Chapter 251 Super Unicorn

Following the official announcements from Sequoia, Black Ant, and Jinshi Capital.

Lawang officially completed its US$1 billion Series B financing, with a valuation of US$10 billion.

The entire investment circle was turned upside down by this bombshell news.

Previously, many investors gave a valuation of 6 billion or even 7 billion US dollars.

But the valuation of 10 billion US dollars still shocked them.

That is the dividing line for super unicorn companies!

Any company that can reach this level of valuation is a leader in its respective field.

In fact, it is a well-deserved industry leader.

But La Wang got this valuation at only the B round.

Is that a bit exaggerated?

Such doubts lasted for less than three days.

As Yuan Li publicly revealed, the sales of Lawang’s 45 stores across the country.

Many hesitant investors instantly regretted their decision and slapped their thighs.

The average monthly turnover of a single Lawang store reached 18 million, and the monthly net profit was as high as 3.6 million.

A valuation of 10 billion US dollars is not really high.

When they contacted Yuan Li again, Lawang had already closed its financing channel.

When the company starts raising funds again, the valuation will at least increase several times.

Yuan Li is in a very good mood recently because of good things happening to her.

The due diligence of Black Ant and Redwood will take time.

At Jinshi Capital, we just go through the simple process.

The funds were transferred to Lawang’s account.

With these 400 million US dollars, it is equivalent to 2.7 billion RMB.

The construction of the headquarters building and the expansion of branches can also be arranged.

Yuan Li plans to spend 700 million yuan to purchase the headquarters building.

The remaining 2 billion yuan was all used to expand branches.

The renovation costs of branches increase with the order volume.

5 million is enough to get it done.

Kitchen equipment and deposit will also not exceed 5 million.

With La Wang's terrifying popularity, he can definitely negotiate with the shopping mall.

Wait until the restaurant is open to start paying rent.

This will maximize financial leverage.

The investment budget for a single La Wang store is only 10 million after extreme cost compression.

Opening 200 stores at once, isn't that too much? It's only 2 billion, it's not a big deal.

Even if there is not enough funds now, there will be 600 million US dollars from Black Ant and Sequoia in the future.

Yuan Li finally felt the joy of being rich.

As the only designated cooperative company, Shengxuan Decoration is both happy and painful.

The renovation costs for so many stores alone reached 1 billion yuan.

Many local decoration companies are extremely jealous of Shengxuan Decoration.

After all, both companies have the same boss.

They can only watch with envy.

This time, La Wang was very generous and directly transferred 500 million yuan as the down payment for the renovation of 200 stores.

Once the site is selected, Shengxuan Decoration will send a designer to follow up.

Qi Sheng returned to Chengdu and added a lot of manpower to Shengxuan Decoration through the system.

This order alone is enough to make Shengxuan Decoration's mouth water.

The net profit is at least 100 million.

This is the most conservative estimate given while ensuring quality.

Qi Sheng calculated it based on 100 million.

Another 100 ordinary designers were assigned to Shengxuan Decoration.

Decoration templates are all ready-made.

Even for ordinary level designers, there won’t be much problem.

Having an elite designer as the team leader is enough to complete the task of decorating Lawang’s stores.

There is no rush to select a store location.

The implementation of the headquarters building cannot be delayed any longer.

The speed at which Spicy King expands is truly astonishingly fast.

Yuan Li plans to establish several subsidiaries to cover the entire catering industry chain.

By then, office space will certainly be in great short supply.

Since she had no money before, Yuan Li had no choice but to endure it for the time being.

But now that we have money again, we must buy the headquarters building! If it were another company, doing this would definitely anger investors.

But Lawang is different. It is a company that makes a fortune every day and is so confident.

Moreover, Qi Sheng still has absolute controlling stake.

As long as he nodded, Redwood and Black Ant wouldn't dare to say anything.

…

Under the guidance of Zhou Huaiping, Yuan Li took a look at the office buildings for sale on the market.

The 700 million yuan in my hand can only buy the edges and corners.

A good location and high-quality office building will start at at least 1 billion yuan.

Yuan Li had no choice but to call Qi Sheng and let the boss make the decision personally.

"Huashang Financial Center?"

Qi Sheng was not unfamiliar with this place, as he had eaten here several times before.

Located in the core hinterland of Chengdu Financial City, it enjoys excellent transportation convenience.

The interior decoration is also among the best in Chengdu.

Anyway, my girlfriends usually like to come here for shopping and eating.

Xin Rong Ji and various high-end Japanese food restaurants can be found everywhere.

"Boss, the T2 on the right has been sold off. The one we can buy is the T1 on the left."

"The Overseas Chinese Phoenix Group intends to sell the entire floor, and the price per floor is 45 million."

"According to the budget we discussed earlier, we can buy 15 floors at once."

Yuan Li pointed to the office building on the left and talked endlessly about the advantages of its location and office environment.

"This office building has only 38 floors in total, minus the 5-story commercial podium below."

“The actual office space is only on the 33rd floor.”

“Are you sure you can buy the 15 floors connected together?”

Qi Sheng frowned slightly, looking a little dissatisfied.

"I'm afraid it won't work if they're connected, but it's definitely okay if they're bought separately."

Yuan Li also wanted to buy the entire building next door, that would be really grand.

But the budget is not enough, so it’s just something I can only think about.

"Since we are going to buy the headquarters building, we don't need a few hundred million."

"First, take out 1.5 billion and buy T2."

“The $600 million from Black Ant and Sequoia will definitely be enough for the subsequent branch expansion.”

Qi Sheng made the decision immediately and doubled the budget for buying a house.

"Then listen to the boss!"

When Yuan Li thought about the 4 billion yuan that was about to arrive in her account, she felt extremely relieved.

"Boss, what about property management?"

Zhou Huaiping was filled with envy when he heard this.

Shengxuan Real Estate cannot certainly be compared with star companies like Lawang, they can only dine on the side.

"Don't worry, as long as it is a property owned by our company, it will be managed by you, and this building is no exception."

Qi Sheng smiled and patted Zhou Huaiping on the shoulder, then painted a big picture for him.

"Hehe, then I feel relieved."

Zhou Huaiping is very content.

With an additional office building to manage, we can receive more property management fees every year.

Delicious! …

5th floor, Huashang, Xinrongji.

Qi Sheng, Yuan Li and others had a quick meal here.

The operating system’s forced acquisition function directly bought Huashang’s T2 office building.

There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!

The market value is 1.5 billion, which is a price that is neither high nor low.

The housing prices in Chengdu are definitely not comparable to those in Shanghai.

Huashang Financial Center is already considered one of the top quality office buildings in Chengdu.

[The relevant office property rights procedures are being processed, please wait patiently...]

After seeing the system prompt, Qi Sheng soon received a call from Lei Ting.

1.5 billion yuan was directly transferred from La Wang’s bank account in the name of acquiring the property rights of an office building.

Qi Sheng said a few words casually and smiled at Yuan Li and Zhou Huaiping who were looking expectant.

"The office building has been negotiated, and the property ownership will be processed soon."

"When the time comes, let Zhou Yu from CCB help with the operation. We can at least mortgage 1 billion yuan."

For banks, they are naturally willing to increase the pledge limit for such high-quality office buildings.

A pledge ratio of 70% is basically the limit.

Yuan Li almost forgot that she could still pledge her loan, and her mood immediately became better.

Spend 1.5 billion and get back 1 billion.

If you think in this way, the pressure of buying a house will be very small.

Yuan Li quickly said: "Okay, I will visit Zhou Xing then."

"For such a good thing, he should visit you."

Qi Sheng is not really arrogant, but the King of Spicy really has the ability to do so.

All the local companies in Chengdu.

There are only a handful of people who can reach the level of Spicy King.

When Lawang goes public, he will probably receive many honors as an outstanding entrepreneur.

Recently alone, many government departments have approached Yuan Li.

They tried to win him over with sweet words, fearing that La Wang would be attracted away by investment policies in other places.

[The property rights of the office building have been processed and the relevant documents have been sent to your chairman's office]

As soon as Qi Sheng and his friends left the hotel, they received a prompt from the system.

This speed is so fast that even SF Express has to admit defeat.

He spent 1.5 billion to buy the building and another 500 million as a down payment for store renovation.

The 2.7 billion yuan that La Wang had just obtained was reduced to only 700 million yuan in a blink of an eye.

Now that we have purchased the headquarters building, we have to renovate it, right?

Qi Sheng waved his hand and directly gave a soft decoration budget of 100 million yuan.

After all, it is a 33-story office building, so it is not too luxurious.

Shengxuan Decoration won this huge order.

Everyone couldn't help but be excited.

Such a large order can usually only be obtained by the top international architectural firms.

If Shengxuan Decoration can really deliver satisfactory works, it may have a chance to expand beyond the southwest in the future.

Peng Qingsong and Liu Zheng are under a lot of pressure.

The design plan that he submitted after half a month of hard thinking still failed to get Yuan Li's approval.

The design of this kind of headquarters building is usually handled by master designers.

It is somewhat difficult for them to handle the matter at this level.

Thinking that Peng Qingsong was also a veteran who followed him.

Qi Sheng spent 75 million of his own money to raise his design skills to the master level.

Expert level and master level are two completely different dimensions.

Peng Qingsong felt it particularly clearly.

The first version of the design they submitted was so ugly that it was unbearable to look at.

After a week of hard overtime.

The second version of the plan submitted by Peng Qingsong finally surprised Yuan Li.

"Director Peng, this version of your design is several times better than the first version. I am very satisfied with it."

"You guys hurry up and start the work. I hope Spicy King can move to the new headquarters building before the end of the year at the latest."

Yuan Li always has her way in Lawang.

Qi Sheng would basically support anything she decided on.

As a talented person who is loyal to Qi Sheng.

Any decision Yuan Li makes is naturally to ensure Qi Sheng’s interests first.

"Okay, Mr. Yuan."

When Peng Qingsong saw that this tough woman finally showed a look of satisfaction, he felt relieved.

During their previous few encounters, Yuan Li had left a very deep impression on him.

He is swift and decisive in his work and mercilessly harsh in his words.

But their abilities and skills are extremely strong.

The previous version of the design plan was mercilessly criticized by Yuan Li.

It would be a lie to say that I wasn't angry.

Now seeing Yuan Li's eyes full of admiration, Peng Qingsong also felt very proud.

Although, Qi Sheng will not interfere in the company's daily affairs.

However, such a major event involving over 100 million yuan of funds still needs to be reported.

But Qi Sheng had already arrived in Shanghai with his whole family.

He just glanced at the design plan sent by Yuan Li.

How could he not know what Peng Qingsong's level is?

There is naturally nothing wrong with this design.

Qi Sheng: "Just decorate it according to this plan."

Seeing the boss's reply, Yuan Li felt more relieved.

Yuan Li: "Boss, the funds for Black Ant have arrived. Do you think we should stick to the previous plan for the location of the branch?"

Qi Sheng: "We will no longer add branches in existing cities. We will start with second-tier cities first and not take too big a step."

Yuan Li: "Okay, I'll take people to start selecting a site right away."

With this wave of financing, Lawang can really expand all at once.

It is not impossible to open 500 branches.

But doing so will only affect the reputation of existing stores.

Qi Sheng would not be so short-sighted.

Even if you don't talk about making a fortune in silence, at least you have to walk steadily.

What is Haidilao? It has a cheating system.

Not to mention a market value of 100 billion, even a market value of 1 trillion is easy.

(End of this chapter)