Bakery
Business Plan
average $200,000 in annual revenue
We live in a world of cakes and desserts. After all, who would resist the urge to hop into a well-run bakery, all attractive and sending whiffs of aroma to passersby looking for something sweet to take home at the end of a long day, to give themselves a treat? And this is why the idea of a bakery business plan can come with guaranteed success.
If you are convinced, follow us and we will take you section by section, with ideas gathered from bakery business plan examples we came across, so you too can run a successful bakery.
Why Create A Bakery Business Plan?
Putting down your ideas on pen and paper is important so that you can have a roadmap to follow. You get to document all the ideas you come across in your research and will later be surprised how many times you went back to them for reference.
Putting down all your thoughts will help you come up with a rational evaluation of how far you can go at the moment, the measures you can (or cannot) take, the areas where you can (and cannot) grow, the supplies and equipment you are going to need, and in short, how you are going to turn this dream into a reality.
The bakery business plans you made will serve as an effective blueprint, taking you step after step so you know exactly what you have to do at each moment.
Writing A Business Plan For Bakery
If you are doing it for the first time, it can get pretty confusing with all the ideas and documents and things to make a note of. Yes, it can be overwhelming.
One of the first steps to creating a business plan for a bakery is to identify the business structure of your bakery. Is it a sole proprietorship or a general partnership? Or you may want to set up a limited liability corporation.
Checking out some bakery business plan examples will help you decide without finding the whole thing so overwhelming.
This way, you can also find your niche based on what you are passionate about in your bakery. Do you want to go keto-friendly or gluten-free?
Do you want to deal exclusively with cakes and frozen desserts, or would you also like to include some savories? Perhaps you would also like to take up orders with catering?
Determining this will help you come up with the right bakery business model and show you the direction in which you should take your bakery.
Vision, Mission, and Value Proposition For Your Bakery
Then comes the company description, one of the most important parts of putting down a business plan for bakery.
This is where you state your vision, mission and value proposition, all those little things that smaller bakeries often overlook, thus preventing their growth in the industry.
Make sure that you are honest and write down what you hope for your bakery and what customers should see when they come to your bakery. Perhaps the only tip that we can give you in this step of creating a bakery business plan is that honesty is the best policy.
Identifying the Goals Of Running Your Bakery
Then comes the chunk of writing a business plan for the bakery, and that is putting down your short and long-term business goals. Make sure that you measure and consider each of them objectively.
This way, you can come up with an effective timeline that will help you arrive at your goals and plans faster.
And then, most important, the market analysis. Studying the potential out there helps you quantify the scope of your bakery business plans and see how far you can go.
It is here that you get to determine your strengths and weaknesses, thus seeing what your opportunities and threats are. Only then can you come up with the roles and responsibilities of your business, creating an organizational chart that gives you a clear view of how big your business is going to be.
Doing all this will help you know the kind of shoppers that you should target and this will further help you come up with the right products and services.
But make sure that you study the different groups of shoppers you see.
Determine their age, the place they come from, things they do for leisure and for a living, level of education, kind of technology they use, behavior patterns, and beliefs.
Know that all of the above factors can play a great role in determining what they are going to (and not going to buy) from you, so you can make your choices likewise to come up with a perfect business plan for a bakery that is going to work in your favor.
Marketing and Promoting Your Bakery
In the end, don’t forget to spend a good amount of time on advertising and promotion, as this can get more curious people coming to discover what they can find in your new bakery.
Then, all that is left to do is find the right suppliers, facilities, and equipment you need to run your bakery.
The recent pandemic and the lockdown have brought a lot of changes in the economy, and the bakery business is no exception.
Don’t worry, if you have the right talent, can dream big, and have the skills to make it happen, all that is left to do is to write down your bakery business plan, so get a pen and paper ready since we are going to start planning, till all there is to do is execute the plans you put down before you wait for your new dream to come true.