All 3 Hawker fast food Asian burger outlets by No Signboard closing down after less than 1 year

Continuing losses contributed to the closures.

Belmont Lay | August 13, 2019, 03:14 AM

All three Hawker QSR outlets located at Esplanade Mall, Jewel at Changi Airport and Kent Ridge that are less than 10 months old are all closing down.

Who started Hawker QSR?

Seafood restaurant operator No Signboard set up the hawker-themed fast food outlets in late 2018.

The announcement to branch out into fast food was made in June 2018.

Mantou with Chilli Crab Sauce.

Why are they closing down?

The closures have been attributed to "continuing losses".

When did the first outlet open?

The first outlet opened between late October and early November 2018 in Esplanade Mall.

What's on the menu?

Hawker QSR sells classic burgers and fries combo with an Asian spin.

These items include chili crab burger, Hainanese chicken rise burger, and nasi lemak burger.

An Asian bao or bun with meat stuffing is priced at S$4.50, while a burger is S$6 or more.

How much money went into setting up the outlets?

Each new outlet's setup costs was reportedly about S$500,000.

What sparked the opening of Hawker QSR?

No Signboard executive chairman and CEO Sam Lim said in June 2018 before the opening: “Our group has observed the success of McDonald’s nasi lemak burger campaign in 2017.”

“Therefore, we are very keen to seize this opportunity and ride on this rising trend of Asian fast food.”

How much are the losses from the closures?

The group said it expects an impairment loss of approximately S$500,000.

This sum was incurred for the outlets' renovation, as a result of closing these restaurants for the financial year ending Sept. 30.

No Signboard said it is currently looking for replacement tenants.

No Signboard officially reported a net loss of S$1.4 million in Q3 2019, due to “higher operating expenses incurred for its hotpot and quick service restaurants.”