Chapter 327 Solitude

• After Yang Hong and Xiao Guo left, Wang Wenbin carefully checked the accounts of the two shops. The turnover of the snack shop exceeded one million last month, while the barbecue shop's turnover dropped significantly to just over four hundred thousand. Wang Wenbin saw the reason for the decline in performance of the barbecue shop today in the back street, as Xiao Guo also mentioned. Many people saw the barbecue shop making money, so more people followed suit. A month ago, Wang Wenbin remembered that besides his barbecue shop, there were only two other barbecue shops on this street. However, in just one month, three new barbecue shops opened one after another. Although these shops were not as profitable as Wang Wenbin's barbecue shop, with more shops around, the market size remained the same, causing everyone's business to decline. Wang Wenbin had anticipated this situation when he opened his shop. This was a common problem among the Chinese people, and the root cause was that the barbecue shops did not have anything unique that others couldn't imitate. On the other hand, the snack shop did not face this issue because it had many unique items that others couldn't replicate, making Wang Wenbin's comprehensive snack shop the only one of its kind. This was also a key reason why the snack shop continued to thrive.
• Wang Wenbin carefully calculated the accounts. The turnover of the snack shop last month was 1.06 million. After deducting all expenses, the net profit was over 150,000. Wang Wenbin promised to give Yang Hong 10% of the net profit as a bonus, so the remaining profit was 140,000, which was a very good result. On the other hand, the net profit of the barbecue shop was less than 50,000. After giving a bonus to Xiao Guo, there was only over 40,000 left. Overall, the two shops brought Wang Wenbin a total net profit of 200,000 last month, which made Wang Wenbin quite satisfied.
• After taking stock of last month's performance, Wang Wenbin began to check the funds in the account of his shop. There were over 500,000 yuan in the card, including the 200,000 yuan profit from last month, as well as the rent for the two shops. The rent was included in the calculation of net profit, but it had already been paid when the shops opened. In addition, there was the turnover of the two shops this month, which had been settled with the suppliers.