Do you know how to start cake business? This business is economical and practical, let’s start with a detailed cake manufacturing business plan.
1. Determine the Target Market
The target market is a very important part when developing a business plan. Research whether there is a large demand for cakes in the area along with labor costs, and unmet community needs for bakers.
2. Choose Suitable Product
At present, all kinds of cakes, birthday cakes, sponge cakes, layer cakes, cupcakes and so on are popular in the market. Choosing the right product will do more with less, combined with local market analysis and research, to understand the eating habits of local people.
3. Cost of Bakery & Factory
Many novice bakers start a bakery, and the cost mainly depends on the size and location of the bakery, and the amount of equipment only takes up the early stage. Many cake bakers report initial investments as low as $5,000-$10,000. When determining how much money you need, budget for the these items: The rent of the house, the price of equipment (mixers, ovens, etc.), renovation costs, counters, shelves, etc.
4. Professional cake equipment
Your cake looks great, that’s why people come to you in the first place. Having the right baking tools and equipment is essential. Mixing pots, ovens, baking sheets and more are some of the most useful baking equipment you will ever need.