Got Sinkie bid $2.8 mil for the roast duck recipe

[RonRon]

The asking price for the famed recipe and premises of Kay Lee Roast Meat Joint is a cool $3.5 million, but one day after this was reported, inquiries came streaming in.

More than 40 parties - 39 from Singapore - have expressed interest, with the two highest bids at $2.5 million and $2.8 million.

Senior property consultant Raymond Lo of Knight Frank, the real estate broker for Kay Lee's owners, said: 'Most of the callers are businessmen or restaurant operators, and most are interested in hiring people to work for them. It's an investment of sorts.'

Mr Lo, who is confident he will close a deal by the year end, obviously thinks the eventual buyer will have a clear winner on his hands. He said: 'It's profitable. As long as you take over, you make money.'

 

[laksaboy]

Sadly, once this old couple quits (or dies) the food won't be as good as it once was.

You need more than just a 'secret recipe' for making good food. You need heart and emotional content.

The new owner of the secret recipe will most likely franchise the shit out of the Kay Lee brand, setting up branches islandwide, around the region and outsourcing everything.

Go eat at Kay Lee Roast Meat Joint while you still can.

 

[tonychat]

Look here, there are even people who got the money to pay even more than $2 million.

Below are the forum's sinkie low life losers' post who dun have the money and try to sour grape the roast duck seller's business acumen.
A fine example of a worthless low life loser sinkie behavior..


Post taken from : http://www.sammyboy.com/showthread.php?112763-2-million-for-roast-duck-recipe

He can bring the recipe to his coffin lah..... so expensive...

If $500k, maybe i believe.....

I have eaten better ducks elsewhere. The food is not fantastic. Over-rated is the word.

This is marketing ploy to get free publicity.
Boycott this stupid stall....

tried once, expensive and you probabaly get better in redhill or tiong bahru, con job

Knn, there are really alot of rich idiots out there. 3.5m...can last me a lifetime.

note: $3.5 million to rich people is an amount for investment to build a business economy in a land. not about spending it by yourself. The mindset difference between a worthless sinkie fuck and a millionaire mind.

 

[Unrepented]

Many TS should find out how ppl bid up the prices at ebay auctions.

Never heard of Kay Lee roast Good meh

 

[Narong Wongwan]

Indeed i also never heard before.......got any foodie sites review bo?

 

[BuiKia]

The profit is $2,000 a day.

About 2.5 years to break even for the 2 million.

 

[erection2015]

actually it is quite well known.....around the paya lebar area. I found it not too bad...but got better char siew elsewhere.

Many TS should find out how ppl bid up the prices at ebay auctions.

Never heard of Kay Lee roast Good meh

Indeed i also never heard before.......got any foodie sites review bo?

 

[Unrepented]

If so good, why don't family members continue with the biz

The profit is $2,000 a day.

About 2.5 years to break even for the 2 million.

 

[laksaboy]

If so good, why don't family members continue with the biz

The kids don't want to take over.

Not everyone wants to work in a kitchen with heat and grease.

What you get in earnings in receipt, you lose in glamour and prestige.

Watch out also for the Teochew duck rice shop at South Buona Vista Road. The owner is not getting any younger. Not sure if he has children or disciples who will take over the business.

 

[LeMans2011]

And who is the broker helping to spin this crap? I bet he can't even get a 100k offer.

 

[Raiders]

The kids don't want to take over.

Not everyone wants to work in a kitchen with heat and grease.

What you get in earnings in receipt, you lose in glamour and prestige.

Watch out also for the Teochew duck rice shop at South Buona Vista Road. The owner is not getting any younger. Not sure if he has children or disciples who will take over the business.

Brother, you got any lobang for me to be a hawker? I don't need 2k a day earnings. Just $500 nett profit a day will do. I don't mind working 14 hours, 7 days a week. Thank you in advance

 

[Ramseth]

Clear-cut money laundering operation.

 

[Zatoichi]

...the roast duck seller's business acumen......note: $3.5 million to rich people is an amount for investment to build a business economy in a land.

I'm getting more confused... I thought you're against humans eating animals?
But now, you seem to be supportive of it, as long as it's financially profitable?

 

[bushtucker]

never heard of this kay lee before.

my favourite roast duck and roast meat stall is Jiu Jiang in ghim moh market.

http://ieatishootipost.sg/2010/06/jiu-jiang-shao-la-you-have-to-ask-for.html

 

[Unrepented]

For all you know the own people may be buying it through a special purpose vehicle........to one extreme current owner fund the purchase:p Also, read uncle ram's post

But then, what do we know

The kids don't want to take over.

Not everyone wants to work in a kitchen with heat and grease.

What you get in earnings in receipt, you lose in glamour and prestige.

Watch out also for the Teochew duck rice shop at South Buona Vista Road. The owner is not getting any younger. Not sure if he has children or disciples who will take over the business.

 

[The_Hypocrite]

The kids don't want to take over.

Not everyone wants to work in a kitchen with heat and grease.

What you get in earnings in receipt, you lose in glamour and prestige.

Watch out also for the Teochew duck rice shop at South Buona Vista Road. The owner is not getting any younger. Not sure if he has children or disciples who will take over the business.

Actually, once the recipe is sold, he can always 'sell' it to others, or teach his family and disciples and they can open their own stalls somewhere else.

In food recipe, it cant be patented hor,,

 

[chowka]

"What a moron"

​

 

[cunnilaubu]

The profit is $2,000 a day.

About 2.5 years to break even for the 2 million.

$2,000 a day? Got pay tax or not? I am sure IRAS will be knocking on his door pretty soon.
Many hawkers got screwed this way after they appeared on TV boasting how nice their food are and how good their business is!

 

[Unrepented]

If this is a real arms-length business transaction, which dum dum will go and buy.

Actually, once the recipe is sold, he can always 'sell' it to others, or teach his family and disciples and they can open their own stalls somewhere else.

In food recipe, it cant be patented hor,,