Chapter 433 – Buying Land to Build a Supermarket
Today, Xu Jinning went out with her brother to look for a shop.
As for Xie Ting’an, he returned to Beijing halfway through the summer vacation. After all, there was still an old man there, and it wasn’t good for Xie Ting’an to stay alone for too long, so he went back.
The two agreed to meet again at Beijing University when the new semester started.
The reason Xu Jinning was out looking for a shop with her brother was because…
They were planning to open a supermarket!
With the market economy improving and society becoming more open, more and more people had ventured into business in the past couple of years.
Although supermarkets hadn’t really taken off yet, there were already one or two small convenience stores, and their business was doing quite well.
After inquiring with the county leaders, Xu Jinning found out that their county was now allowing the opening of supermarkets.
Since that was the case, there was no need to wait any longer.
After explaining the supermarket business model to her brother, he gladly agreed.
So, they left someone in charge of their market stall, and he, along with Huang Minyue, followed Xu Jinning to look at shop locations.
After walking around for a while, Xu Jinning quickly combined what she’d seen with the storylines from books she’d read and settled on a place about 300 square meters in size.
Rather than calling it a place, it was more like an empty plot of land.
“Little sister, didn’t you say you were looking for a shop? This is just an empty lot,” Xu Xiangbei asked, puzzled.
“Yes, it’s an empty lot, so we need to buy the land!” Xu Jinning replied.
“Buy the land!!” Xu Xiangbei and Huang Minyue exclaimed in unison, surprised.
Xu Jinning nodded.
In fact, at first, Xu Jinning had planned to buy a shop—a bigger one, preferably with two or three floors, which would be more suitable for a supermarket.
But after looking around, they hadn’t found a suitable one.
Another reason Xu Jinning valued this location for renting and turning it into a supermarket was that the surrounding area was likely to develop well in the future.
However, if that happened, the rent for the shop would surely increase.
In fact, to prevent the rent from rising, they could sign a long-term lease with the landlord, fixing the current price for at least ten years. Even if the surrounding area’s prices increased, the landlord wouldn’t be able to raise the rent and would have to continue renting to them at the agreed price.
But Xu Jinning thought that would be unethical, and she would never do something like that.
She was also concerned that if the rent increased later, or if the landlord saw their supermarket thriving, he might refuse to renew the lease and try to open a business himself.
That was a real possibility.
Renting someone else’s property or shop came with the risk of being evicted at any time.
Perhaps that’s why every person in China aspired to own a home of their own.
Even if it meant facing high housing prices and becoming a slave to their mortgage, they pressed forward relentlessly.
So, if possible, Xu Jinning didn’t want to rent.
But when it came to buying, rather than purchasing a shop, it would be better to buy land directly.
“We’ll buy land and build the supermarket ourselves!”
In this day and age, buying land was much cheaper than purchasing a shop.
There was plenty of land available, and it wasn’t worth much yet, plus there weren’t many restrictions.
So, now was the best time to buy land and build the supermarket.
“That way, we won’t have to worry about leases expiring or the rent increasing.”
Xu Xiangbei nodded in agreement. That was indeed the case.
Buying land and building a supermarket was a great idea!
He had enough savings to afford it.
“But Jinning, while buying land is a good idea, this area doesn’t seem ideal,” Huang Minyue said after observing the surroundings.
The place was a bit remote, with few people passing through. It seemed like there was nothing but empty land all around.
Without foot traffic, will this supermarket be able to survive here?
Huang Minyue had some doubts and concerns.
“It will. Trust me,” Xu Jinning said confidently.
She was certain because, having read the story’s plot, she knew that by the end of the year, the government would start developing this area. It would quickly become a thriving business district, and eventually, this place would become the commercial center of the region.
By then, forget about buying land—just renting a shop or house in this area would come at a premium price.
And at that time, there would be plenty of foot traffic.
Opening a supermarket here was a guaranteed success!
“Alright, then let’s buy here,” Xu Xiangbei decided as soon as Xu Jinning finished speaking.
He never doubted his younger sister’s decisions.
Every single thing she had said before had turned out to be correct.
So, trusting her meant making big money!
Huang Minyue opened her mouth to say something but ultimately held back.
If Xu Xiangbei trusted Jinning, then she would too.
Her parents had even told her before she came here that whenever she wasn’t sure about something, she should ask Jinning for advice.
Whatever Jinning said would be right.
Huang Minyue trusted her parents, trusted Xu Xiangbei, and trusted Xu Jinning.
And so, the decision to buy land here and build the supermarket was finalized.
Xu Xiangbei wasted no time and immediately went to the relevant authorities to apply for the purchase of the land.
At that time, the government welcomed anyone interested in buying land.
However, when they learned that Xu Xiangbei wanted to purchase such a large, remote plot of land, they couldn’t quite understand why anyone would want to invest in such a far-flung area.
So, the staff tried to persuade him to buy land elsewhere.
However, Xu Xiangbei refused. Since his younger sister said this spot was good, then it would definitely be valuable in the future.
The only question was how much it would cost.
Seeing that Xu Xiangbei was determined, the staff didn’t press the matter further and quickly gave him a price, along with several discounts and incentives.
Xu Xiangbei had expected the land to be quite expensive and had brought a significant amount of money.
To his surprise, the price was much cheaper than he had imagined.
So, after a moment of thought, he decided to buy not only that plot but also a larger one nearby.
‘If I’ve brought the money, I might as well spend it all on land,’ he thought.
Even if he didn’t use the extra land right away, he could just hold onto it for the future.
What Xu Xiangbei didn’t know at the time was that the plot he casually purchased would later have skyscrapers rise from it and become even more valuable than the one they planned to use for the supermarket.
But that was a story for another time.
After purchasing the land, Xu Xiangbei became fully occupied.
He needed to hire workers to construct the building, which would need at least two floors for the supermarket.
Then, he had to find suppliers for the store. Of course, both the quality and price of the goods had to be guaranteed.
Xu Xiangbei planned to personally handle all of these early tasks to ensure that his supermarket’s reputation wouldn’t be damaged right from the start.
Oh, and he also brought his younger sister in as an investor, officially making it a joint venture between the two of them.
Since the idea to open a supermarket had come from her, Xu Xiangbei felt he couldn’t keep taking advantage of his sister’s ideas without giving her credit.
So, he made her a shareholder, with plans to regularly distribute profits to her once the supermarket started making money.
