The lunch makes me so bloated that I don't have to had my dinner. We went to Ang Mo Kio Ave 5 to eat western food. "Aston" had an outlet in the coffeeshop and I ordered double chicken for my lunch. The bloated part came in when Ms Lily split half of her plate's chicken to me and the baked potatoe.
The real reason why we came to the coffeeshop is because an agent introduce and wanted us to buy over this coffeeshop. Mr Chan told me that the company can never prosper if we just stick to buying land to develop and sell. Rental from commercial building or coffeeshop can sometime be an alternative when the residential market is quiet.
Knowing the plan to explore into coffeeshop, I started studying the operation of coffeeshop and get some information from my relatives and friends that knows this market. I also drafted a feasibility study report on this particular coffeeshop with its proposed price. The only factor now is the lease period of this coffeeshop. Normally the coffeeshop lease period is the same as the HDB building it is under. Hence knowing that the building left 60 years, the profit margin greatly reduced as compared to 99 years lease for new buildings. Ultimately Mr Chan still put this into consideration as it is feasible with a lower return of investment.
I had decided to write an entry every week instead of the usual day by day. This is because is it too tiring to blog after work and it will affect the next day work attention. I hope the school will understand and pardon me on this change. For every week's entry I will highlight one task that is most engaging or interesting. I will also blog my unpleasant encounter if I ever encounter one.
Stay tuned and look forward to my next entry :D
