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25-10-2017, 01:49 PM
(This post was last modified: 25-10-2017, 01:58 PM by cyclone.
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The chef behind the world's cheapest Michelin-star meal is trying to build the next KFC
Xin En Lee
October 25, 2017
It began as a humble stall in the heart of Singapore's Chinatown, but Chan Hon Meng's soy sauce chicken business has skyrocketed since he received a coveted Michelin star from the world's most prestigious food guide last year.
Chan had been selling his plate of soy sauce chicken rice for 2 Singapore dollars (about $1.50) for the last eight years, operating from a stall taking up just 54 square feet.
Since gaining a star for that stall, called Liao Fan Hong Kong Soya Sauce Chicken Rice and Noodle, Chan's footprint has grown considerably.
Along with a business partner, he has opened seven new outlets, even venturing out of his home market to Thailand and Taiwan. By the end of this year, he will also have a restaurant in Melbourne, Australia.
Chan dreams of becoming Asia's answer to fast food giant KFC, he said.
"I would like to open a restaurant in every country to let everyone taste my soy sauce chicken," he told CNBC during an interview conducted in Mandarin, adding that he wants people to be able to try authentic Asian Michelin-starred food.
Chan has accomplished the rapid expansion with the help of Hersing Culinary, a Singapore-based company that also owns the rights to Hong Kong's Michelin-starred dimsum eatery, Tim Ho Wan.
More details in https://www.cnbc.com/2017/10/24/michelin...nsion.html
Xin En Lee
October 25, 2017
It began as a humble stall in the heart of Singapore's Chinatown, but Chan Hon Meng's soy sauce chicken business has skyrocketed since he received a coveted Michelin star from the world's most prestigious food guide last year.
Chan had been selling his plate of soy sauce chicken rice for 2 Singapore dollars (about $1.50) for the last eight years, operating from a stall taking up just 54 square feet.
Since gaining a star for that stall, called Liao Fan Hong Kong Soya Sauce Chicken Rice and Noodle, Chan's footprint has grown considerably.
Along with a business partner, he has opened seven new outlets, even venturing out of his home market to Thailand and Taiwan. By the end of this year, he will also have a restaurant in Melbourne, Australia.
Chan dreams of becoming Asia's answer to fast food giant KFC, he said.
"I would like to open a restaurant in every country to let everyone taste my soy sauce chicken," he told CNBC during an interview conducted in Mandarin, adding that he wants people to be able to try authentic Asian Michelin-starred food.
Chan has accomplished the rapid expansion with the help of Hersing Culinary, a Singapore-based company that also owns the rights to Hong Kong's Michelin-starred dimsum eatery, Tim Ho Wan.
More details in https://www.cnbc.com/2017/10/24/michelin...nsion.html
Specuvestor: Asset - Business - Structure.
