Foodpreneur Daniel Ong to close last Dan’s Steaks outlet due to rising costs and debts
Former radio DJ Daniel Ong is closing his final Dan’s Steaks outlet in Singapore due to mounting debts and rising operational costs. The business struggled with high rent, staff salaries, and food expenses, leading to the decision to shutter the restaurant after six years.
Why it matters
This highlights the ongoing economic pressures faced by small business owners and the F&B industry in high-cost urban environments.
Former DJ Daniel Ong started Dan’s Steaks during the Covid-19 pandemic.
Listen Summarise Daniel Ong is closing the last Dan’s Steaks outlet due to rising food costs, staff salaries, rent, and accumulated debts from previous closures. The Serangoon Gardens outlet will close in a few months, with promotions including absorbing GST and special deals to attract customers. Ong, a former radio DJ and F&B entrepreneur, has past ventures like Twelve Cupcakes and faces financial challenges while also working as a wellness coach. AI generated
SINGAPORE – Former radio DJ-turned-food & beverage (F&B) entrepreneur Daniel Ong is set to close the last remaining outlet of his Dan’s Steaks restaurant chain after six years.
Escalating operating expenses, specifically rising food costs, staff salaries and rental rates, have made it impossible to continue, he wrote on Instagram.
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