Chapter 20: Rich

It has to be said that Joshua has a talent for becoming a professional manager. ~

At least judging from this report to the major shareholders, this guy who studied law is very organized, and knows how to divide the entire report into investment, production, sales, profits and other major aspects to tell separately, one link after another, and finally came to a conclusion that made John's heart beat more and his lips dry!

John resisted the impulse in his heart and watched line by line.

First of all, the investment completion of the flying pigeon bicycle company in the first half of this year. Last year, due to the booming sales of bicycles, the demand for products in the U.S. market alone was in short supply, so after deliberation with several directors, it was decided to invest in the construction of a second bicycle factory. The plant was built in the San Francisco area of the western United States, where Funk spent half a year. In March this year, the second plant started production, which can produce 500 bicycles per month, increased to about 900 in June, and will increase to 1,500 by the end of the year, as planned, and will also produce 400 tricycles per month.

After two rounds of expansion at the first plant in New York, the output of 2,500 bicycles and 500 tricycles per month at the beginning of the year will reach 3,000 bicycles and 800 tricycles by the end of this year, which is in line with the year-end target of the London factory.

In order to build the second factory and expand the first factory, including the investment in the London factory, the Flying Pigeon Bicycle Company paid a total of 260,000 dollars! After all, the cost of acquiring a factory in San Francisco and renovating it, plus training workers, is huge.

But the huge investment pays off.

Last year, the company only produced more than 20,000 bicycles, but in the first half of this year alone, two factories in the United States made 19,000 bicycles and 3,000 tricycles, and all of them were sold out! And by the end of the year, there will be a significant increase in this number.

That's a pretty staggering number!

You must know that the population of the United States in this era is only 50 or 60 million, and the per capita annual income is hovering at the level of two or three hundred dollars, and there are not too many people who can afford to buy bicycles, which is already a very appalling number!

The huge number of sales brings a huge amount of sales revenue, and the sales revenue of the American flying pigeon company in the first half of the year has been close to one million dollars! This is also because Joshua lowered the price of the bicycle, the factory price of the bicycle to $40, and the tricycle to $60.

Although the price was lowered, the company's profit did not decrease, because under John's construction, Funk hired a dozen mechanical engineers, and the improvement of the process greatly reduced the cost of each bicycle to about $22, and the tricycle to $35. Even after deducting various expenses such as management, advertising and taxes, as well as funds for investment and expansion of factories, the net income of the two factories in the United States in the first half of the year is still as high as 140,000 US dollars, and the full year is expected to exceed 300,000 US dollars!

Although the factory in the UK was put into operation relatively late, with a production capacity of only 1,500 bicycles per month, the 6,000 bicycles produced in just four months were sold out! And the high price of eighteen pounds also makes a profit of almost four pounds, or nearly twenty dollars, for every bike produced. In four months, 5o% of the net profit attributable to the American Flying Pigeon Bicycle Company reached 60,000 US dollars, and if the monthly output reached 3,000 units by the end of the year according to the original plan, the profit from the UK alone in the next year will be more than 300,000 US dollars!

What a staggering number?!

Spurred on by frantic profits, partners in the UK are already desperately ramping up the production capacity of the bicycle factory, and the manufacturing of tricycles is already on the agenda, and production will be put into production in the near future.

This is not the end, because according to Joshua's plan, the two factories in the United States will continue to expand, so that the monthly output will reach 5,000 bicycles and about 1,200 tricycles, and 60,000 bicycles and more than 10,000 tricycles will basically meet the demand of the American market. As for the United Kingdom, the partners have proposed a huge plan to double the production capacity, and the huge British colonies will also ensure that sales continue to be hot, and in the future, the profits of ZĂ o will be even higher than that of the United States.

That's why Joshua is becoming more and more desperate to build a factory in Germany.

It is conceivable that if a factory is built in Germany, where the industry is also reaching and people are beginning to become rich, and supplying neighboring countries such as France, Austria, and Switzerland, it is not impossible to increase sales by tens of thousands or even 100,000 units every year, which means innumerable profits!

"It's so easy to earn!"

After calculating a long number, John couldn't help but sigh secretly.

You know, John's stake in the Flying Pigeon Bicycle Company is 40 percent, and he earned $80,000 in the first half of the year alone, which is almost equal to the total amount of cash that the elder Huntelaar has accumulated in his life!

Of course, it was impossible for Joshua to give him so much money, in fact, even last year's dividends were deducted after communicating with John, and all of them were used to continue investing and expanding reproduction. Now is the perfect time for the Flying Pigeon Company to expand massively, and Joshua and the others certainly won't waste this opportunity.

But if you think about it, if Joshua's plan can be realized, maybe by the end of next year, John's dividends from the Flying Pigeon Bicycle Company will reach or even exceed that number......

It is conservatively estimated that before selling the shares of the factory in the future, the Flying Pigeon Bicycle Company can bring John at least hundreds of thousands or even millions of dollars in dividends, and the income from the sale of shares will definitely not be lower than this figure!

And don't forget, the old Huntelaar also owns twenty percent of the shares!

"With the proceeds of the Swiss Army Knife, I should be considered a rich man, right?"

As if seeing piles of green dollars, John's heart suddenly blossomed. Joshua finally mentioned in the letter that the sales of Swiss Army knives are also very hot, in just over a year, nearly 30,000 have been sold, with a profit of more than 10,000 US dollars, and military personnel in several countries have begun to contact, if you can negotiate orders, not only can you greatly increase sales, but also play the role of advertising, this small tool is likely to become a hen that lays golden eggs.

The only pity is that the sales of razors are still dismal, and Joshua has already thought of discontinuing it.

But at this moment, where would John care about the razor, and after reading Joshua's letter again, he stood up excitedly, as if he had inexhaustible energy, pacing back and forth in the study.

In this era when there aren't even many millionaires in the United States, John's net worth is definitely a rich man now!

"Finally rich!"

Unable to help but glance at the numbers in the letter again, John chuckled, his mind could not help but fly across the ocean and return to New York City. He remembered the 3.6 acres of land that Steve had bought for him in Manhattan and seemed to see what it would be like when he returned to New York a few years later......

Tips: The new domain name "biquge.info" has been launched by Biquge, and the original domain name is about to be discontinued. Please tell each other, thank you!