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Thread: My plan to retire in Malaysia soon

  1. #1946

    Default

    Quote Originally Posted by mummy View Post
    Sold my terrace house at S$1.82mil and preparing to semiretire in JB now....
    Wondering whether to buy over a cafe biz there.
    congrats!


  2. #1947
    Ultimate Underdog
    Join Date
    May 2012
    Posts
    3,859

    Default

    Cash in pocket.

    Interesting plans. Let us know if you set up something. We go support.

    Quote Originally Posted by mummy View Post
    Sold my terrace house at S$1.82mil and preparing to semiretire in JB now....
    Wondering whether to buy over a cafe biz there.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.


  3. #1948
    Junior
    Join Date
    Jun 2013
    Posts
    1,280

    Default

    Quote Originally Posted by Kelonguni View Post
    Cash in pocket.

    Interesting plans. Let us know if you set up something. We go support.
    Thanks guys...

    Thinking of taking over a cafe restaurent business. They r asking rm150k. P&L statements not very clear about monthly profits though rm3k to rm8k but they also pay partners rm8k?

    Reno quite nice, just need to audit the numbers by receccing the place perhaps. It is called The Taste (aweful name) at Austin Heights.

    Proceeds of S$1 mil hopefully can generate S$3500 a mth and with sg condo rental of S$2 k a month hopefully enough to retire. Additional income from the biz if we takeover would be welcomed.


  4. #1949
    Junior
    Join Date
    Jun 2013
    Posts
    1,280

    Default

    Quote Originally Posted by bargain hunter View Post
    congrats!
    Thank you....quite excited....many things to do....hopefully more time to do church work and hubby can have a business there...will still come back occ to work...


  5. #1950

    Default

    Quote Originally Posted by mummy View Post
    Thanks guys...

    Thinking of taking over a cafe restaurent business. They r asking rm150k. P&L statements not very clear about monthly profits though rm3k to rm8k but they also pay partners rm8k?

    Reno quite nice, just need to audit the numbers by receccing the place perhaps. It is called The Taste (aweful name) at Austin Heights.

    Proceeds of S$1 mil hopefully can generate S$3500 a mth and with sg condo rental of S$2 k a month hopefully enough to retire. Additional income from the biz if we takeover would be welcomed.
    If Biz good why want to sell, if biz bad why want to buy. Move with care.


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