and paid the teacher who helped him choose the location 10,000 yuan.
After two days of site selection, the teacher helped him choose a street-side shop, telling him that there was an elementary school across the street and many pedestrians passing by, so it would definitely be a good business.
The rent is 6,000 yuan a month, and the landlord requires a deposit of two months' rent and three months' rent in advance.
That means a one-time payment of 50,000 yuan.
At this point, Xu Peiran only had 10,000 yuan left. After hesitating for a while, he gritted his teeth and agreed to borrow 40,000 yuan from a payment app.
Later, he borrowed the money from various apps to cover the house renovation costs, as well as the equipment and material costs for the milk tea company, totaling 180,000 yuan.
He remembered what the milk tea company told him: if he opened a shop, he could earn at least 5,000 yuan a day, which would amount to 150,000 yuan a month, and he could pay off the debt quickly.
With this idea in mind, he was not worried about repaying the money at all. Before opening the business, he even hired three employees to fulfill his wish of being his own boss.
Listening to the boss sing "Boss, please" every day makes me incredibly happy.
But the smile on his face disappeared after the business opened.
The shop's business is very bad.
It's difficult to earn even 500 yuan a day, let alone 5,000 yuan.
He could only hold on for two months before he couldn't continue because he could no longer repay the loan.
The online lending company called Xu's parents and the original owner's mobile phone.
It was at this point that the three of them learned about Xu Peiran's online loan.
Mr. and Mrs. Xu were very angry, but Xu Peiran was their only son, and they couldn't bear to ignore him.
However, a loan of 200,000 yuan would mean they would have to empty their savings to repay it.
They stayed at home sighing and unable to make a decision.
Finally, they asked the original owner how much money they had saved, so they could ask the original owner to contribute some.
The original owner had only graduated from university two years prior, and his salary was low. After paying rent and food each month, he didn't have much money left.
Even if you save every penny, you can only save two thousand a month at most, and in two years you will only save forty thousand.
Even if she were asked to take it all out at once, the original owner wouldn't be willing to part with it.
The original owner said she could give Xu Peiran 20,000 yuan.
Mr. and Mrs. Xu were very dissatisfied when they heard the number.
Xu's mother even angrily accused the original owner:
"Peiran is your own brother. You grew up together. Now that he's in trouble, you can't just leave him alone, can you?"
"I only had two children, you two. After your father and I are gone, you two will have to support each other."
"Now that you've helped him, he'll remember your kindness and will help you in the future."
(Sorry, I didn't finish writing this. I'll finish it tomorrow.)
PFC