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New bakery business

 
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abrac

posts: 8

Aug 27, 2007 5:41 PM ET    Quote
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I am in the research phase of starting up my own bakery cafe`.  My #1 problem what is the total start up going to be?  I have searched & cannot locate the answer? Please help!



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In the pursuit of....
RetiredMember

posts: 56

Aug 27, 2007 10:00 PM ET    Quote
Points: 0   Vote

I`ll need a lot more details to even give a ballpark number.

Answer the "Kipling six"... who, what, when, where, why and how.
Where is the location and what are the average rents for the space and location you will need?
What do you have for business assets and what will you need?
Who are you marketing to... and what will it take to reach them?
How will you operate this business? Are you qualified?

And a whole lot more.

It could be as little as 20-30 grand, or it could run well into the six figures... all depends on you and what you want to do.

You see why we need a little more info from you now?

Nick

 

abrac

posts: 8

Aug 27, 2007 10:43 PM ET    Quote
Points: 0   Vote
OMG! I have the answer to a few of those questions. I`ll put that info together with what i already have & post it soon. Your time & effort is very much appreciated.

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In the pursuit of....
RetiredMember

posts: 56

Aug 27, 2007 11:14 PM ET    Quote
Points: 0   Vote
There`s more...
For one very good reference for a bakery start-up: click this link.
 
Here`s one example of a NYC bakery....
 
Security deposit = $4,000
Construction= $28,250
Start-up Inventory= $3,000
Equipment= $35,000
Pots & Pans= $2,500
Permits= $255
Total Start-Up Costs= $73,005

Rent & Utilities= $2,800 a month
Staffing= $5,143 a month
Inventory= $3,000 a month
Insurance= $700 a month
Rough Monthly Expenses= $11,643 (without owners salary)
Start-up budget should have been at least $150,000.00.
 
Didyaknow: The Emyth Revisited by Micheal Gerber is a business book about someone who created a bakery. (It`s a story about a women who owns a pie company and talks about how to run a successful business. )
 
A quick search produced these links:
 
Nick
OldNikko2007-8-28 0:34:13
abrac

posts: 8

Aug 29, 2007 10:42 AM ET    Quote
Points: 0   Vote
Thank you Nikko.  I was not a surprised about all the requirements, but the costs, wow! I`ve been looking at the sites you listed. As well as trying to obtain as much info as I can to prepare me to move forward w/theis venture. It`s my dream.  Thanks for the detailed info. And all your time, assistance & effort.

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In the pursuit of....
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