Bakery business plan financials
Samantha has been the national buyer for the Wholesale Baking Company sinceand recently joined her sister at Pretty Little Cakes after investing in it. The Company was founded in by John Doe. She will be assisted in Managing the bakery as a retail entity by her sister and partner, Samantha Taylor.
Currently there is one other bakery in Somerset West that provides cupcakes: Serendipity Cupcakes — they also have daily freshly baked cupcakes, but they offer more traditional flavours. The key to writing a strong competitive analysis is that you do your research on the local competition.
Strategy and Implementation Summary Pretty Little Cakes will succeed by offering customers high quality cupcakes, with a quirky and fun approach.
Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period. Strategic Analysis with current research!
Conclusion of bakery business plan
This trend is expected to increase as demand for baked goods has increased with the decrease in the low-carb diet craze. Doe expects a strong rate of growth at the start of operations. Sales Forecast Please insert a Sales forecast graph here, indicating the projected sales for 12 months. Doe intends on using a number of marketing strategies that will allow the Bakery to easily reach people within the target market. However, baked goods are relatively inexpensive and people will continue to demand these goods. Currently, the economic market condition in the United States is in recession. The Bakery will also use an internet based strategy. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Bakery. The U. Below is an overview of the marketing strategies and objectives of the Bakery. This is for sales projections based on the operation of just one bakery outlet in Orlando, Florida. No doubt without sales — income, a business will definitely fold up and close shop. We believe that this is key to maintaining the local market share of this target market. Doe has more than 10 years of experience in the baking industry. The third section of the business plan will further describe the services offered by the Bakery.
Our target market consists of the following groups: The Parties Group This group orders in advance and will be targeted by word of mouth marketing and by advertising extensively. This trend is expected to increase as demand for baked goods has increased with the decrease in the low-carb diet craze.
We believe that this is key to maintaining the local market share of this target market.
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