"At the moment her shop is an insider tip. Most buy their equipment in Jugg's & Sligger, the big apothecary in Diagon Alley, but we estimate a shift of the customers to Miss Ranamis' shop of about twenty per cent over the next four years. If you agree I would invest six thousand galleons into her business, which would give you about thirty per cent of the shares." Corpnik closed his first presentation and looked at Harry expectantly.
Harry thought about what Corpnik had said. He thought back to the impression of the shop he had got when he had bought his ingredients there. It had a very professional outlook and Miss Ranamis had been really helpful with pointing out the two additional books that would help greatly in developing his skills in brewing. If she reached her mastery and was allowed to branch out from selling simple ingredients she would manage to make good profit. On top there was an empty store next door, which allowed for expansion if everything worked out like it should. So the investment wouldn't be limited to the current storage space the shop had.
"I know the shop and have met Miss Ranamis when I got my potions supplies. Rubeus Hagrid showed me the shop. I liked the professionalism she showed and the ratio between quality and prices of her goods. I agree with that investment, especially as the location still holds potential for expansion once she has her mastery." Harry said.
Corpnik noted the agreement.
He presented him two other ideas, one Harry approved of, the other he didn't. While that enterprise might have been profitable, he didn't like their idea of having squibs do the work for low wages while the owners mostly did the marketing. In his experience enterprises that were led by the founders who directly worked to build up their business were more successful than those where the owners just were the face of the enterprise and others made the important decisions as the owners didn't know their own products. Corpnik noted both. Then he took out the will of his parents.
It was more or less a standard will. In case one of them died the other one would get custody of him, in case both died there was a list of people who could take custody. The top five he knew were not available as Sirius Black was in Azkaban, Remus Lupin was a werewolf and Peter Pettigrew was either dead or the traitor. Next were Frank and Alice Longbottom, who had been tortured to insanity. The last one he didn't know about, he hadn't heard yet about somebody called Dorcas Meadowes.
He was to inherit all of their possessions, and be given the option of emancipation at fourteen if he so chose. Well, that was interesting. Even if he didn't get along with his future guardian he could get out once he turned fourteen. As soon as he turned sixteen he would inherit his father's title of Earl of Ceredigion, which was honoured in both the muggle and wizarding world.
He put the will down and took a few calming breaths. He had been right; they had tried to make sure he was well taken care of. But it seemed things didn't work out like they planned and Dumbledore put his survival higher than his happiness or simply ran out of options once things had calmed down. His best chance would probably be to see if Sirius Black was guilty or not. Even if his parents had trusted Remus Lupin, there was a huge prejudice against werewolves. He couldn't see him getting custody. Perhaps he should make contact. He would be a fountain of stories about his father and perhaps a few about his mother.
"Considering the investments and the gold in both your family and trust vault, you have a net value of 5.742.307 galleons. About 800.000 are in galleons, sickles and knuts. On average the profits the investments make each year come up to about 40.000 galleons. Ninety per cent are reinvested in the businesses; the remaining ten per cent go to the family vault. You are not the wealthiest wizard in Great Britain but really well to do. The real estates have a value of totally 2.530.500 galleons, with the house in Godric's Hollow being not sellable as it was made a national monument. Potter Manor in Ceredigion needs a few repairs and a power-boost from you for the wards, then it is liveable. The house in Spain is alright and is rented out for wizarding tourists regularly and makes a profit every year. The same holds true for the houses in France and Italy. The hotel in the Dominican Republic is doing well as well. The flat in New York is rented out on a yearly base." Corpnik explained.
Harry nodded. He would have enough choices for a living place once he was of age. He would probably move into the Manor. What reason would somebody have to keep a manor and not live in it?
"Alright. That's all I need to know about my finances for now. I will take the ledger to keep updated. Now I think we need to discuss the possibilities a credit card system could offer your bank." Harry said.
"Yes, Griphook mentioned a few outlines and I'm very interested to learn how that system works. We have a standard policy regarding profit-sharing. I will listen to your suggestion and if I think Gringotts could profit from taking over the system, you'll be given a share of five per cent of the profit." Corpnik said.
Harry grinned.
.....
Do you want to read the next chapter then join my p@treon for free.
Paid members can get more than 60 chapters.
Link: [email protected]/GalaxyWonder