Chapter 297 - 193: Return with Full Rewards
Although Li Ang was not particularly skilled in business-related matters, just from the decorating style of this spa center and its substantial location in the city center, he could estimate that the value of this spa center was definitely more than one million US dollars.
As for exactly how many millions it was worth, that would depend on the spa center’s profitability and would require a detailed analysis.
However, to give away such a valuable spa center so readily, the Jones family truly demonstrated their wealth and power.
It was only under Adelle’s explanations and guidance that Li Ang realized his initial estimates were conservative.
This spa center’s net income alone could reach more than five hundred thousand US dollars annually, and when factoring in some fixed assets and brand value, the valuation could even reach five million US dollars.
At the same time, Fuleimeia and Adelle were somewhat surprised themselves; through their interactions over the past few days, they had always thought Li Ang was more adept in athletics, that cultural fields were his weakness since he hadn’t even attended college.
But he was actually able to sit down and go through the thick stack of documents, including the intricate details of equity agreements and more that Adelle had not explained initially.
What was most crucial was that he really could discern many key points and raised questions that even Adelle found to be quite on point.
To be honest, this somewhat overturned their image of him as a "jock."
In fact, at first Li Ang indeed didn’t understand those professional documents, but a powerful mind’s most prominent trait is its learning ability. Once Adelle had explained some of the professional terms to him, he almost had no difficulty reading the rest. He could identify many key points simply by logical deduction.