Brothers quit $10,000-a-month jobs, take 70% paycut to take over Nam Kee chicken rice family business

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After decades of running his chicken rice business, Chew Tee Heang, second-generation owner of 55-year-old Nam Kee Chicken Rice Restaurant, thought it was time to throw in the towel and finally enjoy his retirement. This was during the start of the Covid-19 pandemic, where food and beverage (F&B) businesses like Chew's were badly hit. Chew was ready to hand over...

After decades of running his chicken rice business, Chew Tee Heang, second-generation owner of 55-year-old Nam Kee Chicken Rice Restaurant, thought it was time toThis was during the start of the Covid-19 pandemic, where food and beverage businesses like Chew's were badly hit.

They realised that it was because the elder Chew, 62, was feeling tired and did not wish for his sons to quit their well-paying jobs to take over the business. At the same time, an opportunity to sell the restaurant had arisen., according to Channel NewsAsia . Chew himself started working at the shop, alongside his three elder brothers, when he was still in primary school.

"Our boss thought we were being poached by another bank but didn't want to admit it so we had to use that as an excuse," they shared in the interview with Shin Min.

 

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A fool turns prudent? Financially prudent people don’t buy Lamborghini, especially in Singapore, only fools and Jr (二世祖) do. Why? …. Is a depreciating assets at overpriced value (COE), only help to pay for millionaire ministers salary! Many fools in Singapore?

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