Chitchat Bak Chor Mee receipt for $500k!

[Scrooball (clone)]

Lol these hawkers all dreaming of striking Toto until they went mad. Bak Chor Mee this kind of simple peasant food need what special recipe?

https://mustsharenews.com/lai-heng-recipe-sale/

Toa Payoh Bak Chor Mee Stall Lai Heng Selling Secret Recipes For S$500K​

As hawker owners age, we’re starting to see many of them unable to keep their stalls going for various reasons. Most of the time, their children or younger relatives do not wish to take over.

However, determined to keep the business alive, these hawkers hope to sell their recipes so they can finally enjoy their well-deserved retirement.

One of them, the boss of Lai Heng Mushroom Minced Meat Mee at Block 73 Lorong 4 Toa Payoh, is looking to sell his secret recipes for S$500,000.

 

[JohnTan]

Do you have S$500,000 to spare? Do you want to buy a bak chor mee business?


Because if you do, you're in luck.

A well-known Teochew-style minced meat noodle stall in Toa Payoh has been put on sale by its owner, Li Huiping (all names in hanyu pinyin), 63.

The 37-year-old Lai Heng Mushroom Minced Meat Noodle business has no successor.

It has been in business since 1985.

The first-generation hawkers are quite done with the day-to-day running of the stall, according to Shin Min Daily News and 8 World News.

The second-generation hawkers are not keen as the business is taking a toll on their bodies.

The asking price for the recipe to take over the stall is S$500,000.

The stall was originally located at Block 85C Lorong 2 Toa Payoh, and later moved to Block 51 Lorong 6 Toa Payoh, before settling at Block 73 Lorong 4 Toa Payoh.

It is jointly run by Li and his niece, as well as his eldest brother, second sister, third sister, and fifth sister.

Put up for sale in July 2022
In a July 3 Facebook post, the stall said it was time to move on and asked if there were any takers who would like to buy the business and carry on its legacy.


The post said: "After 37 years of serving our loyal customers, we have decided to pass the torch to new owners who are equally as passionate to serving our customers. We thank everyone who has joined us on this journey. If you’re interested in getting the recipe, please reach out to 96202074."

Health concerns
The owner's niece, Zheng Lishan, 49, said her uncle explained at a family meeting that he and his siblings were getting older and their physical strength were waning, so they wanted to slow down and choose to rest, according to Shin Min.

Zheng said: "Uncle is 63 years old this year. In addition, his health is not good. He has kidney and heart problems, so he only works two or three hours a day."

She has ruled out taking over the stall owing to health problems.

"I also have heart problems," she explained.

"My wrists and shoulders sometimes swell up, so I have to take anti-inflammatory drugs and need more rest."

Zheng's 33-year-old cousin, who has F&B background and started helping out at the stall five years ago, has said she is not interested in running the business.

Although she "can't bear" for the stall to be handed over to others, Zheng said her family members decided to prioritise their health as some of them have health problems too.

https://mothership.sg/2022/08/minced-meat-noodles-toa-payoh-sale/

 

[Rogue Trader]

Why out A*star never invent an automated bahchormee making machine?

 

[laksaboy]

I think this trend of selling low SES F&B 'secret recipe' for a high price started with this, back in 2014. Since then, it has been monkey see, monkey do.

Kay Lee Roast Meat Joint sold for $4 million​

https://www.straitstimes.com/lifest...illion-5-other-eateries-and-recipes-with-high

 

[sweetiepie]

Is the 500k include owning the stall space ?
If is simplee the leeceipe then is daylight robbery. Is not even worth 50k for even an emperors leecipe.

 

[JohnTan]

Is the 500k include owning the stall space ?
If is simplee the leeceipe then is daylight robbery. Is not even worth 50k for even an emperors leecipe.

Yes, with the rental agreement too. The $500k also include all the health problems that comes with running their bak chor mee stall.

 

[FUNCHOI]

My mee Siam Mai hum recipe offering $6.9M.

Any takers?

 

[Pinkieslut]

Low SES peasant food.

 

[syed putra]

If i sell halal Bak chor, my sales will double. But need to borrow $500k

 

[searcher1]

Uncle want to earn last round before run away
What secret recipe will BCM have ?
Rather go work at another BCM stall for 3 months
Learn all the basic of preparing, cooking, handling
Then come out own version BCM, it would be more satisfying

 

[mojito]

If u gots 500k to spare u won't need to go make bakchormee lah. Go flip properties better.

 

[laksaboy]

If u gots 500k to spare u won't need to go make bakchormee lah. Go flip properties better.

Better than flip: hoard properties and be an AirBnB pimp.

 

[JohnTan]

If i sell halal Bak chor, my sales will double. But need to borrow $500k

halal is usually not good for business. Some korean bbq restaurants used to do very well when they served beer and pork. But they decided to go halal to try to win the moslem market. In the end, their business suffered irreversible damage and other competitors took over their business share. And the growth in halal customers never did materialize.

 

[countryman]

Secret recipe my foot! No one so stupid to pay 500k for BCM recipe. The halal pork lard, black vinegar n chilli paste are what matters most only! Rest of ingredients like fish cake, fish balls, mince halal pork can be easily bought from ntuc...