If you’re reading this article, you might have come across news that some hawker owners are trying to sell their recipes for anywhere between $500,000 and $1 million. Source: Tenor This may have been your reaction when you read the news, as these figures seem to be plucked out from the sky. But crazy as it sounds, there were cases where recipes and/or businesses were sold for millions. So are these recipes worth? Let’s find out!

Breaking Even Would Take Years

Source: Giphy For some, buying a hawker recipe for $500,000 might seem crazy because you could have gotten a new HDB flat with the money instead. Some have argued that it does not make sense as it will take years to breakeven (the point at which cost and income are equal and there is neither profit nor loss). At the cost of $500,000, if...