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Sundae posted:A coworker of mine here in SF literally flew to Portland to go to Voodoo Donuts, back in like 2016 or 2017. Presumably she did other stuff too, but that was the part she kept telling us about. Portland has an amazing food scene but when I tried Voodoo it felt a like a tourist trap. Adding cayenne pepper or Cap’n Crunch to donuts with no concern for taste only for novelty. Dunno if it’s gotten better as that was like 5 years ago but not a recommend.
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Nov 6, 2022 21:18
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GoGoGadgetChris posted:And you'll be pumped to see there's exactly one of your favorite flavor left so you slam that $4.50 button, wait for your donut to be brought out on a plate and take a quick selfie before chowing down (there are QR codes at each table which launch Instagram w/ front-facing camera active and auto-tag the business in the post) Wow I really hate this. Glad they’re failing
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Nov 6, 2022 21:27
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Hyrax Attack! posted:Portland has an amazing food scene but when I tried Voodoo it felt a like a tourist trap. Adding cayenne pepper or Cap’n Crunch to donuts with no concern for taste only for novelty. Dunno if it’s gotten better as that was like 5 years ago but not a recommend. It was a 24 hour donut place near bars where drunk people would go and be like hell yeah I want fruit loops on a maple bar that got trendy, and has leaned into their notoriety.
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Nov 6, 2022 21:28
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Hyrax Attack! posted:Portland has an amazing food scene but when I tried Voodoo it felt a like a tourist trap. Adding cayenne pepper or Cap’n Crunch to donuts with no concern for taste only for novelty. Dunno if it’s gotten better as that was like 5 years ago but not a recommend. That's what I was gonna say. I went there when I was in Portland for a conference and it seemed like the kind of place the locals would never go. Like, I'll just go somewhere with a regular Boston cream any day over that.
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Nov 6, 2022 21:29
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aunt jenkins posted:This would have been a good post a few years ago but Blue Star went bankrupt, closed many of their locations, and now does most of their business in grocery stores. Oh heh, I was going to be impressed it was still going because I remember going there in 2015 or so. My favorite donut place in denver is run by this couple that makes absolutely incredible donuts. Apparently the model is that some rich guy fronts the money to build a donut shop and lets the “owners” run it, who then have the option of buying it out, presumably when he’s remade his money? Opening up five new locations apparently. The owners of the place I go to aren’t thrilled. Residency Evil fucked around with this message at 21:32 on Nov 6, 2022 |
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Nov 6, 2022 21:30
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I like plain cake donuts
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Nov 6, 2022 21:45
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Blue Star is expanding again after its COVID crises? That owns. Last I heard they had just barely managed to tell their landlord (Portland's equivalent of a Rockefeller) to gently caress off & had dismissed a frivolous suit where they wanted Blue Star's covid relief $$$ You love to see the little guy win!
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Nov 6, 2022 21:54
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Just looked up one of our local 3 location chains and they are advertising national shipping on Goldbelly
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Nov 6, 2022 22:49
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Yeah that's an interesting problem too... OP might be the only luxury donut stop in town but they're competing against established brands on platforms like GB that can reach across the globe It's tough to "fail" since there's no rent and you can value your time at $0 but it'll be a lotta blood sweat and tears that turn Rationale Donuts into a household name
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Nov 6, 2022 23:01
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GoGoGadgetChris posted:It's tough to "fail" since there's no rent and you can value your time at $0 but it'll be a lotta blood sweat and tears that turn Rationale Donuts into a household name The building is valueless, and it would almost definitely be cheaper to demolish it and put up a new metal building. From what has been revealed so far it sounds like there is no way to put a legal commercial kitchen and storefront in that location for under $200k. So I'd say not having a pad site lease but also not making it into the black within the first 6 or so years absolutely counts as failing.
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Nov 6, 2022 23:56
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So I’m planning for the business to pay for itself in the first year and pay me in the second year and then the whole family after that.
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Nov 7, 2022 02:31
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in'
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Rationale posted:So I’m planning for the business to pay for itself in the first year and pay me in the second year and then the whole family after that. That's what the business plan says. code:
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Nov 7, 2022 02:39
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Rationale posted:So I’m planning for the business to pay for itself in the first year and pay me in the second year and then the whole family after that. Why doesn’t every business just do this instead of the owners going bankrupt?
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Nov 7, 2022 06:51
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Could the donut shop have an $8 per month subscription that gave you the ability to skip to the front of the line?
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Nov 7, 2022 08:23
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lobsterminator posted:Could the donut shop have an $8 per month subscription that gave you the ability to skip to the front of the line? Like some kind of verification thing, hmm, interesting
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Nov 7, 2022 11:17
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Rudager posted:Why doesn’t every business just do this instead of the owners going bankrupt? Bing bong so simple
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Nov 7, 2022 12:12
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Tried voodoo donuts at universal studios. Very not impressed. OP what about selling cider mill donuts and cider in the fall? Those are kick rear end, and the only people that don’t like them are communists. Or sell them all year long because they’re loving delicious.
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Nov 7, 2022 16:30
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lobsterminator posted:Could the donut shop have an $8 per month subscription that gave you the ability to skip to the front of the line? OP's av would be the perfect badge for this Verified Donut Liker
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Nov 7, 2022 16:44
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lobsterminator posted:Could the donut shop have an $8 per month subscription that gave you the ability to skip to the front of the line? Honestly I think some sort of subscription service would kick rear end for drawing customers in because if you’re getting a “free” coffee any time you pull up you’ll convince your friends to come along if you can
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Nov 7, 2022 17:09
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So you want to give away your highest margin product to your regular customers? That doesn't feel like a winning strategy.
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Nov 7, 2022 17:13
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Give away as in sell as a service. If they pay at the beginning of the month and they can save $10 by coming every day they’re not gonna come alone every time, are they?
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Nov 7, 2022 17:44
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Rationale posted:Give away as in sell as a service. If they pay at the beginning of the month and they can save $10 by coming every day they’re not gonna come alone every time, are they? Are you sure about that? If someone’s enough of a regular to pay a subscription, I imagine them swinging by on the way to work. Your vision of it is obviously different, which is why some sort of analysis might help figure out whether that’s correct or not.
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Nov 7, 2022 17:58
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Tetramin posted:Are you sure about that? If someone’s enough of a regular to pay a subscription, I imagine them swinging by on the way to work. No that would be naysaying. He’s not building a donut shop in horseville.
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Nov 7, 2022 18:02
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Rationale posted:So I’m planning for the business to pay for itself in the first year and pay me in the second year and then the whole family after that. Rationale posted:you’re getting a “free” coffee any time you pull up These two concepts are at odds with each other. I mean really the first one is the most ambitious and most unspecific business plan I've ever seen, but hey maybe you can sell a morning coffee subscription service well enough that people spend several hundred thousand dollars on donuts from you in your first year. And then a half million the next year.
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Nov 7, 2022 18:47
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200k/yr is about $550/day which is about the profit in forty dozen donuts.
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Nov 7, 2022 19:27
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Rationale posted:So I’m planning for the business to pay for itself in the first year and pay me in the second year and then the whole family after that. My bigpeeler business plan consisting of "win the lottery" is objectively better than yours, because it will only take me a day to fail and I can only lose $2.
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Nov 7, 2022 19:30
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Rationale posted:200k/yr is about $550/day which is about the profit in forty dozen donuts. Oh just casually selling 480 donuts a day on average within months of opening, easy….. That’s literally selling a donut, on average, every minute if you’re open for 8 hours a day. Sure plenty of people will buy multiple at once, but if it’s just you, just think for a second, how long does it take you to serve one customer? Now ask yourself how much spare time would you have to make the donuts if you had to serve say 300 customers a day to sell those 480 donuts? And they’re not just getting a donut, there’s coffee too. Now because you’ve realised there’s no time to make and serve customers at the same time at that rate you’ll need help so there goes a huge chunk of that 200k in paying staff.
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Nov 7, 2022 20:08
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Rationale posted:200k/yr is about $550/day which is about the profit in forty dozen donuts. Are you planning on charging $6 per donut?
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Nov 7, 2022 20:11
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brueggers used to do a bottomless mug club, it was idk $300 a year for unlimited coffee. pretty nice.
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Nov 7, 2022 20:35
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Give away the high profit margin item so people will come in and buy your loss leader product? Bro did the pages of your business plan stick together
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Nov 7, 2022 20:51
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Okay so coffee cards god drat I still gotta build the bitch out
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Nov 7, 2022 21:01
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GoGoGadgetChris posted:Give away the high profit margin item so people will come in and buy your loss leader product? Bro did the pages of your business plan stick together Right, but when you scale those losses up with volume, what do you get?
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Nov 7, 2022 21:30
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GoGoGadgetChris posted:Give away the high profit margin item so people will come in and buy your loss leader product? Bro did the pages of your business plan stick together OP doesn't need a business plan, I think he's made it clear that he's got everything figured out on the back of some envelopes and a couple napkins shoved into his jacket pocket
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Nov 7, 2022 21:42
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Literally haven’t written anything outside of this thread
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Nov 7, 2022 22:03
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In fact, you've been writing many large checks.
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Nov 7, 2022 22:05
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Rationale posted:Literally haven’t written anything outside of this thread Thats worse.
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Nov 7, 2022 22:12
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Powerful Katrinka posted:OP doesn't need a business plan, I think he's made it clear that he's got everything figured out on the back of some envelopes and a couple napkins shoved into his jacket pocket I was going to say this is far to generous but OP beat me to it.
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Nov 8, 2022 03:50
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knowing if you want to be a for-profit or non-profit is technically a step of a business plan
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Nov 8, 2022 05:23
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OP, you briefly mentioned counting cars passing the location. Have you done this yet? I saw that you got some traffic statistics, but it would probably be a good idea to actually do this to see the real traffic numbers. Maybe set up a video camera inside the location pointed at the road and recording during the time you expect to be your business hours. (So you can then watch on fast-forward and get the counting done more quickly.) Be sure to only count each car once. The traffic statistics will count one car going down the road four times during the day four as different trips down the road, but that's still only one potential customer for you. What times of the day are the busiest? What are the slowest? What types of cars are passing by the location (new cars that look to be owned by people with expendable income? old beaters whose drivers may not be able to afford coffee once a week?) This is what a friend of mine did before opening his cafe, and he said it was extremely helpful to get a better idea of what hours he needed to be open and the kind of customer traffic he could expect.
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Nov 8, 2022 05:46
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Rationale posted:So I’m planning for the business to pay for itself in the first year i jumped into the last page of this thread without reading the rest, i'm assuming the first 20 pages are op saying these kinds of things and everybody laughing?
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Nov 8, 2022 06:40
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