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”.