"May I have a look at your revenue item list?" Although Allen Zhang had already decided to acquire this auto repair shop, he still wanted to understand more about it.
Darren brought out the recent revenue items, and Allen took a look, realizing that they hardly made much money. The monthly turnover exceeded $150,000, but the net profit was very low. After paying for utilities, taxes, and employee wages, the net income was only a little over $10,000 after taxes.
For a legitimate auto repair shop, this income was not too low, and it could be considered a solid middle-class business, but becoming wealthy was still a far-off dream.
However, it didn’t matter. He wasn’t planning to operate this auto repair shop as a typical garage anyway. The real money was in the business of customizing used cars.
The reason Darren wasn’t making a profit was mainly that he was too formal and law-abiding, not using any street tricks.
The last time he serviced the General Sect Leader’s RV, he only charged a few hundred dollars. If you could make money that way, it would be a miracle—a truly conscientious business.
But being conscientious didn’t bring in money. Look at those shops run by Blacks nearby, all stocked with illegal parts, and who knows where they got their inventory. They hardly consider the customers’ needs, cutting corners wherever possible, and all the money saved goes straight into the owner’s profit!
"I think the price you’re offering is very fair. If it’s convenient for you, we can sign the contract right now." Allen Zhang readily agreed to take over the auto repair shop, "Don’t worry about the employees. I have some experts who have worked in maintenance before. Some of them have even specialized in repairing tanks and military vehicles. They can take on the job."
"Are you sure you don’t want to learn more about it?" Darren was a bit incredulous.
It was his first time seeing such a decisive buyer - just by checking out the environment and turnover, he decided to buy the shop.
"I suggest you take a look at the overall structure of the auto repair shop. After all, $60,000 is not a small sum!" Darren, being diligent, offered to take Allen Zhang on a tour of the auto repair shop.
"Ok." Allen Zhang didn’t reject his suggestion and followed Darren to tour the interior decoration.
The front yard, the backyard, the second floor was the office, which even had a computer, and the walls were adorned with murals of luxury cars.
All kinds of repair tools and equipment were readily available inside, and just those tools were worth thousands of dollars. Honestly, being able to buy this repair shop for this price was a steal.
In life, it’s not easy to find such bargains; you have to rely on information and loopholes!
The location of the shop was also relatively good, neither too remote nor too central, situated in a moderately busy area with plenty of car traffic.
After touring the entire environment, Allen Zhang’s thoughts remained unchanged, "Let’s draft the transfer contract now. A flat fee of $66,000!"
"Alright, since you’re so straightforward, any more I say would just seem redundant."
Darren happily agreed, using the office printer to produce a paper contract that he had prepared beforehand. Allen Zhang downloaded the electronic contract to his phone and sent it to Dave to review.
Dave responded quickly: no problems at all. It’s a very standard transfer contract. It even includes land tax and tools, and payment can be made in installments. Are you sure you want to spend so much money on a repair shop? Are you planning to enter the auto repair industry?
Allen Zhang: Of course, it will bring me more profits.
After confirming there were no issues with the contract, Allen Zhang promptly signed his name and transferred $66,000 to Darren directly.
Darren received the transfer notification and was very happy. He shook hands with Allen Zhang, "I don’t know how to thank you. I was worried about how to sell this place, but you’ve solved a big problem for me. With this money, I can pursue my dreams elsewhere. I hope your business thrives!"
"Borrowing your good luck, buddy." Allen Zhang smiled as he saw off Darren.
You’re thinking too much. With this price, this location, and a good reputation, it’s a no-brainer to take the deal for under $80,000.
Allen Zhang sent a message to the Beggar Gang Disciples, inquiring if anyone had experience in maintenance. He could pick and choose the best ones. Soon, he found several Clean Faction disciples of the Beggar Gang who had learned maintenance and had worked in repair and modification shops, all with over five years of experience.
What a talent pool we have in the Beggar Gang Disciples!
Allen Zhang immediately arranged for those skilled workers to start working in shifts here. The hourly wage would be the same as normal employees; he wouldn’t shortchange them.
Those who were skilled would stand out; the less capable would start at the bottom and train. As the General Sect Leader’s business grew, there would always be a place for them.
Soon the Beggar Gang Disciples arrived at the shop to report for work, except for one Dirty Faction disciple who looked to be in his fifties. The rest were physically fit and in their early thirties.
They hadn’t completed high school and had started working in a garage as teenagers, but were later laid off due to economic reasons.
Allen Zhang appointed the Dirty Faction disciple to be the technical supervisor. His hands weren’t agile enough for bodywork, so he could only offer suggestions. The other Beggar Gang Disciples were responsible for maintenance and modifications.
After sorting out the affairs, Allen Zhang rested in the auto repair shop for a while and soon received two transfer