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On Wang Xiaorui’s query.
Wang Shouzhe was quite earnest in his response, “Our main residence of the Longzuo Wang family consists of hundreds of courtyards and thousands of rooms. The yearly maintenance cost must be high.”
Upon mentioning this, Wang Xiaorui showed a bitter expression, “Shouzhe, you’re the clan leader too and you surely understand the struggle. Even when we try to save on its maintenance, the main residence costs us at least a thousand or two Qian Gold every year.”
“What if it requires large-scale renovations every ten or twenty years? Wouldn’t it necessitate tens of thousands of Qian Gold?”
The maintenance cost is indeed significantly higher than that of the Ping’an Wang family. But it’s understandable since it’s a county town and naturally, everything would be pricier.
“Instead of letting the residence lie vacant and still requiring upkeep, why not convert most of it into a restaurant for public business?” Wang Shouzhe suggested.
“A restaurant?” Wang Xiaorui’s expression changed as he immediately shook his head, “Absolutely not, absolutely not. This is the main residence passed down from our ancestors. Operating it publicly would disgrace them.”
“I merely gave a suggestion,” Wang Shouzhe replied calmly, “Consider my analysis, Clan Leader Xiaorui, and then make your decision.”
“The main residence of the Longzuo Wang family is situated at the prime commercial and political center, surrounded by top prominent families. It’s indeed the most valuable property in the entire Longzuo County Town.”
“This County Town has very high land prices. Even an ordinary room in a regular inn costs probably ten to twelve Copper Coins per day, doesn’t it?”
“An ordinary suite with a courtyard is hard to get without a Qian Gold. As for those luxurious, top-tier courtyards, two to three Qian Gold for a night’s stay isn’t unheard of, right?”
“The Longzuo Wang family presently occupies less than a hundred courtyards at most. We could erect a barrier around the remaining, install a side entrance, and cater exclusively to high-end clients, such as Cultivators from the Spiritual Platform Realm who come to the county on business. They would not only feel prestigious but also have a luxurious place to host their dealings.”
“If we can ensure an occupancy rate of fifty to sixty percent for these two hundred high-quality, vintage courtyards, we could yield about three hundred to four hundred Qian Gold per day! That’s a hundred thousand Qian Gold in a year.”
“Moreover, we can transform some elaborate courtyards and halls into high-end restaurants catering to Cultivators of the Spiritual Platform and Heavenly Human Realms. Reservations should be made in advance; no reservation, no service. We could easily earn several tens of thousands of Qian Gold from food and drink in a year, right?”
These words made Wang Xiaorui’s eyes widen in shock.
Doesn’t that mean we could accumulate tens of thousands in revenue? Although there will be considerable expenses, he could still earn a net profit of eighty to hundred thousand, right?
As a Celestial Being’s family.
The total annual income from all assets held by the Longzuo Wang family doesn’t necessarily amount to that figure.
Moreover, the expenses of a Celestial Being’s family are enormous with the upkeep of the Celestial Ancestor and several Spiritual Platform Realm elders, along with the nurturing of the younger generations. Presently, the Longzuo Wang family does well to save around seven to eight thousand Qian Gold each year.
This money cannot be spent casually and has to be accumulated—for the eventual changing of the Celestial Being.
Wang Xiaorui was already tempted, but he still expressed his reservations, “Shouzhe, the Longzuo Wang family is, after all, a prominent family that has lasted for a millennium. If it’s rumored that we’re operating the main residence this way, I’m afraid we’ll become a laughingstock.”
Wang Shouzhe knew the obstacle was the ancestral glory Wang Xiaorui treasured and didn’t want to tarnish. He promptly continued, “The remaining thousands of rooms also hold potential. If we rent them out to merchants or wealthy Independent Cultivators who wish to seek favors and maintain their dignity at the same time, we could probably earn an income of fifteen Copper Coins per day per room.”
“If we can maintain a fifty percent occupancy rate, we may earn tens of thousands of Qian Gold additionally.”
“But most importantly, we must capitalize on the name of our prestigious family with a millennium-long history and the fame of our ancestors who’ve reached the Purple Abode Realm. These factors would ensure the property’s high value.”
The annual profit of tens of thousands.
It’s enough to make most Celestial Being families green with envy. Most families lack the necessary conditions to accomplish this; those with the capability would probably engage in such activities.
“Furthermore, we could open Lingyun Building to the public. That place is where our Purple Abode Realm ancestor, in his later years, gained insights into the Heavenly Dao. A stay there could lead to a sudden comprehension of the insights our old ancestor has left behind, right?”
“Spending a night there must cost at least two hundred Qian Gold. Anything less is unacceptable and insulting to our Purple Abode Ancestor.”
With this series of suggestions, Wang Xiaorui was extremely moved but the only thing holding him back was preserving the millennium-long reputation of the family.
“In my opinion, it’s more shameful if a family with a history of a thousand years continues to decline. If we can accumulate enough money to ensure a smooth transition of the Celestial Being, or even return to the peak of our ancestors, that’s truly preserving face. Our ancestors, if looking down from heaven, would surely be relieved.”
Not only Wang Xiaorui, but the elite elders seated nearby also displayed breathless anticipation in their eyes reacting towards the scheme.
Wang Shouzhe was well acquainted with this eye expression, which could be summed up in three words: “Fear of Poverty!”
The elders of the Ping’an Wang family had looked at him with the same gaze in the past.
With this, Wang Shouzhe concluded his proposal, leaving them to ponder over it.
Now, as the two families were gradually strengthening their ties, if the Longzuo Wang family could become more potent, it would certainly be advantageous.
If they truly manage it carefully, though two to three hundred thousand is questionable, eighty to hundred thousand could definitely be earned. As such, the economic conditions of the Longzuo Wang family would undoubtedly improve tremendously.
At this point, Wang Xiaorui was completely taken in by the idea.