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And there's software, such as Business Plan Pro, to help you along.
How to Write a Bakery Business Plan: Conduct a Market Study There's little doubt that bakeries are big.
Bakeries, pastry shops, and bagel sellers are growing at a rate of 5 percent, according to Anything Once these costs are known, then costs of ingredients and packaging can be determined from sales projections and current commodity costs, O'Donnell said.
To figure out if a bakery can provide you with a sweet payoff, however, you've got to have a plan. But don't forget staffing needs, transportation and distribution.
Start with an in-depth market study that profiles the target customer base, current sales in the market area for the product category, pricing and product features of competitors, plans for differentiation in the proposed products and expected sales, recommends Kirk O'Donnell, vice president/education at the American Institute of Baking. Determine the number of people needed for production, sales, and their projected salary and benefits.
Here are some ranges for the costs of opening various types of coffee businesses.
(Costs are based on proprietary research of independent coffee shops and are current as of January 2019.) If you already own a suitable building or have a complementary business such as a bakery, your costs might be much lower.
Online resources can assist in formulating your bakery business plan such as this sample on
The "Cupcakes Take the Cake" blog had an active discussion about a year ago featuring a video log of Cincinnati's Funky Brick Bakery efforts to launch its business.
Most importantly, he suggests viewing the plan as an evolving document, not something to be filed away once the business gets going. location, got mentions in both magazine before its grand opening in June.
"Go back to it and compare your estimates to your actuals," he says, "and you'll have a more realistic sense of how to move the company forward."Dig Deeper: How to Write a Great Business Plan How to Write a Bakery Business Plan: What's in a Name? When Adriano Lucas opened a New York City bakery called The Best Chocolate Cake in the World, the press, well, ate it up. Hoards of hungry choco-holics consumed 400 cakes during opening weekend alone.