WHY HE SOLD HIS SHARE IN HIS FIRST HAWKER BUSINESS
Despite the prosperous start of Qing Feng Yuan, Kek sold his promote of the stalls company to his lover a month after opening. ” It’s a little barn, but one employer may do,” he explained pragmatically in a mix of English and Mandarin.
Kek reveals that the company was profitable – they managed to reimburse their funding within six weeks.
” For a little stall barn, it’s difficult to support two leaders with high incomes,” he added. The couple had hired two staff to help, and as they reviewed their income, they agreed this wasn’t green.
The price wasn’t according to any bad blood between the partners, he asserted. ” We’re still good friends. We have had our explanations, but we don’t battle or get angry, we simply find answers. ” In truth, his former business partner visited Kek’s fresh barn just days before our meeting, highlighting their continued friendship despite the company separation.
More than adjusting their relationship percent or opening a second stall, they chose a clear split. “We decided to remain clear, you buy me, or I buy you up, ” said Kek. Since the stalls barn was under his partner’s brand, Kek sold his share for around S$ 20,000, which included “equipment, recipes and everyone it”, he told 8days. roc.