- Joined
- Jul 16, 2008
- Messages
- 22,233
- Points
- 113
Can't sell business as buyers unqualified
Lim told 8 Days he is retiring.
This was after he could not find a prospective buyer for his recipe and business.
He said among those he interviewed who wanted to buy the business, "one couldn’t even fry an egg", while another was "scared to pick up a prawn".
Time to retire
The couple, who have four children, added that none of their offspring wanted to take over the business as they have their own careers.
Moreover, recent price increases for raw ingredients signalled to Lim it is time to call it quits as he has resolutely refused to raise his own prices to cater to his old-timer customers.
He said: “Cooking oil went up by 100 per cent, gas by 25 per cent."
The Hokkien mee, which comes with prawns, squid, and pork belly, ranges from S$4 to S$6 per portion.
When it first started, the Hokkien mee won fans as it was cooked over a charcoal stove.
Boss Lim said he wants to remain active and might become a food stall assistant himself when he closes down this business.
https://mothership.sg/2022/05/yang-zhou-fried-hokkien-mee-closing-down/