If you've ever dreamed of opening a bakery, your chances of success may be high: baked goods and bakeries are among the fastest-growing industries for small businesses.1. Decide what type of bakery you want to open.There are bakeries that only sell baked goods, those that sell sandwiches, and others that include coffee to go. Think about what kinds of goods you want to offer.
2. Decide on what kind of space you want. There are several options, and your choice may depend on the amount of capital you're able to raise. Keep in mind that storefronts have the attractive factor of foot-traffic and a recognizable place in the business community. Working from home is more affordable, but you may have less work space and will need to bring your kitchen up to health department standards.
3. Research the competition in the area to find out if there's a demand for the type of baked goods you want to sell.
4. Make a list of equipment you need to start your business. You'll need scales, bowls, pan racks, ovens, mixers, butcher-block tables, display cases (if working from a commercial space), and refrigerators. Check with the local consumer health department, which is responsible for setting regulations. Make sure you have included all necessary items in your list.
5. Draw up a business plan. Looking at your business from every angle is essential to ensuring a smooth start to your bakery.
6. Review your business plan with an accountant. Be prepared for them to find additional expenses you've overlooked. An accountant can also advise you about how the costs of a startup can affect your tax returns.
7. Raise the necessary capital for opening a bakery. Ask your bank for a business loan or talk to private investors to raise the money.
8. Choose the location for your bakery. Make sure it's easily accessible, has plenty of foot traffic, and meets all safety requirements, which vary from state to state.
9. Register your business with your city and apply for a sales permit to sell baked goods. At the very least, you'll need a business license, tax identification number and liability insurance. Depending on your region, you may need a separate license for a wholesale or retail baking business. You'll also need to apply for a food-handling permit.
Cannon's Bakery Inc is a full-service custom cake bakery that has been creating delicious, creative confections for any occasion since 1985. Contact us today to learn more about our tasty treats!
Cannon's Bakery Inc
228 Astro Shopping Center
Newark, DE 19711
302-368-7900
http://cannonscakes.com/