- 60%

Cake Business Plan

Introduction

The cake is one of the most consumed snacks in Nigeria. It is often the dessert choice at ceremonial occasions like Christmas, New Year and other festivals. Sometimes, a cake is presented as a gift. The demand for cake is high on weekends because many people do their wedding ceremonies then. During Valentine season, the rush for a cake can be overwhelming. Everyone wants to show his or her lover that they care through the cake. A birthday party without a cake is incomplete in any part of the world today.

You will definitely agree with me that baking cake is one of the most lucrative businesses in Nigeria today. Even when other commodities experience poor sales, the cake is still in high demand. When it is well designed with nice and attractive colours, cakes make your occasions very colourful.

One thing about cake business is that it is your creativity that can stand you out from your competitors. No doubt, people who are into cake making are very creative. And that is why you can come across cakes in different shapes, designs and flavour. If you are creative enough, you can design your cakes to represent any celebrated event or occasion.

Beyond every reasonable doubt, a cake business is indeed a profitable business because you can operate the business with your family members from your kitchen thereby cutting operational cost to the barest minimum. So also if you are able to secure a strategic high traffic location to open a shop, you can be rest assured to rake in good returns from your cake business.

Some of the factors that encourage and motivate aspiring entrepreneurs to venture into cake business is the point that you can start the business on a small scale from the comfort of your kitchen without making a purchase of heavy-duty equipment. All that you would have to spend money on would be cake baking ingredients and relevant supplies.

50,000.00 20,000.00

Download Complete Copy

Table of content

Page

Executive Summary3
Introduction5
Business Description 6
Products and Services11
Market Analysis12
Competitor Analysis16
Sales and Marketing Plan17
Management and Structure18
Financial Plan and Projections19

Executive Summary

Overview

Patilad Cakes is a start-up company located at Awada, Onitsha. We specialize in homemade cakes and desserts baked from scratch. We are open to discuss whatever ideas you might have for your dream cake.

Quality and presentation is our watchword, and we use the finest ingredients to ensure that our cakes and desserts taste and look great. Patilad expects to catch the interest of a regular loyal customer base with its broad variety of cakes and other related products.

The company plans to build a strong market position in the town due to the partners’ industry experience and mild competition in the area. Patilad Cakes aim to offer its products at a competitive price to meet the demand of the middle-to higher-income local market area residents.

The Company

Patilad Cakes will be established as a limited liability company owned by Temidayo Awofeso and Aliu Aminu. The company will be managed and overseen by Temidayo Awofeso, a first-class caterer of over twenty years whose expertise has been procured by top-notch companies like Hilton hotel, KFC, Mix and Bake but has now decided to work for himself.

The company intends to hire two full-time caterers and three part-time baristas to handle customer service and day to day operations.

Products and Services

Patilad Cakes will offer varieties of breath-taking cakes and unusual flavoured cakes ranging from our pound cake, rich fruit cake, light fruit cake, coconut cake, carrot cake, fudgy chocolate cake, red velvet cake, American sponge cake, vanilla cake, swiss roll and so many others, all from the freshest ingredients.

We cater for birthdays, engagements, weddings, anniversaries, christenings and any special event you may be celebrating. Our company will provide freshly baked cakes and products all times during business operations. We are committed to seeing your ideas blossom into outstanding cakes, and will work with your budget without compromising on the great quality we are known for.

We will make dessert, ice cream, cupcakes, puddings, pies, cookies and a range of other treats for events as well as personal consumption. We will also include a catering service to deliver large orders for big events such as birthdays and weddings which will provide significant convenience for consumers.

We will also offer cake decorating classes from Wilton, the leading food crafting company in the industry.

The Market

The cake industry in Awada, Onitsha has recently experienced rapid growth. Customers have become accustomed to the supply of unusual speciality cakes of a high standard, and Patilad Cakes will position itself to cater for this fastidious market.

The local customers are looking for a high-quality product in a relaxing atmosphere, where they can meet friends and refer a family to.

Patilad Cakes wants to establish a large regular customer base, and will, therefore, concentrate its business and marketing on local residents, which will be the dominant target market. This will establish a healthy, consistent revenue base to ensure the stability of the business.

In addition, customer traffic is expected to comprise approximately 35% of the revenues. High visibility and competitive products and service are critical to capture this segment of the market.

Competition

In the true sense of the word, so many other competitors are in the same town, a couple of other cake companies also exist in the neighbouring towns. Despite the similar business in the area, Patilad Cakes will contain a few beneficial strengths to make it more desirable than its competitors. The central location of our Patilad will be an additional value aspect of the company.

To rise above competitors, Patilad Cakes will offer numerous options to satisfy the common health and diet need of consumers. Whether it is required by allergies or simply a choice, a desire for gluten-free, organic, naturally sweetened, reduced-fat and vegan foods has recently grown. By offering cakes which meet these requests, more consumers will feel welcome to our shop because their needs will be recognized and satisfied.  Our competitive edge is also in our unique flavours of cakes and recipes. We will invent new flavours and recipes regularly to keep our product offering fun and interesting and to motivate our customers to return to our shop.

Finally, the convenient catering service and the comfortable lounge for customers to relax in as they indulge in their delicious delights will be a major advantage for Patilad Cakes.

User Reviews

0.0 out of 5
0
0
0
0
0
Write a review

There are no reviews yet.

Be the first to review “Cake Business Plan”

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

50,000.00 20,000.00

Download Complete Copy

Copyright © 2020 Ogadigit All Rights Reserved

Reset Password
Compare items
  • Total (0)
Compare
0