Why coffee shop so many empty stall ?

skyline63 SG

Have you notice. Almost 80% of the coffee shop. There is always one or two stall empty ?

Must be the rental too high already.

Why ? I tell you why !

The owner buy the coffee shop down at a price. But take a hugh loan from the bank like 80%.

Then the owner rent the whole coffee shop to a company. Example $36,000 per month.

The company maintance the shop and rent it to the stall holder at such a high price. Without business for one month. They all will go bankcrupt ! Stall holder cannot anyhow raise the price of food or else. Everyone will be eating at home. So........ Everywhere recession. Some of the stall owner even have to sell their house in the end to meet deadline or the two-years Contact rental.

So.......... end-up everyone is poor. PAP best of all policy !

·¯riverºê SG

Well, if you can look at the neighbourhood these days....juorng point, north point, casueway point, lot 1 mall

All these big malls around the neighbourhood add to the problem of HDB shop owners....and that means also the coffeeshop owners.

If these coffeeshop owners don't catch on and give customers air-conditioned setting and cheap-priced foods....they're bound to lose out to those "food courts/ujnctions"

How to survive ? These coffeeshop owners? It's all gobble-lisation and these "sme" owners dun stand a chance

It also means that for any aspiring coffee-shop owners, they've have to lose even more $$ for an even longer term before they can break even

http://straitstimes.asia1.com.sg/sub/storyprintfriendly/0,5578,303898-1110059940,00.html?

March 5, 2005
Lifeline for struggling HDB businesses
By Lynn Lee
LAST Sunday, hairdresser Madam Shu Mee Ying, 60, made less than $20 at a salon she has been running for 34 years on Mei Ling Street. At the barber's shop next door, her husband Mr Thia Mok Chui, 63, fared hardly better.
But both are clinging on. Their two long-time employees would have no work if their shops folded, they said. Besides, the couple cannot imagine doing anything else.
It's a familiar story among shopkeepers running the 15,200 Housing Board shops here: They want to get on with their trade but the going is tough.
Despite makeovers and lifelines, small shops here are in big trouble.
An estimated 4,000, mainly those closeted in the heart of HDB neighbourhoods, are sinking deeper into the red each day, said the general manager of the Retail Promotion Centre, Mr Chng Hoon Hoon.

And dun forget, ever time a major property company wants to open a mall in the heartland, major frachises like Macodnald, U2, Goirdano, KFC,SK Jewellery, etc

Will want a pic of the action and open a shop in the mall......adding to the misery of other nearby hdb shp owners.....

And who owns the land and approves the ownership of it to these proerty firms ?

Apollo_sg SG

not really abt aircon. in fact, aircon does a disservice to good hot pipping food.

its rental and saturation of the F&B outlets. pple r clueless abt getting on with their lives to make a living n picking on F&B as a safe bet cos of cash payment.

robertteh SG

The empty coffee shop stalls and half-dead HDB shops show that the economy is still very bad. This fact is not admitted by the government who continue to increase the rentals or withdraw the past rebates given during the 1998-2001 recessions.

The same thinking is applied to bus fares. The fares will be increased because the economy is now back to growth again according to the government. What a #[email protected]#$ is the state of talents and assumptions used in taxing people just to take care of themselves or their own pockets. Laughing

·¯riverºê SG

Amen to that....anyways read the report:

http://straitstimes.asia1.com.sg/sub/singapore/story/0,5562,315003,00.html?

May 4, 2005
SBS Transit confirms proposal for fare hike
It joins SMRT Corp in applying to raise bus, train fares; cab fares may be next

By Christopher Tan
SENIOR CORRESPONDENT

Under the formula which comes into effect this year, a 2.4 per cent increase is possible. This would mean a commuter would have to pay about two cents more on an average fare of about 80 cents.
The Consumers Association of Singapore (Case) said any rise will affect the bottom 20 per cent of income earners 'adversely'.
'
Many of them are still out of jobs and are still trying to find ways and means to earn a living,' Case executive director Seah Seng Choon said, adding that the economy is just beginning to show signs of recovery.

Describing any fare hike now to be 'untimely', he noted that record profits posted by ComfortDelGro and SMRT 'should enable them to hold back the need for increases for the time being'.

'There is no urgency for the companies to adjust fares at this point in time,' Mr Seah said.

Case may have another fight on its hands, as The Straits Times understands that cab fares also look set to rise.

"Case may have a fight on its hands" ? We'll see how.....dun forget that Case is also government affliated with the gahmen

And in order for Case to investigate any complaint, local consumers have to fork out an annual membership fee of about $100 ( i think)

How many people will actually turn to Case ,given that its gahmen affliated and you have to fork out EVEN MORE for them to intervene for you against PTC? (Public transport Council)

robertteh SG

The following past Policies of the government will continue to make it difficult for the government to lower costs of living of the citizens in the coming years:-

(1) No free lunches as stated by ministers like Mah, Yeo, etc despite the fact that the ministers, MPs and Civil Servants are enjoying the free lunches in the form of golden handshake amounting to some S$1,000,000,000.00 (posted in another thread) paid by Singaporeans for their retirements after two terms.

(2) Non-welfarism (Meaning: All departments and ministries operate as cost centres whereby all costs incurred in provisions of essential services etc will be recovered fully by HDB etc and taxes already paid for such services are subtly transferred as budget surpluses.

(3) Lands acquired using citizens' monies under Land Acquisition Act were charged again up to market values by HDB, JTC, LTA, Transport companies (Previously taken over by government as public companies), various corporatization and privatisation schemes to farm out less profitable activities, Singapore Power, Government Hospitals, etc in the cost/fee computation..

So far, PM LHL has not signalled that he will look into modifications or review of these 3 high-cost practices started by LKY and carried on blindly by GCT.

If the above-mentioned 3 policies or practices cannot be discussed in parliaments or in public to get Singaporeans' opinions or views and suitably modified or reviewed, the citizens will forever be fighting a progressively losing battle against justifications by Case, News media and ministers' judgmental decisions of all kinds in the coming years.

You don't have to believe me but just look at the above-stated cost-centre computation formula for government fees and charges used by ministers Mah and Yeo in arriving at all the fees and charges again.

skyline63 SG

Many young people think. What ? Cannot fight lah. Look at mc donald. KFC, etc. But they always forget one thing in the end. They will get old. They will no longer be value in the market on day. Due to age. Someday they will lose all the earning power when they cannot get a job. So....... what happen then ?

OPEN up a shop in the HDB ? Or open a shop in shopping centre surviving ? Fighting like mad for it ? No work. Set-up business selling on the internet ? How many people buy things from the internet ? Drive taxi ? Is that what you want when you are old ?

Let all the franchies take all the business is not a good idea after all right ? It's only create more poverty in the end. So.......... poverty meaning ? Either you died or rob the bank ?

auringedotcom SG

Yay! Hip hip hurray!

iveco SG

+1 Mr. Green

iveco SG

http://www.sgforums.com/?action=thread_display&thread_id=131737