The transfer fee of a coffee shop in Singapore is as high as 200 million!

The popularity of coffee is no longer limited to the circle of Europe and the United States, in the birthplace of tea in Asia, there is also a coffee boom, many people like the continuous expansion of the coffee market, the proliferation of coffee shops and coffee cars. The arrival of the COVID-19 epidemic, so that many cafes suffered, the closure of the closure, the transfer of the transfer.

Do you think it's not expensive to open a coffee shop now? The truth is not so good. A coffee shop in Yishun, Singapore, changed hands for as much as S $40 million (S $1 ≈), the Straits Times of Singapore reported on June 18.

The company of Y848, a well-known local catering company in Singapore, submitted a statement to the Singapore Land Administration on May 10th about the KPT Coffee Shop in the 848th block of 81 Yishun Street. The coffee shop in Yishun has 14 stalls and covers an area of about 397m2. The transfer fee is S $40 million, which means S $9361 per square foot, with 78 years left on the lease.

Earlier, another coffee shop in Singapore on Tampini's 21st Street sold at a sky-high price of S $41,682,168. According to property rights information search, the coffee shop covers an area of 604 square meters and has 18 stalls with a 76-year lease.

The change of ownership of Tampini Cafe also has a great impact on the tenants of its stalls. Tenants of Tampini Cafe told the Straits Times that rents have soared since the new operator took over in April, doubling from S $6000 to S $12000. Some stall owners said that costs have been rising, they have been in a state of loss, and the increase in rent has forced them to consider reducing the size or even withdrawing the market.

The owner of the Yishun coffee shop said he was not sure whether the rent would rise after the change of ownership.

ERA, a Singapore property company, said in an interview that he believed the two coffee shops were able to sell at a high price of S $40 million because local COVID-19 restrictions had been eased and investors were betting that consumers would flock back to coffee shops to spend, and that more such transactions were still possible for the rest of the year, but rising interest rates could dampen these fierce bids.

Singapore is only a microcosm of the world because of the rising costs caused by the COVID-19 epidemic.

Bilibili's top 100 up owner nya Jiang once shared the story of opening a coffee shop in Australia and going bankrupt in a video. Front-line livestock share a dream: to open their own coffee shop. The dream is beautiful, the reality is very cruel, in addition to the most basic rent, but also need to bear the costs such as water, electricity, gas, materials, labor and so on.

In the face of repeated outbreaks, many coffee shops have experienced several waves of restrictions: cut off passenger flow, difficult to get takeout orders, and fees such as rent still have to be paid. With a heavy purse, he escaped from the boring work station at two o'clock, but returned to the situation with nothing in his hands.

On the Little Red Book platform, many bloggers share the coffee business with a monthly income of more than 10,000 yuan. This seemingly beautiful coffee dream has prompted more young people who want to escape from boring life to step into the abyss of coffee.

Photo source: bilibili, Internet

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