High Cost Of F&B

Met up with a friend recently in Bangkok. He's recently shifted his restaurant business from Singapore to Thailand because the high costs of everything was pushing him towards a loss-making business.

Here is a very successful chef, who has been priced out of the Singapore market.

Here's a comparison of the costs he has saved by moving his business to Thailand from Singapore.

Singapore (SGD)

Monthly Rent: 22,000

Monthly Staff Salary: 1,500

Renovation: 100,000

Daily Profit: Breakeven

Bangkok (SGD)

Monthly Rent: 3,000

Monthly Staff Salary: 500

Renovation: 30,000

Daily Profit: 1,000

What a change in costs for him.

Sure there are pros and cons still, but this is quite a drastic especially in the rental side of things. And already being in business for 2 months, he's turning in a healthy daily profit whereas in Singapore he was barely breaking even.

And this is how hard it is to run a small F&B business in Singapore when rents are sky high.