Yes, it however driven by demand. Landlords because of the high demand are no longer prepared to offer long lease. MRT for instance are only prepared to offer 1 year tenancy whereas you find things like 5+5+5 years in some countries and the lease is indexed so the increases are contained.
Space is a premium thus the operating condition.
Rent is the killer, but its very sad that these biz owners and gahmen always use manpower as an excuse to cut wages etc..FUCK PAP...
the one is miss is Sizzlers...did like their salads and soups.
I heard that landlords will jack up the rent once the tenant has spent $$$$ to renovate. By then you are stuck with all the expenses & can't run. So if you do decide to join them, don't spend too much.
Yeah heard the lease from MRT is damn unfair to the tenants. And it seems MRT stalls in general are not doing well. But on the + side..if the Biz is not doing well,,can tong 1 year and call it quits. But also for MRT,,its target market is those buy and run type,,,no restaurants etc..so if run MRT shop for food (bread shop, sushi, bubble tea and other take away stuff,,just do simple renovation,,,buy cheaper 2nd hand equipment (quite easy to find since so many restaurants are shutting down,,can buy their stuff easily and cheaply)
than target the MRT commuter market. Do soo super nice for what?
Many good short term makes good long term.
A lot of lay people when they have spare cash like to start their own restaurants / pubs. It is a bit of hobby. Half the time it is fusion food which is euphemism for don't know how to cook a proper meal. The number of rich kids who open restaurants using parents money is quite a well known phenomenon.
the one is miss is Sizzlers...did like their salads and soups.
Ponderosa at Plaza Singapura was my favorite Steak/Seafood and buffet salad restaurant as a kid. Quite sad when they completely pulled out of Sinkie.
Quality of food was good value for money.
the other one i miss is ponderosa. free flow salad and ice cream.
the other one i miss is ponderosa. free flow salad and ice cream.
These days local Sillyporeans where got so much $$$ to spend on restaurants.
In fact it's a vicious cycle and the business owners (or rather employers) has got themselves to blame for hiring too many cheap FTs instead of giving jobs to locals.
Yes. Business owners want to maximize profits but the only way they can think of is cutting down operation costs.
As a result, they are not willing to pay higher wages to hire locals but resort to give the same job to cheap FTs.
Locals lost their jobs to FTs and you can imagine those once local PMETs who earns a few thousands will no longer be able to afford to eat in restaurants.
Those cheap FTs (even though got the jobs) of course will not dine at restaurants that often either.
Hence, more locals lost their jobs and less locals can afford to go restaurants.
The restaurant boom was brought about by the casinos, in which there was a surge in tourists and new immigrants. Now that tourists and new immigrants arrival have stagnated, while rentals remain high, it will be a brutal attrition war.These days local Sillyporeans where got so much $$$ to spend on restaurants.
In fact it's a vicious cycle and the business owners (or rather employers) has got themselves to blame for hiring too many cheap FTs instead of giving jobs to locals.
Yes. Business owners want to maximize profits but the only way they can think of is cutting down operation costs.
As a result, they are not willing to pay higher wages to hire locals but resort to give the same job to cheap FTs.
Locals lost their jobs to FTs and you can imagine those once local PMETs who earns a few thousands will no longer be able to afford to eat in restaurants.
Those cheap FTs (even though got the jobs) of course will not dine at restaurants that often either.
Hence, more locals lost their jobs and less locals can afford to go restaurants.
The restaurant boom was brought about by the casinos, in which there was a surge in tourists and new immigrants. Now that tourists and new immigrants arrival have stagnated, while rentals remain high, it will be a brutal attrition war.
the one is miss is Sizzlers...did like their salads and soups.
Unprofitable F&B business should just close down rather than be artificially propped up by cheap foreign labour. This is the creative process of capitalism as work. Letting them continue as a going concern simply by supplying them with cheap foreign manpower is just going to keep the entire F&B sector uncompetitive and allow it to drain resources.
Ponderosa at Plaza Singapura was my favorite Steak/Seafood and buffet salad restaurant as a kid. Quite sad when they completely pulled out of Sinkie.
Quality of food was good value for money.