Lou Shang eatery @ Prinsep street closing down next month after only 3 years of operation

[Turmoil]

Vid at https://url1.io/SsTZH

 

[OYK]

Thanks for sharing, tonight can sleep well!

 

[eatshitndie]

eat at lou shang to get lou sai?

 

[Deadcalm]

https://cnalifestyle.channelnewsasia.com/dining/lou-shang-hdb-cafe-closing-584686

 

[Si1verwolf]

The only F&B businesses that survive and thrive are those that sell no-frills, no-nonsense hawker staples at affordable prices.

Economy rice, chicken rice, char siew rice, fishball noodles, etc. Decent portions and at affordable prices.

Those selling instagram-worthy food are delusional. Nobody wants to eat your expensive croissant everyday. In fact, nobody wants to eat your expensive croissant at all. Same for those "new-gen hawker fare" where the servings are so small yet the price is expensive.

All never use brain one *LMAO*

 

[True Believer]

The wave of closures among S'pore’s F&B establishments is staggering. Thousands of eateries are closing down every year, reaching a 20-year high. Established brands, Michelin-starred restaurants and hawkers are closing shop for good. Rental is massive and volatile, with many tenants reporting hikes of up to 49%. Landlords claim increased construction and maintenance overheads, often demand steep renewals or seek to rotate tenants to refresh their property. Rent hikes are fatal for eateries struggling with thin profit margins of only 3% - 8%.

 

[Sikodolaukazzz]

The wave of closures among S'pore’s F&B establishments is staggering. Thousands of eateries are closing down every year, reaching a 20-year high. Established brands, Michelin-starred restaurants and hawkers are closing shop for good. Rental is massive and volatile, with many tenants reporting hikes of up to 49%. Landlords claim increased construction and maintenance overheads, often demand steep renewals or seek to rotate tenants to refresh their property. Rent hikes are fatal for eateries struggling with thin profit margins of only 3% - 8%.

No one is to blame except Dumb the clown

 

[Si1verwolf]

"Don't worry team! We sure will huat one! We are next gen hawkers! The prices we charge is 2.5 times that of the next door ah gong ah mah cai png stall because our offerings are insta-worthy! And our menu is AI generated by Chatgpt! Plus our name 楼上 is so cool! So next-gen yet so back-to-our-roots!"

Vid at https://url1.io/SsTZH

 

[laksaboy]

Just open another mala eatery. Sure make money. Make how much, can't say.

 

[eatshitndie]

The only F&B businesses that survive and thrive are those that sell no-frills, no-nonsense hawker staples at affordable prices.

Economy rice, chicken rice, char siew rice, fishball noodles, etc. Decent portions and at affordable prices.

Those selling instagram-worthy food are delusional. Nobody wants to eat your expensive croissant everyday. In fact, nobody wants to eat your expensive croissant at all. Same for those "new-gen hawker fare" where the servings are so small yet the price is expensive.

All never use brain one *LMAO*

this is why i expect tiong bahru cafe which sells $6.9 coffees and $6.9++ croissants to close underperforming stores soon. the one on upper yeast coast rd in siglap has hardly any customer in the morning at opening time. when it first opened years ago a long line of sexpats and sinkies would wait for open tables. now shake legs and swat flies with crickets chirping.

 

[glockman]

Wrong concept and theme, bad location and high prices. Doomed from the start.