Vadai stall owner lost $100k for last year Bazaar

[FireOpal]

For instance, founder of the The Original Vadai Stephen Suriyah has rented two booths in one location, instead of the four he took up at different parts of the bazaar last year despite the lower rental costs this year.

The vadai shop owner is paying S$15,000 (US$11,000) per booth this year, about S$3,000 less than what he paid in 2023.

His reluctance to take up more space comes from losing over S$100,000 last year, he told CNA.

He added that the low price of his items means he needs to produce a large amount so the stall can make money.

"I'm selling (vadai) for about $1.30 cent per piece. So even if I sell 1,000, it's only S$1,300. That doesn't even cover my rental and manpower costing (per day) for this year," he said, adding that the situation is different for others who may sell items that cost S$10 each.

https://www.channelnewsasia.com/singapore/ramadan-geylang-serai-bazaar-kampong-glam-rental-manpower-overheads-4192106

[default]

i just bought some vadai today leh

[No guessing game]

Sure or not lose so much.

[GhostZM]

Still stupid to rent at 15k this year as well..


CheerS!!!😉

[daryl76]

lol $15k per booth
means still need to sell 15000 vadai just to cover rental

he still seems very confident this year leh

[default]

lol $15k per booth
means still need to sell 15000 vadai just to cover rental

he still seems very confident this year leh

today i bought so many vadai and other stuff wanted to see u free boh then pass u help me eat

coz i too late dont want go back office liao

end up pass to my relative/neighbour

[daryl76]

today i bought so many vadai and other stuff wanted to see u free boh then pass u help me eat

coz i too late dont want go back office liao

end up pass to my relative/neighbour

today tio jaybee trip so bopian... lol

why u go buy so many?

[default]

today tio jaybee trip so bopian... lol

why u go buy so many?

i dunno leh crazy today..... went polyclinic to make appt for specialist. before that bo liao went lavender to buy

then when everything finished a bit late for me to go office since i got MC

[denpahenkan]

Why even bid then?     

[Bardiel]

kp loss yet still bid

really ownself pawn ownself

[default]

Why even bid then?     

no idea also u see CNY most yrs they say will lose. but this yr they more confident to make money

but nv really read reports saying they make more this yr

maybe nxt yr they will say lose again

[Uncle Lorger]

The vadai shop owner is paying S$15,000 (US$11,000) per booth this year, about S$3,000 less than what he paid in 2023.

"I'm selling (vadai) for about $1.30 cent per piece. So even if I sell 1,000, it's only S$1,300. That doesn't even cover my rental and manpower costing (per day) for this year," he said, adding that the situation is different for others who may sell items that cost S$10 each.

https://www.channelnewsasia.com/singapore/ramadan-geylang-serai-bazaar-kampong-glam-rental-manpower-overheads-4192106

But SGD 15k is for 1 mth rental is it?
I see online say Geylang Serai Bazaar open from 8 Mar till 10 April
So 15k divide by 30 days is sgd 500 per day

[FireOpal]

He rented two booths at $15k each. Total $30k for around 30 days.

https://saltandlight.sg/business/i-am-not-a-smart-businessman-its-god-whos-been-there-for-me-original-vadais-stephen-suriyah/

[default]

Actually is still cheaper than cny for sure. But i nv go the geylang serai one.... i think once pass by only. Worth going?

Then this yr kampong glam got new one?

[daryl76]

i dunno leh crazy today..... went polyclinic to make appt for specialist. before that bo liao went lavender to buy

then when everything finished a bit late for me to go office since i got MC

i find it ok ok only
last time maybe still good but once they gain popularity, thats it man!!