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It is a similar case for the people at Low Tide - a dual-level bar and eatery concept that offers food and Tiki-style drinks on the upper floor, and food in a speakeasy bar on the lower floor.
"It's harder this time because not only are we on a prime site like a corner shophouse in Club Street with higher overheads, it is fully staffed with a team of eight that we hired before we opened," said its co-founder Mr Gray, who is British. They also have a staff of seven at Sago House to look after.
"We barely had the chance to get the word out and we are already expecting to see losses within our first month of operations," he said. "There are suppliers and staff who need to be paid, and if this goes on for three months, we will need to look at refunding the business."
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Hawkers and coffee shop operators have also been severely hit, and have experienced a 50 per cent to 70 per cent dip in sales, according to the Federation of Merchants' Associations, Singapore (FMAS).
Not all are able to pivot to deliveries. "Senior hawkers and wet market owners who are not tech savvy are suffering the most," said FMAS president Yeo Hiang Meng.
"We hope the government will send more digital ambassadors to help them, while our subsidiary, Heartland Enterprise Centre Singapore, is trying to assist them as much as it can."
https://tinyurI.com/f6hbuets
"It's harder this time because not only are we on a prime site like a corner shophouse in Club Street with higher overheads, it is fully staffed with a team of eight that we hired before we opened," said its co-founder Mr Gray, who is British. They also have a staff of seven at Sago House to look after.
"We barely had the chance to get the word out and we are already expecting to see losses within our first month of operations," he said. "There are suppliers and staff who need to be paid, and if this goes on for three months, we will need to look at refunding the business."
.............
Hawkers and coffee shop operators have also been severely hit, and have experienced a 50 per cent to 70 per cent dip in sales, according to the Federation of Merchants' Associations, Singapore (FMAS).
Not all are able to pivot to deliveries. "Senior hawkers and wet market owners who are not tech savvy are suffering the most," said FMAS president Yeo Hiang Meng.
"We hope the government will send more digital ambassadors to help them, while our subsidiary, Heartland Enterprise Centre Singapore, is trying to assist them as much as it can."
https://tinyurI.com/f6hbuets
