by Lee Hwee Peng, 64, along withsiblings and nieces, made headlines last July when they announced that they were planning to retireNo part of this story or photos can be reproduced without permission fromHowever, a netizen who claims to have spoken to the Lee family after visiting the stall recently said on a
She says: “For $500K, the buyer wanted us to stay on with the brand and teach the chefs at a central kitchen. And if they were to open any branch, we would also have to go down for photo shoots and teach the cooks there, before doing it again for the next branch. We would have to do this for three years [as per the contract].”
She muses: “Maybe we were too innocent when we were thinking of selling our recipe. We thought [those who sold their recipes] didn’t have to sign any agreements or fulfill any requirements– it sounded very simple. But after finding out how such a deal would work, we’ve stopped trying to sell our brand.”Wee Kim declines to reveal if any of the parties involved famous restaurant groups. She also declined to elaborate on the specifics of each negotiation.
Indeed, she says that her son and some of his cousins have already agreed to help out, and are in the midst of arranging a roster –. She also feels that it will be an uphill battle trying to pass the stall wholesale over to the next generation.
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