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Based in 1998, Bakerzin describes itself as “certainly one of Singapore’s most well-loved artisan dessert cafes”.
The Enterprise Occasions reported right this moment (October 9) that it has closed all 5 of its shops islandwide, marking its exit in Singapore.
In accordance with BT, it has requested Gardens By The Bay to prematurely stop its outlet operations there though its lease was presupposed to run until mid-2021.
Bakerzin didn’t challenge any assertion on this closure on its Fb web page (its final put up was dated on 30 September) and its web site is now not operational.
Earlier this Monday (October 5), Bakerzin additionally issued discover of a creditor’s assembly for the aim of winding up.
Bakerzin Used To Rake In S$14M Annual Income
Bakerzin was based by award-winning pastry chef Daniel Tay, who at present owns cheesecake retailer Cat & The Fiddle, in addition to conventional bakes and muffins retailer Previous Seng Choong.
It was previously referred to as Baker’s Inn earlier than it was renamed to Bakerzin in 2004.
Picture Credit score: travelling-foodies.com
It began off as a patisserie-cafe that goals to fill a spot available in the market. Again then, good desserts had been solely served in accommodations so Tay needed to construct an F&B model that serves good, but reasonably priced, desserts.
In a earlier interview with Vulcan Put up, Tay shared that the enterprise did rather well and the corporate’s annual turnover was roughly S$13 million to S$14 million.
Nevertheless, rising leases started consuming into income and gross sales had been now not substantial sufficient to cowl leases.
He ended up promoting Bakerzin in 2007, however managed it till end-2013.
Featured Picture Credit score: Gardens By The Bay
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