"I will not come personally, but someone will represent me. He will be in charge of everything, so, you can inform him of anything related to the business." Michael responded.
Justin was silent for a moment before he responded, "Okay Mr. Santos. I will be waiting for him."
"Sure. I will send you his contact information. You can communicate and make the arrangements on this matter." Michael responded before ending the call.
Immediately after that, he sent Damian's contact information to Justin, while also sending Justin's information to Damian. In addition to the contact information, Michael informed Damian about the acquisition of this company, and the next steps that would be taken.
Just to make things faster and more convenient, he asked Adrian and Lucas to help out where necessary.
Since things had not yet stabilized, and were just starting, it was difficult for just one of them to handle everything.
At the moment, Lucas had already compiled the information related to several skills. Of course, for each skill that he compiled information on, he himself held the skill at the expert level.
Michael had not yet gone through all the information that he had already compiled, so there was no rush. As for Adrian, since he was supposed to be in charge of Michael's activities, and Michael wasn't busy at the moment, he could help out as well.
With the three of them taking action, things would be much more efficient, allowing Michael to be able to complete all the requirements within the shortest time possible.
After everything was sorted out, Michael began contemplating on something.
Annex supermarket chain headquarters was located within Brenton city. Just like most of the major businesses within the city, it was located inside the best commercial building available in the city, Pearlview tower.
This was the landmark building of Brenton city, having a total of 42 floors. It was located in a good spot in the CBD, making most of the businesses want to have their headquarters located there.
The building was owned by several shareholders and neither of the three were willing to sell their shares.
This was something very profitable, and it was inevitable that many people wanted to acquire the building.
But unfortunately, since the three of them were not willing to sell, nobody had yet to be able to acquire the building for themselves.
As for the valuation of the building, it was priced at $320 million. This price was very high, but it was to be expected, considering that this building was capable of earning $36 million in rent annually.
Due to the strategic location of the building, it was always fully occupied, making it so that the annual rental income was always maintained at about $36 million.
Each and every time that a floor was unoccupied, many businesses would rush, trying to acquire the rental rights of those floors.
With such income from the building, investing $320 million, someone would be able to recover the money within just 10 years.
And after that, it would be pure profit, considering that the $36 million was the income after the maintenance fee and other costs were deducted. That was net profit.
Back to the main point, from the information that he had gone through, Michael understood that Annex supermarket chain was not owned by any family.
Instead, it was owned by a group of shareholders. This was actually one of the reasons why it was difficult for this supermarket chain to be able to overtake price point.
At the end of the day, each shareholder had their own opinion on different matters, making decision making at times difficult.
At the same time, there was a battle between the two largest shareholders of the supermarket chain, each one of them trying to take over the position of the chairperson.
In actual sense, before the acquisition by Michael, one of them was already the chairman, but his position was not stable.
There was another major shareholder, and she was manipulating things, almost succeeding in taking over the position of the chairperson.
All of that was in the past, considering that Michael had already acquired the supermarket chain.
It was just that, due to the battle and competition between the two factions within the shareholders, the business itself was affected. That was what Michael wanted to clean up later on.
But now, since Michael had already acquired this business, he was planning to make it the best supermarket chain.
It would not be a problem if he could open branches all over the world, making it the best supermarket chain all over the world.
But of course, that was something that would take some time. But regardless, it was something to consider.
Since that was the plan, why not acquire the commercial tower? He was not planning to acquire the commercial tower to earn rent from renting out the floors of the building.
Instead, he thought, if the tower was owned by Annex supermarket chain, the prestige of the supermarket chain would be boosted.
Additionally, in the future, as the business expanded, maybe they might end up occupying the entire building, after kicking out the other tenants.
That building could be used as the provincial headquarters, with the main headquarters being set in the biggest city in the central province.
As he thought about that, he decided to make the acquisition. At the moment, with 6,020 SP, which was equivalent to over $600 million, it was quite easy for him to be able to make the acquisition.
His SP balance was reduced to 2,820 points.
Looking at his balance, and then thinking about the time that his balance had reached 73,000 points, Michael felt incredibly poor.
'I guess I will have to put in a lot of effort to recover my wealth.' Michael thought to himself.
Then, he immediately contacted Charles over the phone. It did not take long before Charles received the call.
"Hello? Are you calling about the villa? I forgot to give you the keys, but I will have Kate take you there tomorrow." The old man immediately said after receiving the call.
This made Michael remember that he had been given a villa. It seemed, he would have to pay it a visit, and see if he would stay there or not.
But, this was not the reason why he had called. So, he said, "Actually, that is not the reason why I called. It is about the supermarket chain."
"Huh?" Charles was seemingly surprised that this was the reason why Michael had called him. Then, he thought of something before he asked, "Is it impossible to acquire the supermarket chain from the Kingsley family?
I had already thought of that. This is the main business of the Kingsley family after all. So, how can they accept to easily sell it?"
Michael was left speechless for a moment. Why was this old man running to conclusions so fast?
Regardless, he responded, "It is not about that. While I have not acquired the Kingsley family's supermarket chain, I have my own reasons for not acquiring it.
But even then, I have acquired Annex supermarket chain, which is the second largest within the eastern province. I am planning to do some improvements, and then kick Price Point supermarket out of the market." Michael responded.
Charles on the other hand was shocked when he heard Michael's words. He had not anticipated such a response at all.
Additionally, it had only been about 2 hours since they had met, yet, Michael had already acquired Annex supermarket chain?
Previously, when Michael said that he would give him a response in the evening, he had bought that Michael would tell him if it was possible or not.
He had never anticipated that Michael would actually acquire the supermarket chain even before the time that he had said arrived.
But the thing that caught Charles's attention was the fact that, Michael was planning to go against the Kingsley family.
Thinking about that family, Charles could not help but sigh audibly.
When Michael heard the old man sighing, he could not help but wonder, what was wrong with the old man? Was this not good news? Why did it seem like he was disappointed?
"Is there something wrong?" Michael could not help but ask.
"The thing that I'm worried about is the Kingsley family. While my family is more influential than theirs, they are not to be underestimated either.
They have some connections in the underworld, making them some of the most dangerous opponents to face. If they cannot beat you head on, they can use underhanded tricks to deal with you.
I'm just worried about you. You know, while you might be from an influential background, you can not always be on guard against such methods, right?
So, how about this? Just forget about dealing with the Kingsley family. Just maintaining the operation of Annex supermarket chain should be enough." Charles responded.
Michael already knew about the fact that the Kingsley family was somehow linked to the underworld. But, he was not the least bit afraid.
So, when the old man said those words, he simply responded, "Don't worry. I am planning on taking them down within a month. In fact, it might just be a week, and then I can take them down completely."
Charles: "???"
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