Read this before you buy a Bakery and Start “Rolling in Dough”

Read this before you buy a Bakery and Start “Rolling in Dough”

When you consider how many different types of businesses there are, it can be mind boggling.  But the truth is, many businesses are run purely for profit and aren’t much fun for the owner.  For the would-be entrepreneur, it makes sense to discover what type of business will really get you out of bed in the morning. If you love to bake and enjoy serving the public, buying a baked goods business may be a great idea.

In a recent to the report, the global bakery market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 7.04% between 2014 and 2019. There is an increase in demand for gluten-free products as well as organic products.

Fifty percent of industry volume is from baked breads, mainly white, wheat and rye; 20 percent from rolls, buns, muffins, bagels and croissants; 11 percent from soft cakes; and the rest from pies, pastries, doughnuts and a variety of sweet goods.  Annual U.S. per capita consumption of bread is close to 60 pounds. 

Before you buy a bakery, and start “rolling in dough”, there are a few things you should know about what makes a baking business unique.

How to Buy a Bakery:

  • First, start by searching a local “businesses for sale directory” on the Internet
  • Be sure you are the kind of person who is ready to start moving before the sun comes up and you are comfortable with early morning hours
  • Know that you will need to calculate the amount of ingredients needed on a daily basis in order to keep up with demand and inventory
  • Decide whether you want to run a single location bakery, a franchise bakery or an industrial bakery
  • Be prepared to handle other business-specific tasks, such as bookkeeping, scheduling, web site maintenance and advertising/marketing
  • Decide on a specialty area, such as bagels, doughnuts, breads, cakes, pies, wedding cakes or pastry.  Some bakeries do everything well, but other are known for a specific product that brings customers back again and again
  • Figure out what type of equipment and ovens will be needed to run your bakery business

Once you determine all of these things, it will be much easier to buy a bakery or expand into several baking businesses.  Given the amount of time and dedication it takes to run a bakery, it is important that you be passionate about baking and you are up to the challenge ahead.  With all the right “ingredients”, it won’t be long before your baker business has you “rolling in dough”.

 

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