The diverse offerings drive the business year-round, he says. "That was a big stroke of luck." The bakery-and-restaurant model – like Panera Bread and Dunkin Donuts – is the more profitable model for most owners, Sapienza says."I'm aware that Mrs.
Fields and Famous Amos started in the kitchen, but very few make the leap (to a successful business)," he says, adding that "cupcakes might be the exception to the rule."Whatever model you choose, don't forget to add the following to your recipe: two cups of passion, an extra serving of hard work and an ounce of luck.
Remember that costs vary significantly depending on the region, state, city or rural area in which you plan to operate.
If you want to add a brew bar to your coffee shop, add about $5,500 to $20,000 to your initial costs.
And there's software, such as Business Plan Pro, to help you along.
Bakery Coffee Shop Business Plan
Neither O'Donnell nor Sapienza is completely sold on the software, however."The software that I have seen for bakery management normally focuses on inventory management, scheduling and record-keeping," O'Donnell says.The key to a good name, according to Baby Cakes NYC owner Erin Mc Kenna, is one that strikes a good mix between "warmth and comfort.""The name needs to be short and immediately identifiable to the product, not trying to sound too girly or precious," she said. "It was before the trend."Dig Deeper: How to Choose the Best Name for Your Business How to Write a Bakery Business Plan: Let Them Eat (cup)Cake?For Van Deraa, picking out the name was the hardest part."I wanted the name to convey both coffee shop and bakery, to imply you're going to get both here," he says. I was just calling it 'Minneapolis coffee shop.'" Inspiration struck while he was having margaritas with friends. Of course, Van Deraa is referring to the cupcakery explosion.Dig Deeper: Industry Profile: Bakeries and Baked Goods How to Write a Bakery Business Plan: Software or Business Professional?No need to worry about your lack of business school credentials.But even good news has its limits, she said."I don't think cupcakes are the problem.The press swooning over them so much that people want to by nature reject them is the problem," Mc Kenna says.Most importantly, he suggests viewing the plan as an evolving document, not something to be filed away once the business gets going. location, got mentions in both magazine before its grand opening in June."Go back to it and compare your estimates to your actuals," he says, "and you'll have a more realistic sense of how to move the company forward."Dig Deeper: How to Write a Great Business Plan How to Write a Bakery Business Plan: What's in a Name? When Adriano Lucas opened a New York City bakery called The Best Chocolate Cake in the World, the press, well, ate it up. Hoards of hungry choco-holics consumed 400 cakes during opening weekend alone.Online resources can assist in formulating your bakery business plan such as this sample on The "Cupcakes Take the Cake" blog had an active discussion about a year ago featuring a video log of Cincinnati's Funky Brick Bakery efforts to launch its business.