If the decision is made to acquire the company, a more detailed background check will also be conducted, such as whether there have been any lawsuits, whether there are any loans, employee education and work experience, etc.

Not yet, I haven't made up my mind. There are no other shareholders in the several companies I created, and the right to speak is concentrated in his hands. Whether to buy or not depends on Han Chudong's opinion.

The total amount of the acquisition is more than one million US dollars, and the money doesn’t just come out of the wind, so you must understand it clearly first.

"In other words, you can earn more than 100,000 US dollars this year just by licensing this series of patents? It smells good, so it should be pretty good." Han Chudong asked, holding a bottle of conditioner. There were more than a dozen products in front of him, all of which were produced through the patents of this laboratory and licensed to different manufacturers.

Both co-founders were present.

One of them was a young man named Ron, who was less than 30 years old and looked very young. If it weren’t for his receding hairline, he would have been more handsome.

Smart people use their brains frequently and think too much, so they are indeed more likely to lose hair, but it may also be due to genetics.

Ron told him, "We have our own unique milk-flavored hair conditioner, soap, and body lotion. We all have exclusive patents. If we didn't understand the market at the time, the licensing price should have been higher."

"Our main products are all in front of you. If you have channels, you should be able to find other manufacturers willing to purchase the production formula. The transfer price we offer is not high. This is a very mature team." The man who said this was named Serhi, a descendant of European immigrants. He had a beard and wore glasses. He was also the founder of this laboratory.

I just started to contact it, and there are still many details that I don’t understand.

Han Chudong picked up the lotion to try it. The smell and feel were quite good. No wonder they could make money by licensing patents.

He looked at the two of them and asked, "So these are not exclusive licenses, right? I mean, if I buy this place, can I use these patents to produce goods myself?"

Serhi nodded and continued:

“Of course, someone offered to buy the patent, but the price we offered was a bit high, so the other party gave up.

The patent catalogue has been prepared in advance, and the companies to which the patents are granted and the duration of the grants are written at the back. The specific data is available in the finance department, and your people are looking through it. The signed contracts are also there.”

The reason why we plan to acquire an existing beauty and skin care product research institute is mainly to find some experienced talents to help develop finished facial masks as soon as possible without delaying making money.

Now things are a little off; the scale of this laboratory is a little larger than expected.

From what we have learned, the patents are mainly concentrated in five categories: conditioner, body lotion, soap, perfume, and shampoo, and more than 40 patents have been derived, many of which are similar.

The real money-maker is the milk series, which can earn more than 200,000 US dollars a year. After deducting expenses such as personnel, rent, and materials, the net profit attributable to the two founders reaches nearly 100,000 US dollars.

Calculated in this way, the asking price of US$1.2 million is not too much. It is slightly higher than the actual value and there is a risk, but it is within a reasonable range.

Han Chudong said, "Well, let me find out first. Also, the performance seems to be quite good, and you two are so young, why do you want to transfer this company?"

Ron glanced at Serhi and replied, "It has nothing to do with performance. Serhi and I were classmates. We graduated from the University of Illinois and studied chemistry with the same instructor. After graduation, we interned for a period of time and each invested in the establishment of this laboratory. Its performance is absolutely fine. I can guarantee this.

It's just that neither of us is good at management and operation, and we couldn't find a better partner, so we have been standing still for the past two years. Just then, your people contacted me and asked if I was willing to transfer or cooperate, so after we discussed it, we thought we could talk about it first. If the price is right, we will look for another entrepreneurial direction, or stay here as an ordinary employee and focus on research and development, instead of looking for companies to promote cooperation everywhere. "

He nodded thoughtfully.

I have previously read the financial report summaries for the past four years. The revenues fluctuated greatly, the personnel expenses were too high, and the company had so many researchers but had not developed any best-selling products in the past two years.

Putting himself in the other's shoes, Han Chudong felt that in this situation, he would also choose to sell his shares and cash out the profits of the next few years at once.

Even if you deposit the money in a bank to earn interest or buy government bonds to earn interest, the income has the potential to reach the current net profit scale.

Among the more than 40 patents, 80% are not of high value. With the operating model of this R&D institution, it can only make money when a factory is willing to cooperate and pay to buy the production formula patent. No one is willing to buy the authorized patents, which means they are wasted.

He was thinking whether he could create higher value if he had these patents, but the result was ambiguous.

If he produces facial masks, he is confident that he can beat the current ones on the market, but he does not have much confidence in producing conditioners and lotions.

The only advantage is that when promoting facial masks, you can promote these products together and make some money at the same time. The profit is difficult to predict and depends on luck in addition to quality.

Han Chudong changed the subject and asked, "With the staff here, can you produce a milk-flavored toner? I mean something that's similar to the milk we drink every day, preferably transparent, and can help maintain the skin. Apply it on the face to moisturize the skin and make people beautiful."

"It's not that difficult. We have a body lotion. After adding water, it will become what you said."

There is no wrong version in the 1619 book forum!

"Really? Which one? Let me see after adding water, okay?"

Ron and Selsi looked at each other after making a confusing request, but did not refuse. They took a bottle of thick and transparent lotion and asked someone to help mix it with purified water.

After it was ready, I applied it on my face and found that it seemed to be able to be used as a facial mask.

…

No one could guess what Han Chudong was thinking.

More than an hour later, he left the R&D laboratory, taking only some account data, product samples, and copies of the patent certificates.

Han Chudong said that he needed to think about it and did not make any agreement or promise to the two founders.

Even when buying vegetables at the market, one would ask about the price and check the quality. Let alone such an expensive company. One would have to calm down and think carefully before making a decision.

The most critical issue that bothered him was whether to cooperate directly and spend a small amount of money to ask them to help develop products, or to directly sell the R&D team and patents once and for all.

Both approaches work, that's why I'm worried.

I have arrived in San Francisco, just for a vacation.

I decided not to think about it for the time being and took a walk around Golden Gate Park, then came to the Golden Gate Bridge...