What are the Capital Resources that I would need for a Pastry Shop?
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02-02-2013, 10:49 AM
Post: #1
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What are the Capital Resources that I would need for a Pastry Shop?
I am doing an economic project which i have to make up a business and my business is a pastry shop. (cookies, cake, cupcakes, cake pops, brownies) Thank you for your help!
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02-02-2013, 10:57 AM
Post: #2
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Rent
A commercial grade oven for baking Cost of materials that make up cookies, cakes, etc Cost of store displays/counters Utility bills Advertising budget Ads |
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02-02-2013, 10:57 AM
Post: #3
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Capital needed to start a restaurant (or bakery/pastry shop) depends on a variety of factors but ranges from $10k to $250k (or more).
Amount of capital you need depends on a lot of things. Below are a few things to consider when determining how much capital is needed: *Misc. startup costs – deposits for electricity, garbage, phones, internet, etc. *Insurance & licenses (EIN and business registration, Health Dept. Inspections, liability insurance, health insurance) *Space – rent or buy or build? Depending on where your bakery is, you’ll likely need between $1000 and $2500 per month to rent a space *Equipment – commercial kitchen equipment, furniture, decorations, point-of sale system, etc. If you rent a space that has had a restaurant, you may be able to save a lot of money on not having to renovate and on huge costs like kitchen equipment. *Employees – this depends on how many employees you’ll need. Assume about $11/hour per worker. *Marketing and advertising – manage costs using word of mouth and social media if you don’t have a large budget for marketing *Beginning inventory – finding and securing a reputable food vendor will help you manage costs here *Working capital – people in the restaurant industry commonly say you’re your costs will be 1/3 more than you think, and recommend that you have a year of working capital until your business (hopefully) takes off and becomes profitable. This includes rent, equipment, wages, food and supply costs, marketing, and other expenses for the entire year. |
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