Serious 82% of F&B closures never made a profit!

[Pinkieslut]

Of F&B closures in 2025, 82% of those registered for up to 5 years had never made a profit: MTI​

From Jan 1 to Oct 23, there were 3,357 new retail food establishments and 2,431 closures, going by data from Acra​

Paige Lim

[SINGAPORE] Of the retail food establishments that closed this year, more than four-fifths of the newer ones – that is, those that had been registered for up to five years – had never turned a profit.

From Jan 1 to Oct 23 this year, there were 3,357 new retail food establishments and 2,431 closures, said Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong on Wednesday (Nov 5).

Of those that closed, 63 per cent had been registered for five years or less. Of these, 82 per cent had never recorded a profit in their annual tax declarations.

DPM Gan shared the figures in two separate written parliamentary replies to Foo Cexiang, MP for Tanjong Pagar GRC.

Some 882 of the establishments that closed, or 36.3 per cent, had been registered for under three years. Another 650 or 26.7 per cent had been registered for three or more years, but fewer than five.

The data was from the Accounting and Corporate Regulatory Authority (Acra), which does not have records of businesses’ actual period of operations. The duration of registration refers to the difference in years between an entity’s registration date and cessation date.

Retail food establishments include restaurants, cafes, fast-food outlets, food courts, hawker centres, coffee shops and canteens, food and drinks kiosks mainly for takeaway and delivery, pubs, stalls selling cooked food and prepared drinks, and food caterers.

 

[Robert Half]

When people make a profit .. they will keep quiet

 

[laksaboy]

Pay so much protection money to the PAP mafia, how to make a profit?

Get used to seeing more:

1) Tuition centres.

2) Tiong franchise eateries and shops.

3) Massage shops.

They are the only viable businesses in these times. There are no coincidences.
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#1: HDB or mall REITs and MOE in cahoots.

#2: 150 Tanglin Road.

#3: Subjected to raids now and then to virtue signal to low IQ Sinkies how the PAP regime is 'morally upright' and 'battles vice'.

 

[Scrooball (clone)]

Times are hard. Better to find an employer to leech on. If you think about it, working in McDonald’s is probably better than making a loss as a boss of a F&B!

 

[Scrooball (clone)]

Knn work like a dog as the boss of say a F&B and then end up after rental, staff etc, u make a loss. lol

Actually loss still ok, but most likely u end up negative and still owe debts!

Then what’s wrong w working in McDonald’s instead ?

 

[True Believer]

Times are hard. Better to find an employer to leech on. If you think about it, working in McDonald’s is probably better than making a loss as a boss of a F&B!

Small businesses were viable when rent took up 15% of their earnings, but these days, the landlord is collecting up to 50% of the tenant's takings, which is unsustainable.

 

[True Believer]

Times are hard. Better to find an employer to leech on. If you think about it, working in McDonald’s is probably better than making a loss as a boss of a F&B!

Small business owners not only have to put up with astronomical rent, they have to handle uncommitted staff, high turnover and employees who fake injuries to make workman's compensation claims.

 

[Scrooball (clone)]

Need to get lobang to be a landlord. That’s the viable way. Let others work for you, not the other way around.

 

[True Believer]

Need to get lobang to be a landlord. That’s the viable way. Let others work for you, not the other way around.

Most of the landlords in SG inherited their properties from their parents and/or grandparents.

 

[bobby]

All I can say is why the 18% F&B close?

They can sell their business with goodwill.