Why is Leong Yeow Chicken Rice closing shop after 46 years even with S$2,000 rental discount?

. After nearly 50 years of running the business, Mdm Sun, 85, and her three sons are shutting down both their Waterloo and Queen Street stalls. Their last day of operations is on 27 May 2024.on Facebook by netizen Matthew Soh, who shared a notice that the stall owners had put up outside their shop. The notice reads: “We extend our deepest gratitude for your unwavering support and loyalty over the years. Your patronage has meant the world to us.

Leong Yeow Chicken Rice opened their first stall at Queen Street in 1978, before opening their Waterloo outlet the following year in 1979. Both shops, about a five-minute walk apart, have remained at the same location till now.reached out to Leong Yeow Chicken Rice co-owner, Mr Loy, 62, who simply says: “We’re all getting older, and we want to rest for a while”.

We are willing to lower the rent from $7,000 to $5,000 for them, but they still don’t want ,” he says. He notes that the amount includes fees for dish collection and pest control. According to him, Mr Loy and his family had been paying this $7,000 in rent for the past three years already.reached out to Mr Loy to verify this information - while he didn’t deny it, he declined to address questions relating to rent,The coffee shop manager shares that there’s low footfall in the area.

Matthew recounts that Mdm Sun was always very generous with him when he was a kid: “When we were very young, we always bought three packets of chicken rice and one packet of plain rice , auntie will never forget to give us more meat and charged us only $5 in total.” A lot of hawkers also rest for a year, and reopen in future. We’re resting now, but we can always reopen later.”61 Waterloo St, S180261 & #01-49 Albert Centre & 70 Queen St, S180270. Waterloo outlet open 11.30am - 8pm; Queen St outlet open 1.30pm - 8pm. Tel: 6334 3989.By clicking subscribe, I agree for my personal data to be used to send me TODAY newsletters, promotional offers and for research and analysis.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Leong Yeow Chicken Rice, family-run business with 50-year history, to shutter both outletsGoodbyes are never easy, especially when a bond has been formed for decades. The Loy family has been running Leong Yeow Chicken Rice since 1974 but come May 27, this 50-year run is set to come to an end. Not only would the family be waving goodbye to the business, they'd be parting ways with their customers too. A patron...
Source: asiaonecom - 🏆 10. / 59 Read more »

'It's not about rent': Leong Yeow Chicken Rice owner reveals reason for shuttering stalls; customers rush to dabao, take selfiesCompetition is understandably stiff among hawkers, especially among those selling similar food items within the same space.
Source: asiaonecom - 🏆 10. / 59 Read more »

Commentary: Why I allow my employees to moonlight — and why other companies should tooMany companies still draw the line at letting their staff take up side jobs — but what if they actually increase employee engagement and productivity?
Source: TODAYonline - 🏆 1. / 99 Read more »

Commentary: Why I allow my employees to moonlight — and why other companies should tooMany companies still draw the line at letting their staff take up side jobs — but what if they actually increase employee engagement and productivity?
Source: TODAYonline - 🏆 1. / 99 Read more »

Hin Leong founder O.K. Lim convicted of 3 criminal charges of cheating, forgeryHe will be sentenced on Oct 3.
Source: The Straits Times - 🏆 8. / 63 Read more »

Hin Leong oil tycoon OK Lim found guilty in S$151 million cheating, forgery trialSINGAPORE — The founder of failed oil trading firm Hin Leong Trading was on Friday (May 10) convicted of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and abetting forgery.
Source: TODAYonline - 🏆 1. / 99 Read more »