The farm’s logistics office and the resort’s administration office were in the same area.

They quickly arrived at the building that housed the offices.

In the building lobby, there were already about ten people standing, apparently waiting for Lin Cheng and Lin Momo.

“This is Lin Cheng, the future boss of our farm,” Xu Yi gestured to Lin Cheng and introduced him to everyone. After a pause, he also gestured to Lin Momo and introduced her, “This is our little boss, Momo.”

Upon hearing this, everyone quickly greeted Lin Cheng and Lin Momo.

Lin Cheng also looked at the crowd and nodded.

Xu Yi continued, “Including the driver who picked you up earlier, there are 12 people.”

“This is Uncle Yan, who is temporarily responsible for driving on the farm and patrolling every day. This is Aunt Wang, who is responsible for cooking in the canteen. If any guests come, Aunt Wang will also cook.

“These two people are Diao Xiaofen and Wang Jia, the two of them are mainly responsible for cleaning the office area and accommodation area, and Jiang Dazhi here is responsible for the management, cleaning, and feeding of the animals in the small zoo…” Xu Yi pointed at each of the 12 people in front of them and introduced everyone one by one to Lin Cheng and Lin Momo.

“Are these everyone on the farm?” Lin Cheng asked, frowning slightly.

Xu Yi looked embarrassed, lowered his head, and said, “Well, there is one other, Sister Liu. She is recruited locally and doesn’t live on the farm at night.”

Xu Yi’s voice became less and less confident as he spoke, and in the end he could only bite the bullet. He whispered, “There are only these people now, it’s why…”

Xu Yi wanted to explain, but was interrupted by Lin Cheng, “Let’s talk about it when we go up.”

“Yes.”

He sent everyone back to rest. Xu Yi led Lin Cheng and Lin Momo to the office on the second floor.

In the office, Xu Yi handed a book of information to Lin Cheng, “Here is an introductory brief to the farm and some historical information.”

Lin Cheng opened the document, which gave a background on the farm’s location, area, construction time, official operation time, business scope, and some business plans.

In the business plan, the farm’s scope was very wide, including: resort and hotel operations, amusement park operations, zoo operations, agricultural products production, and external sales… and the production of agricultural and related products.

“Have these business projects obtained the necessary permits?” Lin Cheng asked.

“The first 14 items all have appropriate licenses, and they are all within the license period. Everything’s good except for the last item: the production of agricultural and related products. According to the previous business model, the farm made provisions for factories and workshops to utilize the farm’s produce but it was stopped due to funding issues. The construction of the factory was halted just as it was completed, but the required equipment has not yet been purchased,” Xu Yi explained.

It has to be said that the previous operator of the farm had a good concept and was very thorough in his plans. The concept of this comprehensive modern farm of ‘tourism experience, production, and marketing’ was quite innovative and well thought out but, unfortunately, they ignored the cost and marketing issues.

Lin Cheng said nothing and continued to flip through the information.

The next pages were the farm staffing plan, which called for 9 chefs, 20 security personnel, 3 machinery technicians, 12 resort hotel logistics staff, 20±5 farmland or orchard farming staff…

In total, to fully man the entire farm, at least 126 people needed to be deployed.

… …

The audience in the livestream channel also saw the personnel plan in Lin Cheng’s hand at this time, and they all expressed surprise:

[The plan was for 126-148 people, but there were only 13 people on site? What’s going on? ]

[I just wanted to say, how can such a large farm with so many facilities be run by just 13 people?]

[The gap between ideal and reality is too big…]

… … translated by Maela @ whitemoonlighttranslations.com

“Because the farm has had limited business volume for more than a year, in order to save unnecessary expenses, the original operator let go most of the unnecessary personnel, leaving only some personnel who are mainly responsible for maintaining the basic operations of the farm,” Xu Yi explained.

He had already spoken very tactfully, and to tell the truth, this farm has been open for less than three years. Except for a few batches of customers in the first two or three months, the business hasn’t been very good since then. It was really bleak: no customers came and nothing they produced could be sold.

It was already having difficulty making ends meet. How could the previous operator have the money to pay the wages of so many employees?

Lin Cheng’s eyes twitched; he put down the information in his hand and asked, “What is the current valuation of the farm?”

“This… we haven’t specifically asked professionals to conduct a comprehensive value estimation. But the land the farm is built on, plus the existing assets, are estimated to be around 110 million. The overall valuation… should not be much more than this,” Xu Yi replied.

Lin Cheng asked, “And the financial status?”

“The previous operator’s total investment in establishing the farm was around 200 million, of which the operator personally invested 30 million, borrowed 90 million from the bank, and borrowed another 30 million from the local chamber of commerce. There was also an initial investment from various sources of about 40 million.”

“The previous boss has already repaid 60 million to the bank, and we paid him his investment of 30 million to buy this place.”

“It’s just…” After a pause, Xu Yi said again, “The group of investors requested to withdraw their capital. According to the agreement signed by the former farm owner, the farm needs to return 95% of the 40 million investment—which is 38 million—within half a year. In addition, the chamber of commerce’s loan also needs to be paid off before June next year… ”

Serve as Contrast Team in a ‘Dad with Baby’ Show translated by Maela @ whitemoonlighttranslations.com

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T/N: 30 million personal investment + 90 million bank loan + 30 million from local chamber of commerce + 40 million from other investors…. is around 200 million 😂