Davidklt 6th Gear February 13, 2020 Share February 13, 2020 Those course would be useful for you : https://eservices.nyp.edu.sg/alls/course/cseDetails.jsp?id=15680 ↡ Advertisement Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 13, 2020 Share February 13, 2020 3 hours ago, Count-Bracula said: Ang mo kopi not nice lah, like drinking coffee flavoured water. Anyway, location may not be crucial if food is good. Foodies sure hunt you down no matter where you are. The kopi in US is the worst ... 2 1 3 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 13, 2020 Share February 13, 2020 4 hours ago, BanCoe said: I cannot even swallow those $5/$6 coffee /teas ..... maybe those in CBD can take them in fashionable areas , sipping away slowly whilst I gulp it down ..... I still like the coffee shop $1.20-$1.50 type I can only with 60c kopi .... u atas 1 5 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 13, 2020 Share February 13, 2020 3 hours ago, Tianmo said: close friend of mine, invested $280K in a cafe for his daughter to run. The cafe lasted 15 months, first 4-5 months was alright, the last 10 months see red every month, until decided to cut loss before the 2 years lease was up. Total lost in the end... Nowadays genY think everything is smooth smooth like siao ... everything cum easy . Even those in the 20s ... they still mental like a teenage . Your friend shld have get his daug to work in a cafe before opening one. 6 2 Link to post Share on other sites More sharing options...
Lala81 Hypersonic February 13, 2020 Share February 13, 2020 3 hours ago, Othello said: dun need luck lah, just enough money It's not really about money cos many people have lost 6-7 digits in f&b. It's really luck whether u survive or not. Sometimes even successful f&b entrepreneurs cannot replicate their initial success. Even with their experience. 5 Link to post Share on other sites More sharing options...
Lala81 Hypersonic February 13, 2020 Share February 13, 2020 27 minutes ago, Angcheek said: Nowadays genY think everything is smooth smooth like siao ... everything cum easy . Even those in the 20s ... they still mental like a teenage . Your friend shld have get his daug to work in a cafe before opening one. I think the dg probably did work hard lah. But how many f&b outlet owners didn't work hard. Just like how many lazy hawkers are there? Probably not many. 1 3 Link to post Share on other sites More sharing options...
RogerNg_185295 6th Gear February 13, 2020 Share February 13, 2020 Is it better to start with a franchise biz like 7 11? Link to post Share on other sites More sharing options...
Mkl22 Twincharged February 13, 2020 Share February 13, 2020 friend started an ice cream cafe about 14years back, a pretty well known shop now. Learnt the trade by working for others for close to 1.5years. her boss knew what her plans were as she was upfront about it and he didnt mind as long as she didnt open shop in the same area. She was also humble and willing to learn. Glad that it paid off for her. But would suggest that one learn the ropes from the bottom up as one way to learn. throwing money without understanding the trade well is, IMHO suicide as many have failed. 9 Link to post Share on other sites More sharing options...
Freeder Hypersonic February 13, 2020 Share February 13, 2020 (edited) 22 minutes ago, RogerNg_185295 said: Is it better to start with a franchise biz like 7 11? Even worse than starting a cafe... Mai dun tua people lei.. Franchise business are normally for those with deep deep pockets..forget abt those cheapo franchise .. basically throwing money into the drain... Since I’m free now, lemme TCSS wif u.... Got a frd started with a fried chicken Franchise.. nett profit margin 15%.. Take home pay after all the plus plus plus : $3k / mth for at least 12 hrs per day.. After 2 yrs of struggle, surrender.. FFS , dun anyhow suggest this and that without any research nor real life experience... Nbzzz Edited February 13, 2020 by Freeder 7 3 Link to post Share on other sites More sharing options...
Tianmo Hypersonic February 13, 2020 Share February 13, 2020 30 minutes ago, RogerNg_185295 said: Is it better to start with a franchise biz like 7 11? Franchise fee, rental and inventories alone is about $200,000 to $250,000. Must open 24x7, 365 days a year, owner must be hands on and not just employ some one to run the shop (Written in the contract). First 6 months prepare to sleep in the store. You go figure out better or not. But so far I understand can make money. 5 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic February 13, 2020 Share February 13, 2020 1 hour ago, Angcheek said: The kopi in US is the worst ... Looks like longkang water, tastes like longkang water. That's why Starbucks thrives! 1 3 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 13, 2020 Share February 13, 2020 15 minutes ago, Volvobrick said: Looks like longkang water, tastes like longkang water. That's why Starbucks thrives! If I go US and open a Kopitiam ......... maybe I will earn alot of money too 😁 3 2 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 13, 2020 Share February 13, 2020 1 hour ago, Lala81 said: I think the dg probably did work hard lah. But how many f&b outlet owners didn't work hard. Just like how many lazy hawkers are there? Probably not many. Work hard does not mean "Sure Win" lel .......... it is How they Think that count (e.g. dont worry, leave it to G or leave it to Lady Luck etc etc ) Many only think of the Positive side , sure earn money one ....... but didnt think of What if Fail ........ Even worst case close shop , still got a roof by daddy. Open Cafe itself meaning selling a premium service & product . If they dont think deep deep , sure close shop. One shop front around Town Centra , i would guest monthly rental about 12K-16K , if you include labour , COGS etc , other admin , taxes , depreciation etc .... no earn 30K , cannot cover cost. 9 Link to post Share on other sites More sharing options...
BanCoe Hypersonic February 13, 2020 Share February 13, 2020 2 hours ago, Angcheek said: I can only with 60c kopi .... u atas ooii!! where Sg got $0.60 kopi/teh?? 2 2 Link to post Share on other sites More sharing options...
BanCoe Hypersonic February 13, 2020 Share February 13, 2020 1 hour ago, Freeder said: Even worse than starting a cafe... Mai dun tua people lei.. Franchise business are normally for those with deep deep pockets..forget abt those cheapo franchise .. basically throwing money into the drain... Since I’m free now, lemme TCSS wif u.... Got a frd started with a fried chicken Franchise.. nett profit margin 15%.. Take home pay after all the plus plus plus : $3k / mth for at least 12 hrs per day.. After 2 yrs of struggle, surrender.. FFS , dun anyhow suggest this and that without any research nor real life experience... Nbzzz Bosch you guru #1 , pls bank your $$ with BankCoe 3 1 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 13, 2020 Share February 13, 2020 51 minutes ago, BanCoe said: ooii!! where Sg got $0.60 kopi/teh?? Got la ... i open one 😂 3 3 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 13, 2020 Share February 13, 2020 1 hour ago, Volvobrick said: Looks like longkang water, tastes like longkang water. That's why Starbucks thrives! Smelly smelly need to sell min 200 cup of coffee to cover cost. ....everyday for 365 day 😂 1 4 Link to post Share on other sites More sharing options...
Mkl22 Twincharged February 13, 2020 Share February 13, 2020 1 hour ago, Angcheek said: Smelly smelly need to sell min 200 cup of coffee to cover cost. ....everyday for 365 day 😂 Ya. Own boss is like that. Struggle like hell. 1st to come and last to leave. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
❤️What did WE makan today! BabyBlade is back!❤️
❤️What did WE makan today! BabyBlade is back!❤️
Which CRM is Right for Me? How to Choose a CRM?
Which CRM is Right for Me? How to Choose a CRM?
Makan in Thailand
Makan in Thailand
Public transport business models
Public transport business models
Food delivery firms take up third-party liability insurance
Food delivery firms take up third-party liability insurance
Car-themed cafe shut down by the authorities after just two months of operation
Car-themed cafe shut down by the authorities after just two months of operation
Road to red restaurants/hawkers list, Singapore version?
Road to red restaurants/hawkers list, Singapore version?
free healthy food for the people
free healthy food for the people