More restaurants and eateries in Singapore will close down if dining-in restrictions are extended past the circuit breaker period, according to a recent survey by online restaurant reservation platform Chope.
The survey reported that 42 per cent of restaurants, or about two in five, said they would not be able to operate beyond two months at the current rate of cost and revenue, while 81 per cent said they cannot survive beyond six months.
Earlier this year, we covered on some of the retail and F&B closures in the first quarter of 2020, such as Ministry of Food, Breko Cafe, habitat by honestbee and Belimbing Superstar (sister company of The Coconut Club).
With the onset of the circuit breaker measure, this list of closures has unfortunately expanded as the industry continues to take a hit due to Covid-19.
A WhatsApp message that lists “restaurants [that are] closing down [in] June 2020” has recently gone viral, and we’ve taken the liberty to verify the above information for you.
- High Steaks
- Breko Cafe
- The Chophouse
- Hops & Berries
- Long Time Ago
- Meats N Malts
- Purple Turtle
- Chi Kinjo
- Lounge 7
- The Botanic Restaurant
- Miss Chinatown
- 7th Mile Seafood
- Isetan Japan Food Town @ Wisma Atria
- La Cantina in Venezia
- Ministry of Food
- Oromo Coffee
- Spice World Hotpot
- Tian Wei Seafood Zi Char Restaurant
- Kuishin Bo
- Jok Jok Mor Traditional Thai
- SG Pho House
- Coffee Break @ Singapore Science Park (outlets at Hong Lim and Amoy Street Food Centre still open)
- Five Bar
- Salt Grill & Sky Bar
- Peppercorn (lease has ended, they will be “taking a break” for a few months during this circuit breaker period)
- Hashida Sushi
- Maggie Joan’s Dining & Bar
- Jekyll and Hyde (it will close shop once its tenancy ends on June 14)
- Owl Bristol
- Jamie’s Italian Orchard (its VivoCity outlet has been closed due to conclusion of lease)
- Boufe Boutique Cafe
- Inspirit House
- Parallel (shop is closed, only home deliveries available)
(Do take note that these businesses are still listed as operational on their websites/social media pages, and may have yet to make any official announcements with regards to any closures.)
Expect More Closures
The statistics are grim, according to a Chope survey.
93 per cent of restaurants have seen a dip in revenue, 78 per cent are not prepared to last longer than six months if things do not get better, 80 per cent are reducing staff to cut costs and a third have asked full-time staff to take compulsory leave.
To add on, food and beverage contributes 0.8 per cent to Singapore’s gross domestic product.
The estimated 12,000 restaurants here employ 200,000 people, whose jobs are now in jeopardy because diners have vanished in the time of coronavirus.
With the potential closure of more restaurants, business owners do not only stand to lose (more) money, but the livelihoods of the F&B workers will also be affected.
Hopefully when the dining-in ban is lifted in Phase 2 of the circuit breaker reopening, things will also look up for the F&B industry.
Featured Image Credit: Coffee Break / Hokkaido-Asean / Openrice / Singapore Sign