Bakerzin Calls It Quits After 22 Years - Closes Down All S'pore Outlets

[yperic]

Founded in 1998, Bakerzin describes itself as “one of Singapore’s most well-loved artisan dessert cafes”.

The Business Times reported today (October 9) that it has closed all five of its outlets islandwide, marking its exit in Singapore.

According to BT, it has requested Gardens By The Bay to prematurely cease its outlet operations there although its lease was supposed to run till mid-2021.

Bakerzin did not issue any statement on this closure on its Facebook page (its last post was dated on 30 September) and its website is no longer operational.

Earlier this Monday (October 5), Bakerzin also issued notice of a creditor’s meeting for the purpose of winding up.

Bakerzin Used To Rake In S$14M Annual Revenue

Bakerzin was founded by award-winning pastry chef Daniel Tay, who currently owns cheesecake store Cat & The Fiddle, as well as traditional bakes and cakes store Old Seng Choong.

It was formerly known as Baker’s Inn before it was renamed to Bakerzin in 2004.

Image Credit: travelling-foodies.com

It started off as a patisserie-cafe that aims to fill a gap in the market. Back then, good desserts were only served in hotels so Tay wanted to build an F&B brand that serves good, yet affordable, desserts.

In a previous interview with Vulcan Post, Tay shared that the business did really well and the company’s annual turnover was approximately S$13 million to S$14 million.

However, increasing rentals began eating into profits and sales were no longer substantial enough to cover rentals.

He ended up selling Bakerzin in 2007, but managed it until end-2013.

Featured Image Credit: Gardens By The Bay

https://vulcanpost.com/717232/bakerzin-closes-all-singapore-outlets/

 

[Newtype_com]

Another 1 bites the dust!!!

REITS killing everything

Song bo!!!

 

[Poomer]

No need fear, DTF still full.

 

[SGRevolution]

That time went it's taiseng outlet always see no ppl one

Dun see ppl posting eating at Bazerzin in insta also, not hip enough compared to hipster cafés

 

[lazysundae]

nothing newsworthy businesses come and go

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[lampano]

wow sad....i like this

 

[Polar Bear King]

Deserve to close all outlets
nothing to feel sad about it

 

[yellowcream]

It will come back . Business starts faster than go.

 

[GBC]

We only need more cheaper, better and faster artisan dessert cafes..

 

[Midnight2u]

surprised they survived till nao. quite over priced if IRCC

 

[saycheese]

the founder already cashed out back in 2007
now just employee nia.. with several other new venture under his portfolio.
no need worry and feel sad

he's surviving much better than the common people on the streets

 

[fordsolo]

rip bakerzin

 

[kamipify]

Must be wrong report pap mp said rental not the problem

 

[kamhwee72]

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[kamhwee72]

Deserve to close all outlets
nothing to feel sad about it

Damn agree with you.

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[ParkJinYoung]

Old Seng Choong is doing very well

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[orbvius]

Employee nia. cool!

 

[buttbERry]

cant rmb the last time i patronize bakerzin

 

[bwaysaikryptonite]

greedy landlords

 

[WestGuy]

Old Seng Choong is doing very well

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Cat & the Fiddle too.

Same owner