Business
F&B and Retail Businesses Are Closing Down: How Can Owners Stay Afloat and How Can We Help
By Seedly  •  June 12, 2020
Ever since the start of the Circuit Breaker in April, dining at F&B outlets have been banned, reducing operations of these outlets to only delivery and take-away options.
newton centre hawker centre
Source: Venuerific
Who else misses this? This sudden and drastic change has severely impacted the livelihoods of F&B owners, with many struggling to keep their businesses afloat. According to a Lianhe Zaobao report, 529 F&B establishments have shut their doors between February to April 2020. A survey by Chope has also revealed that 93% of restaurants have seen a dip in revenue, with 78% having difficulties lasting more than six months, if the situation does not get better. Since then, Whatsapp messages have been popping up and informing us of the closure of our favourite restaurants.
barney stinson no
Source: Tenor
Here are some of the restaurants who have announced their departure:...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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