Suppose you plan to create or take over a bakery. In that case, it is interesting to draw up a business plan for several reasons: analysis of the feasibility and profitability of the project, budget necessary for investments, solicitation of financing, calculation of projected income, etc. It is, therefore, a question of designing and anticipating the needs that you will face to understand them better and to avoid, as far as possible, unpleasant surprises. Here are some tips for establishing your business plan for a bakery.
The economic part of a bakery business plan
The business plan must first include the presentation of the future baker and his motivations for the project to create or take over the bakery. It is necessary to have the different experiences of the baker, the qualifications possessed, and the reasons for which he wishes to engage in the project. The business plan recipients appreciate several years' experience in this trade.
The choice of location must be particularly careful. In particular, it must be spacious enough to contain the point of sale, the production workshop, the storage area for raw materials, and a room dedicated to staff. If it is a creation, it is also necessary to mention the interior and exterior layout of the bakery, the essential work, the competition, and finally, the choice of location. Which represents a key point for the success or otherwise of the project. In the case of a takeover, the establishment already in place was either successful or failed; therefore, it is necessary to analyze the weak points and explain how to remedy them. This proves the maturity of the project and the investment (financial and human) planned by the future baker.
Financial investments are significant: for creation, it is important to equip oneself and purchase equipment; for recovery, it is necessary to redesign and buy the firm. It is also important to remember to include any planned employee recruitment; including a rough schedule may be beneficial and lend credibility to the project.
The forecast of a business plan for a bakery
Creating or taking over a bakery requires a provisional financial budget to be drafted because the funding requested is significant. For this budget to be as clear and complete as possible, it is almost essential to seek professional help. The project's profitability will notably go through a calculation of the production margin and the break-even point. This information represents the financial line to follow so that the development and evolution of the project go well. You should also not forget to report your income; this must, of course, not be excessive and conform to the rest of the budget.
Business plan: for the creation of a bakery
In the case of a bakery, the analysis of production costs must consider numerous factors. The initial investments must be budgeted as thoroughly as possible, including the work on the premises, the layout, the store itself, the equipment needed to make bread and pastries, the cash register, the external sign, etc. External charges (which must be included), predicted taxes and tariffs, and staff-related charges are all included in the forecast.
Business plan: for the takeover of a bakery
The establish a forecast in the context of recovery, it is necessary to consider the previous budgets, which represent a basis: the annual accounts represent a good source of information since they contain the forecast of the expenses and products used during the last exercise. For the funds, for example, the elements of the previous income statement are taken on an N-1 basis, the expenses appearing in the integrated income statement are analyzed, and the costs, which will still be present after the resumption of the income statement, are carried over to the forecast period—the activity.
Finally, all the new elements that did not appear in the old company must be incorporated: the investments planned for the forecast period (purchase of equipment, fittings, refittings, etc.), the contributions allocated to the company during the recovery, the turnover assumptions provided for in the business plan, but also the new expenses necessary for the project outside the historical costs already included in the investments (planned recruitment, new equipment, etc.)
There are, therefore, many points to be informed and the realization of a business plan is not easy; nevertheless, you can always consult a professional who will help you with its completion and who can advise you so that your project is the most solid and the most credible in the eyes of investors!
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