Offer for Bakery
To start off, I know this is a cake network but I have a question leaning more towards a bakery. I do cakes a little but am no where as good as you guys.
Anyways, here it goes. I have an offer to get free rent for a year to start my bakery (mostly cookies, pies, quick breads, and artisan breads) which is great, but I am not sure about how the small business loans work. I am in no financial situation to fund this out of pocket so a loan would be my only choice. When you get a loan do you start paying it back right away or is there a grace period? Also, how much can I expect to spend on a commercial oven and supplies? Thanks so much!
Replies to This Discussion
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Permalink Reply by Tracy Lynn Buttermore on
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start by drawing up a business plan, in doing this you will estimate the cost of startup, I have done research, without having to buy an oven, i did however include walkin freezer and cooler, display case, tables shelving, mixer etc. even cash register, once you start writing you'll be amazed how much it takes, not to discourage you though... the profit on bake goods is a high markup, i was a bakery manager. anyway, the cost I estimated was around 40,000-50,000... but that also included the first 3 months rent. research your area or nearby area, for having a going out of business sale,.. best of luck to you :)
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Permalink Reply by Connie Taft on
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Wow! Sounds like a great opportunity Nicole.My name is Stephanie and i work for a company called PhotoFrost.We manufacture edible sheets and inks.Our products are Kosher and FDA approved. If you would like a sample of our product to possibly use in your business please let me know. We pride ourselves on quality,affordability and customer service. Feel free to email me at letsdecorate@photofrost.com
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