Update: How my Cake business idea is going... (pics)

by reneeisorym 42 Replies latest jw friends

  • reneeisorym
    reneeisorym
    Can you overnight me a cake?

    Imagine what it would look like when it got there....

    But wait -- The PMS version of Renee doesn't care what it looks like! LOL..

    Ok send me your address... I'll send brownies so you can taste test and they don't mess up as bad.

  • mrsjones5
    mrsjones5

    Looks yummy

    I wish you lived closer to me lol

  • rebel8
    rebel8

    That's great!

    We had a place like that here that would serve big slices of cakes and mugs of coffee. They had bands and open mic nights for poets. It was a very cool place to hang out, and always busy.

    I could think of 1001 recipes for cakes that would be good too.....

  • Tyrone van leyen
    Tyrone van leyen

    It's my birthday today. I want a free cake! I want a free cake! That'll be three cakes actually. One for me, one for open mind, and one coconut creme pie to smear in Ted Jaracz's face.

  • reneeisorym
    reneeisorym

    rebel8 : http://www.jehovahs-witness.com/6/139205/1.ashx (recipe sharing)

    Thanks for all of the posts. It means a lot to me.

  • skeeter1
    skeeter1

    Great for you.

    I have a business suggestion. Buy used restaurant equipment. Many restaurants go "out of business" within a year of starting, and there are alot of good, gently used equipment for you to buy at a fraction (like 1/10th) of the cost.

    Also, get an attorney or CPA to help you incorporate your business and discuss "pass through" taxation (if you are in the US). This may save you alot on taxes, so you can have your cake & eat it too. Do everything that is business related through your business bank accounts. Whatever you do, don't go mixing business funds with personal funds, and vice versa. Talk with your CPA or your attorney about this. Keeping strict books and using a corporate business entity will help protect your personal assets from being sued should someone get sick from eating your cake, slip & fall while in your store, get struck by your business van, etc.

    Talk with your insurance agent about your insurance needs. Places that prepare food are generally a little bit higher in business insurance. You may also want to post the "peanut warning" signs. Also, if you are going to deliver the cakes to the wedding, you may want to get extra insurance for your vehicle. Also, an "umbrella" policy is only a few hundred dollars more a year, and having $1,000,000 or more of extra coverage is usually worth it.

    Skeeter

    p.s. I love Italian almond cake...

  • Sassy
    Sassy

    I used to decorate cakes on the side.. I miss it... I stopped because of carpel tunnel.. for some odd reason the angles of cake decorating when using stiff icing was too much for me.. (where as I haven't really stopped doing anything else).. I only do cakes now for very special occasions and special people..

    Your cakes are beautiful

  • reneeisorym
    reneeisorym

    I have a LOT of practice left to do!

  • skeeter1
    skeeter1

    Also,

    As you look for a place to rent.....have your attorney work the lease. This will likely be your biggest expense, and you need to negotiate the lease like a pro. Watch for $price per square foot. Shop around for the best term. Watch for "CAM" (Common Area Maintenance) fees. They are in addition, and can be pricey. Remember, that the quoted square footage is usually negotiable. Watch for clauses that lock you into the lease for many years, regardless of whether or not you are in business. Watch for leases that remain "good" despite your business declaring bankruptcy. Watch for leases that require your personal guarantee. There are many more bad lease clauses that are designed for the landlord's benefit and your pitfall. So, get an attorney to help you understand what you are signing and to be aggressive with the negotiation. At $15 a square foot, a 500 square foot bakery is alot of money every month..... best to get it as low as possible.

    Skeeter

  • reneeisorym
    reneeisorym

    The going rate is $1 a square foot per month or $12 per square foot a year.

    Thanks for that info -- I'll definately look out for that kind of stuff. And it helps to know that its not normal for those things to be in there.

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