If you are a lover of baked products and have a knack in creating appetizing pastries, turn your passion and skills into a money-making venture. Starting your own pastry shop entails finding a great location, extensive planning, meeting licensing requirements and marketing the goodies.
You do not need an educational background, but experience or skill in managing a business is a helpful asset. Research about a suitable location and existing competition in the area. Find a high-traffic site, such as a mall, in an area that does not have too many pastry shops.
Write a business plan as a guide for the business and as a prerequisite for accessing funding. Include an executive summary detailing what the business is about; the management and ownership; a market analysis; the marketing and sales strategy; and how you will utilize available financial resources.
Obtain licenses to operate the pastry shop, which include: Visit the Small Business Administration portal to find out state-specific requirements for applying for state licenses business, sales tax and food safety licenses. Note that before beginning operations you will need to pass an inspection from a health department official.
Visit the Internal Revenue Service website to apply for the federal tax employee identification number. Apply online and provide information such as the management and ownership structure of your business; number of employees; your name and address; and the name of the business and physical address.
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Obtain a small-business loan if you do not have sufficient personal financing. Visit lenders such as banks which offer Small Business Administration loans. Make an application by providing information such as structure of the business; how you will use the loan; your credit history; business experience; available collateral; and business license numbers.
Develop a pastry menu by taking into consideration factors such as what your competition is offering, needs of the target market and current trends in the pastries industry.
Think about a niche market such as customers with allergies or those who will buy high-end pastries. Price the pastries by considering ingredients, labor costs, business utilities and the intended profit margin.
Buy equipment and supplies for the shop. These include wax paper and packaging boxes, baking bowls, mixers, measuring devices, pastry displays and baking equipment such as commercial ovens.
Buy these from local restaurant or bakery equipment vendors or by attending an auction suitable for small startups like yours. Launch your pastry shop with a grand opening during which you offer free samples of your pastries to customers.
Hire at least two friendly servers to attend to customers.A Sample Home Bakery Business Plan Template Are you about starting a bakery Business from home (bread, dessert & cupcake)? If YES, here is a complete sample bakery business plan template & feasibility report you can use for FREE.
In , what started out as a hobby-induced business in Timog, Quezon City, expanded into a proudly filipino-owned and professionally run business. Red Ribbon has grown to over outlets all over the Philippines and over 33 stores in US with locations in California, Nevada, Washington, Hawaii, New York, New Jersey and Virginia.
Tim Hortons Inc. (known internationally as Tim Hortons Cafe and Bake Shop) is multinational fast food restaurant known for its coffee and donuts. It is also Canada's largest quick service restaurant chain; as of December 31, , it had a total of 4, restaurants in nine countries..
The company was founded in in Hamilton, Ontario, by Canadian hockey player Tim Horton (–) and. Jolly's Java and Bakery bakery business plan executive summary.
Jolly's Java and Bakery is a start-up coffee shop and bakery. From its store in Timog, Quezon City what started out as hobby-induced business in , turned out to be a proudly Filipino-owned and professionally-run business network. Red Ribbon has grown to over outlets all over the country and over 38 stores in the US with locations in California, Las.
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