The elegant restaurant, which opened to much hype in November 2022, cost about S$ 1 million to set up. Around S$ 800,000 was spent on repairs and the equipping of the distant home.
” If we had spent less, we would probably still be operating. It’s the start-up funding that killed us”, he told 8days. roc.
Harrison and his partners, who also own ying ash idea Charcoal Fish Head Steamboat Restaurant, retro-themed kopitiam Tan Xiang Chai Chee and ale garden Playground, had projected the restaurant may break yet within two years.
But, operating at its present site in Little India has been challenging. The business suffers a lot during the rainy season because most of their chairs are located outdoors, but there is also no driving and house nearby.
” We foresaw these issues, but we didn’t believe they may affect us but badly”, shared Yeo.
” When enterprise was great, we made wealth but even then, it was not great. But in terrible times, the losses were great, around S$ 20, 000 to S$ 40, 000 per quarter. Maybe this site is not appropriate for our idea.