E.2.1Across all three tenures

Tendered stalls – the majority – run through the Hawkers Succession Scheme as extended in E.3: escrow (a neutral account that collects the payments and pays them out) completion is conditional on NEA's assignment approval, so no money moves unless the successor actually gets the stall. NEA (National Environment Agency, which runs the public hawker centres) bans subletting because it once drove rents up, so the payment is disclosed to NEA, capped by it, and priced on the craft, never on the location. Subsidised stalls use the same route, with one adjustment. A child who takes over keeps the pioneer's rent (the Plan, §2.1) and needs no mortgage. For a successor from outside the family, goodwill (what a stall's name, recipes and regulars are worth when it changes hands) is priced on the profit he can expect at the rent that rises in steps to the band, not on the pioneer's subsidised margin, so the price is never based on a subsidy he will not inherit. Because no public-centre stall is owned, programme credit can only ever back craft succession – never property. Coffeeshop stalls proceed with landlord consent, which the Heritage Anchor Partnership (Hawkers and Social Protection, C.12) is designed to make commercially attractive to give. There, stall takeovers already change hands privately, at prices no one publishes; the escrow simply formalises the payment, prices it on verified profit, and protects both sides.

Verified net profit (12-month median)		$4,200 / month
Goodwill at 15× monthly net		$63,000
8% of ~$19,000 gross		≈ $1,520 / month
30% of verified net profit		$1,260 / month
Successor pays the lesser		$1,260 / month
Successor keeps, before the royalty starts		$2,940 / month
Payoff horizon		50 months
Seed Bank max first-loss exposure (24 payments)		$30,240
Protected income ($1,500) binds?		No – successor keeps $2,940
Expected first-loss cost, simulated (E.1.4)		≈ $3,200 / mortgage

At roughly $3,200 of expected cost for a stall like this one – about $5,900 averaged across every tendered stall with goodwill worth selling, weaker stalls included – the mortgage gives the retiree an income, keeps the successor's costs manageable and keeps the dish going, once in each generation. This is what "let the business carry succession" means in dollars, and it is why the budget in the Plan's Part VII carries a modest first-loss reserve (money set aside to cover the first losses if a successor fails) instead of a multi-million-dollar acquisition fund.