We are a food and beverage group based in Singapore with more than 15 years of experience in the ownership and operation of food centres and food street in Singapore. Our business can be categorised into the (1) F&B Retail Business and (2) Outlet Management and Leasing Business. The history of our group can be traced back to January 2004 when Mr. Chu and Ms. Leow, our executive Directors, founded FCP to own and operate food centres.
A food centre is a non-air-conditioned or air-conditioned food establishment comprising individual indoor food and/or beverage stall(s) offering affordable food choices with indoor and/or outdoor dining areas. Unlike a hawker centre, a food centre, more commonly referred to as a coffee shop or eating house in Singapore, is usually privately managed. A food centre is an iconic representation of Singapore’s dining culture and is commonly found in residential and industrial estates. A food street is an outdoor food establishment comprising individual food and beverage stalls or kiosks with only an outdoor eating area and is not a hawker centre.
Over the years, we have grown from a small food centre owner and operator into one of the largest food centre operators in Singapore. Currently, we operate and manage a total of 13 food establishments, being 12 food centres, comprising nine non-air-conditioned food centres and three air-conditioned food centres; and one food street, under our Outlet Management and Leasing Business. According to the CIC Report, as of 2017, our Group ranked seventh in the food centre management market in Singapore and had approximately a 4.0% share in Singapore’s food centre management market.
In 2012, we further expanded our F&B Retail Business into food centres operated and managed by Independent Third Parties. Currently, we operate a total of 45 food and beverage stalls under our F&B Retail Business. 29 of these food and beverage stalls are located in food centres owned/leased and food street leased, operated and managed by us. Of these 29 food and beverage stalls, nine are operated on owned properties and 20 are on leased properties. The remaining 16 food stalls are leased from and located in food centres managed by Independent Third Parties.
We believe that the locations of our food outlets are critical to the success of our business and our food outlets are strategically located throughout Singapore. In the future, our aim is to leverage our competitive advantages to expand the scale of our operations and increase our market share in the food and beverage industry in Singapore, and expand to other regions where there are related opportunities.