Pastry Bites anticipates sales of about Php1,, in the first year, Php1,, in the second year, and Php2,, in the third year of the plan. Pastry Bites should break even by the third year of its operation as it steadily increases its sales. Profits for this time period are expected to be approximately Php, The company does not anticipate any cash flow problems. Attain sales of P1,, in the first year. Expand by the third year of business.
To develop a full menu by the end of our third year. Through baking we aim to connect with our community by creating great bread and pastry products at a competitive price to meet the demand of the middle- to higher-income local market area residents.
Providing the highest quality product with personal customer service. Competitive pricing. The neatness of the environment and the security of the location 4. Finding and hiring the most qualified and skillful employee 2. The partners will provide funding from their own savings, which will cover start-up expenses and provide a financial cushion for the first months of operation.
You can register for cake making classes or workshops with well known bakers around you. You can also learn through the internet or by reading books on how to make cupcakes but it is advisable that you register for practical training as this would help you learn and perfect your skills faster.
Learn how to decorate cupcakes The Centre point and beauty of cupcake making is in the decorations. The decorations are what make cupcakes look so yummy and attractive. To be successful in your cupcakes making business, you have to know how to decorate. You must also be creative and versatile with your decorations. You are most likely going to learn how to decorate when you register for cake baking classes but if you are not, then you should also register for decorating classes.
You should also surf the internet regularly to learn new trending and interesting designs. Develop your recipe Cupcakes have to look great and taste great to attract customers. But never the less, we have plans to launch out with a big bang.
We know with that, we will be able to create a positive impression and we have a proper handle when it comes to building on already gather momentum. Opportunities: The opportunities available to us are unlimited. Loads of people consume cupcakes on a daily basis and all what we are going to do to push our cupcakes to them is already perfected.
There are also loads of people who would want to learn how to bake cupcakes and they will readily find our government approved cupcake baking training classes highly ideal for them to fulfill that goal.
Threat: The threat that is likely going to confront us is the fact that we are competing with already established cupcake baking and retailing businesses in Fairhope — Alabama and also there are other entrepreneurs who are likely going to launch similar business within the location of our business. Of course, they will compete with us in winning over the available market. Another threat that we are likely going to face is unfavorable government policies and economic downturn.
No doubt, those in the cupcake industry are known to be extremely creative which is why they could come up with cupcakes in different designs, different variants, different themes, different flavors and of course different packaging just to appeal to their target market. Another trend is that some cupcake baking and retailing companies have gone beyond only selling their products in their stores to taking it out to people in parks, sport centers and public places through vans and mobile food trucks.
Our Target Market When it comes to retailing cupcakes, there is indeed a wide range of available customers. One thing is certain; there are no restrictions to the demographic and psychographics composition of the target market for cupcakes.
This goes to show that the target market for cupcake is wide and far reaching, you can create your own make niche yourself to serve a specific purpose. In view of that, we have conducted our market research and we have ideas of what our target market would be expecting from us. We will invent new flavours and recipes regularly to keep our product offering fun and interesting and to motivate our customers to return to our bakery.
Sales Strategy Our strategy focuses on building a customer base by providing good customer experience and with extensive advertising in the neighbourhood. Sales Forecast Please insert a Sales forecast graph here, indicating the projected sales for 12 months. Management Summary Laura Fields has extensive experience in baking and has been supplying a large customer base from her home for the last 4 years.
She will be assisted in Managing the bakery as a retail entity by her sister and partner, Samantha Taylor. Samantha has been the national buyer for the Wholesale Baking Company since , and recently joined her sister at Cupcakes from Heaven after investing in it. Personnel Plan Once the bakery becomes established and the cash flow is steady, we would like to hire an assistant baker.
Have you ever thought about starting your own cupcake business and turning your passion for baking cakes into a money making venture? Jessa May Rodriguez brings experience in the area of finance and administration. Good bread is a rare combination of nutrition, convenience, and luxury. Ensure that all our staff members wear our customized clothes, and all our official cars and distribution vans are customized and well branded. Sales Strategy Our strategy focuses on building a customer base by providing good customer experience and with extensive advertising in the neighbourhood.
We hired experts who have good understanding of the baking and confectionery industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Fairhope and other cities in Alabama where we intend retailing our cupcakes. Defines job positions for recruitment and managing interviewing process Carries out staff induction for new team members Responsible for training, evaluation and assessment of employees Oversees the smooth running of the daily business activities.
It is equally owned and managed by its two partners. Pastry Bites should break even by the third year of its operation as it steadily increases its sales. The company will also pursue wholesale contracts. Do you need a sample cupcake business plan template?
Profits for this time period are expected to be approximately Php, We believe that this is key to maintaining the local market share of this target market. Here are the payment options that will be available in every of our outlets; Payment by cash Payment via Point of Sale POS Machine Payment via online bank transfer online payment portal Payment via Mobile money In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches. Opportunities: The opportunities available to us are unlimited. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more. You should also surf the internet regularly to learn new trending and interesting designs.
Sales Strategy Our strategy focuses on building a customer base by providing good customer experience and with extensive advertising in the neighbourhood. Bread is a convenience type of food. Responsible for financial forecasting and risks analysis. This will establish a healthy, consistent revenue base to ensure stability of the business. Examples of such equipment you need include: Cupcake pans. We will used our Php1,, capital in acquiring one bakeshop and that included some goodwill money for the recipe and training.
Their biggest strength is that they also supply other baked goods such as tea time snacks. Competitive pricing. Another competitive advantage that we have is the vast experience of our management team, we have people on board who are highly experienced and understands how to grow business from the scratch to becoming a national phenomenon. Buy some of their cupcakes and have a taste. The price will be kept as lower as the known bakeshops.
Develop your recipe Cupcakes have to look great and taste great to attract customers.
Check out your competitors Of course, you are not the pioneer of cupcake making business. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start — up capital to 3 major sources. Hence we will not hesitate to adopt successful strategies from our competitors. We will invent new flavours and recipes regularly to keep our product offering fun and interesting and to motivate our customers to return to our bakery.
Sales Forecast Please insert a Sales forecast graph here, indicating the projected sales for 12 months. Though consumed mainly as breakfast and snack fare, bread is also taken at lunch, usually as burgers and even dinner time. Competitive pricing. Cupcake Shop Business Plan — SWOT Analysis Due to our drive for excellence when it comes to running a cupcake baking and retailing business, we were able to engage some of the finest business consultants in Fairhope — Alabama to look through our business concept and together we were able to critically examine the prospect of the business and to access ourselves to be sure we have what it takes to run a standard cupcake baking and retailing business that can compete favorably in the baking and confectionery industry. You can register for cake making classes or workshops with well known bakers around you. We believe that this is key to maintaining the local market share of this target market.