The coffee shop was a high-threshold entrepreneurial venture, with not many customers.
Mostly elite clientele or corporate white-collar workers.
In terms of popularity, Starbucks was undoubtedly the hottest coffee chain in the domestic market.
While a milk tea IPO might only be worth several billions, a coffee IPO could easily start at several tens of billions.
That's the difference.
Of course, this was all talk for later.
For now, it was just a discussion about the coffee market.
Truth be told, the majority of Tong Zelan's investments were in internet projects, but, unfortunately, Chen Pingsheng had no interest in any internet ventures.
Even when she tried to persuade him to turn Water Cloud Space's home services into an internet project, he refused.
So, she wouldn't talk to him about the internet anymore.
Because Chen Pingsheng's primary focus remained on traditional industries, and Bobo Milk Tea was just a venture into the market for young franchisees.
The fact proved that he could sell fresh fruits as well as milk tea.
There weren't too many industry barriers.
As long as he had the celebrity resources from Tengying, he could easily cross these industry barriers.
Tong Zelan found it quite interesting when he mentioned his plans to spin off Tengsheng Fresh separately.
The widely spread Tengsheng Fruit in Capital City would now focus on developing its fruit supermarkets and community stores.
And Tengsheng Fresh, being spun off, would specialize in developing fields like poultry, meat, vegetables, and fruits.
Chen Pingsheng showed Tong Zelan the financial report of Tengsheng Fresh.
Tong Zelan was startled.
The daily revenue of a single Tengsheng Fresh store consistently exceeded two hundred thousand.
The lowest monthly sales of any store hovered around seven million.
There was indeed a huge market for comprehensive fresh produce.
The traffic was immense.
It could almost completely draw away the customers from fruit and small vegetable stores within a kilometer radius.
The net profit margin of the stores remained at about 5%.
According to this financial report, the annual profit of a single store was around five million.
One year of investment, and it would take less than a year to break even.
Bigger investments, bigger returns.
If it wasn't for Tengsheng Fruit's plan to develop its own fruit plantations, they wouldn't have spun off this part of the business to develop separately.
It could only be said that there was indeed a huge market demand for fresh markets.
If one could do well in this sector, the future would definitely be promising.
Chen Pingsheng had just invested one hundred million, aiming to open around twenty-five more stores in Capital City, so he wasn't short of cash for the time being.
Therefore, he didn't need to dilute shares to raise funds.
If Tong Zelan wanted to invest, she'd have to wait until he needed money or wanted to raise capital.
This was what a quality project looked like!
The owner didn't lack funds at all; unless you could offer him something valuable,
he wouldn't accept your investment.
Quality projects always have investors chasing after them.
She felt it was quite a pity, to be honest.
As his fresh produce venture flourished more and more, the costs on Fei Yangyang's side were being saved.
He was also planning to develop his own agricultural breeding farm next year in collaboration with He Bijing.
Specially focusing on agricultural breeding.
He was going to lease large tracts of wasteland in the countryside to engage in organic vegetables and high-end varieties of poultry and cattle breeding.
He certainly wouldn't do the cheapest type; the profits were too low.
For instance, some vegetables in the countryside are painstakingly grown for a year, only for wholesalers to offer mere cents per pound the next year.
Even if you keep growing these kinds of vegetables, you won't get rich from them.
The vegetables they grew had to be premium, with each cabbage potentially costing twenty per pound.
Just label it organic and natural, and that's it.
Rural areas might not consume them, but the wealthy urbanites who cared about health would prefer such high-end vegetables.
That's the market they aimed for. Thᴇ link to the origɪn of this information rᴇsts ɪn novelꜰire.net
They certainly wouldn't bother cultivating anything too cheap.
He was now fully oriented toward agriculture projects and was bound to enter these areas sooner or later.
Grow your own and sell your own.
How could it not be profitable?