|
How much would you make just selling it? Have you looked at other similar types of donuts and coffee operations? Have you ever managed staff? Have you ever done the accounting for a business? How will you manage cash flow? Do you actually want to work at a donuts and coffee shop? Would you make more money by hiring someone else to run the thing for you and keep making wages? Have you considered just franchising - you could consider becoming a Krispy Kreme. You might have 0 desire to become a Krispy Kreme franchise, but the you might learn a lot about how you have to run a business. Same thing, I'd at least look into becoming a Krispy Kreme and or Dunkin Donuts just to see what the business model, cash flows, etc.. look like.
|
#
¿
Sep 13, 2022 17:09
|
|
|
|
| # ¿ May 10, 2024 10:42 |
|
|
Rationale posted:They’re liquidating a school about an hour from me and I’m the lead bidder on a 12’ grease hood and a 40qt mixer as well as a bunch of racks and pans and small wares. If I win I’ll pay my homie to haul them down because I’ve been working 7x12 and I don’t have the time. Please at least commit to never stop posting about what is going on.
|
|
#
¿
Oct 12, 2022 16:42
|
|
|
Epitope posted:I know he's kinda egging it on, but the hostility seems weird and unnecessary. If the dude wants to play fast and loose, it's his chip stack to blow. What is shouting at him that he should play tighter going to help? It's a dead gay comedy forum, he asked for advice and responded to that advice with "what you studied for 6 years and do for a living is loving stupid - I'm a lone wolf, and I'll defeat the system" Then he just endlessly doubles down on like "why do I have to have an inspection in a load bearing wall that I want to cut holes on that could potentially collapse and kill someone - I'm adding MORE BRICKS". I don't think anyone is actually hostile to him though, I think we're just sort of mocking him for being like "well 90%+ of sole proprietorships fail in the first 5 years, but I'm smarter than all those guys, and all you guys advising me to do the things that would prepare me for potential issues, Honey Badger don't care". By all means, do very little planning, just start buying stuff because "it's a good deal vs retail" and start making a product you've never made and running a line of business (literally afaik no real entrepreneurial experience) you've no experience in. Just don't stop posting about it. The agreement is made. The covenant will be enforced.
|
|
#
¿
Oct 15, 2022 21:18
|
|
|
Rationale posted:I also don’t want to franchise I want well-paid workers in my community. Sorry, I want to revisit this -> I wasn't saying actually become a franchise. I was saying: reach out to Dunkin and Krispy Kreme about being a franchise and let them pitch you. They will give you a bunch of poo poo about the location and start-up costs. They will basically hand you a business plan. Granted in the next couple of pages you've revealed that you think business plans are a waste of time, but even so, I'd highly recommend at least reaching out to them and seeing what you can learn by having them pitch you.
|
|
#
¿
Oct 16, 2022 00:41
|
|
|
Tetramin posted:
Please confine these comments to my thread tia.
|
|
#
¿
Oct 17, 2022 20:08
|
|
|
Imma be honest I’m no longer convinced this is real. Which makes it less fun.
|
|
#
¿
Oct 18, 2022 06:45
|
|
|
Epitope posted:I think this is a much better idea. Maybe not for someone who has capital and a clear path, but for you trying to learn and build from a shoestring. If you fail, lower consequences. If things are working, you can build from there. I’ll be honest I was getting excited for the catastrophe we all saw coming. This is achievable and limits risk - so I for one oppose it.
|
|
#
¿
Oct 19, 2022 19:19
|
|
|
You said you were in a skilled trade right OP? Could you explain that process, how you became a journeyman that kind of thing?
|
|
#
¿
Oct 20, 2022 20:53
|
|
|
a.p. dent posted:great post, thank you for all the info! i was surprised to hear that the bakery made up 25% of the store's profits - do you think that's standard in big chain stores as well? it makes sense given the larger markup on baked goods Grocery store margins on a lot of items are really really low. Like 0-1% after you account for wastage, shrinkage, overhead and stuff. Grocery stores as an industry are facing suppliers that are largely consolidated and they are forced to carry, so they have little leverage to extract value. If the Kroger-Albertsons things goes through I would expect food prices to go up significantly and the new mega-chain to capture a lot of value, and push it's own brands a lot harder. I'd be pretty shocked if it is allowed, groups like PG&E have a massive stake in them not merging.
|
|
#
¿
Oct 25, 2022 15:42
|
|
|
interrodactyl posted:I assume you mean Proctor & Gamble because I don't think Pacific Gas & Electric really cares, they're too busy continually setting California on fire. Yes, my bad.
|
|
#
¿
Oct 25, 2022 17:06
|
|
|
OP something came up in the oregon thread and I'm wondering if you've considered the possibility of making your place a gentlemanne's cabaret donut & coffee shop to really drive in the traffic? It seems like you need more of a gimmick to really get people interested than just "guy who has never made coffee or donuts, has no business or entrepreneurial experience, and ignores virtually all the advice he asks for, please come buy my stuff" So like, have you considered slinging 'spresso in a speedo?
|
|
#
¿
Oct 28, 2022 17:03
|
|
|
Tetramin posted:Yeah mixed espresso drinks are “painfully slow” for a reason. I’m not even a coffee snob but I walk further to get coffee on weekends because the two shops closer to me make watery as poo poo americanos and mochas that just taste like chocolate and milk Think you need to get a separate grinder. Also which drinks do you want? My mom had a fully automated delonghi for a long time. My dad pulls better shots out of a very basic espresso machine.
|
|
#
¿
Oct 30, 2022 18:41
|
|
|
Rationale posted:I love my wife, you know? It doesn't seem like it from the way you are acting. You have a windfall that you seem hellbent on turning into a potential liability, and I haven't once seen you talk about the impact on her or what the potential upsides or downsides are for your personal life. The biggest thing that a lot posters are trying to get you to do, including me, is to get you to make a plan and do some actual analysis so that you are assessing whether it's worth putting more money into this thing. Something you can refer to as the venture has ups and downs. A lot of people start restaurants and then because of sunk-cost fallacy they lose more money than they ever thought they could and even become destitute or indebted, throwing good money after bad, believing just one more thing will make the business profitable. There's also the reality that you are almost certainly commingling your personal funds with business funds, which has the potential to make things like your house an attachable asset for any creditors you end up with down the line.
|
|
#
¿
Nov 1, 2022 23:59
|
|
|
CAT INTERCEPTOR posted:What the actual gently caress have I just read? The ground floor of what will become a forums legend?
|
|
#
¿
Nov 2, 2022 23:15
|
|
|
vs Dinosaurs posted:Rational thought fades into the abyss of this thread, but there are countless dingy spots all over San Francisco (to pick a major metro area) and rural Iowa (to pick something else) which have been making money for 10+ years. They largely serve a different demographic from your $4 fancy donut spot where you might consider eating inside, but they do it well. How do you know they're making money? Like, do you have access to their books, or have they just not gone bankrupt yet? There's a lot of room between "bankrupt" and "making money". There's even more room if you're hoping to get "economically profitable". *grammar fix pseudanonymous fucked around with this message at 03:56 on Nov 5, 2022 |
|
#
¿
Nov 5, 2022 03:01
|
|
|
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.
|
|
#
¿
Nov 6, 2022 21:28
|
|
|
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.
|
|
#
¿
Nov 7, 2022 18:02
|
|
|
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?
|
|
#
¿
Nov 7, 2022 21:30
|
|
|
GhostofJohnMuir posted: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? It’s more like op calling people nerds for even the idea of having a plan or projections or estimates and buying used equipment with no warranty below MSRP as some kind of victory over the doubters. He did make a batch of donuts and also fried some uh crescent rolls I think.
|
|
#
¿
Nov 8, 2022 07:23
|
|
|
BigBadSteve posted:
This actually seems like a really good idea. Start with a food truck and do experiments. Generate some buzz and go outside bars on busy nights take it to sports games.
|
|
#
¿
Nov 12, 2022 02:58
|
|
OP,
|
CarForumPoster posted:It makes a huge difference for helping people discover your business. Word of mouth is important but so is showing up when people search yelp or Google for donuts or coffee. Yeah I think the biggest obstacle to success for this venture is... getting a catchy name.
|
|
#
¿
Dec 5, 2022 22:13
|
|
|
Rationale posted:You ever hear the one about the guy who drops five bucks in the shitter so he throws in a 20 because he doesn’t wanna get in the shitter for five bucks We’re reading in real time your posts about throwing money in the shitter yes. Though at this point I’m convinced this is a troll.
|
|
#
¿
Dec 20, 2022 07:18
|
|
|
Giraffe posted:I would 100% eat a brioche donut filled with chocolate cream, that sounds very tasty. If you’re not making enough just sell more donuts spreadsheet nerd. Business is easy if you don’t overthink it.
|
|
#
¿
Dec 26, 2022 19:53
|
|
|
Rationale posted:I can be trolling and also getting into a coffee and doughnut situation I’m glad you understand that you’re getting into a coffee and doughnut situation, and not a coffee and doughnut profitable business. It seems like the thread has been valuable.
|
|
#
¿
Dec 31, 2022 19:06
|
|
|
Tempora Mutantur posted:
I thought they just grew too fast and had cash flow issues?
|
|
#
¿
Jan 9, 2023 03:46
|
|
|
Rationale posted:Real talk the paving question is a tough one because retention pond. I’m going to dump a bunch of gravel there to set a 20’ conex box and a dumpster for construction use. If gravel won’t fly and they make me dig a rain pond I’ll probably have to buy the lot across the alley. That’s smart you wouldn’t want to take on too much.
|
|
#
¿
Feb 2, 2023 18:41
|
|
|
Baddog posted:Grass is always greener/more interesting. It's also that the real margin on a donut isn't so insane, but most people don't understand cost accounting, and they say "oh the cost of a donut is a the dough" and don't do things like say oh each donut I sell has to help cover the cost of the lights and gas and insurance.
|
|
#
¿
Mar 31, 2023 06:10
|
|
|
Anime Store Adventure posted:You should make some donut holes first Shouldn’t he buy some second hand bamboo harvesting equipment first, then plant bamboo and learn how to make chopsticks?
|
|
#
¿
Apr 4, 2023 05:04
|
|
|
sleepy gary posted:If I was eating donut holes with chopsticks I'd just use one chopstick to stab at the donuts and shove them into my gaping maw. You want screenshots of posts?
|
|
#
¿
Apr 4, 2023 16:36
|
|
|
litany of gulps posted:Rude! Have you considered that you just don't have the moxie to seize the business opportunity that everyone else has overlooked, selling pastries? You’re talking to a business visionary on par with Tom P. Baxter.
|
|
#
¿
Apr 6, 2023 07:52
|
|
|
Rationale posted:Yeah I’ve got a bunch of coffee stuff too If we hadn’t just changed the thread title: Will I make donuts and coffee…a cry for help
|
|
#
¿
Apr 15, 2023 16:54
|
|
|
Rationale posted:What do I use instead You should probably spend a few grand on used computer equipment and set up a server in your donut shop and host images and content and charge for it, but people who buy donuts get to host for free.
|
|
#
¿
Apr 22, 2023 17:04
|
|
|
No, I will not make money off donuts and coffee
|
|
#
¿
May 4, 2023 17:51
|
|
|
Honestly actually making some donuts, even if they don't look good, is the biggest step forward shown in a while. You learn more from failures than successes anyway, and with donuts I'm assuming you want to fail a lot of different ways to figure out what you actually have to get right and where there is some wiggle room.
|
|
#
¿
May 8, 2023 19:22
|
|
|
Kevin DuBrow posted:Have you considered getting licensee rights to make it Garfield themed? GarfieldTREATS? Don’t cross the streams.
|
|
#
¿
May 28, 2023 07:06
|
|
|
Somehow translating that slap video into a donut shop marketing plan.
|
|
#
¿
Jun 1, 2023 15:28
|
|
|
Tnuctip posted:No that’s for suckers. He’s gonna buy the school bus and cut it in half. Pretty sure you mean wrestle it in half, nerd.
|
|
#
¿
Jun 4, 2023 00:11
|
|
|
|
| # ¿ May 10, 2024 10:42 |
|
|
Midjack posted:Designed for more than 16 passengers or heavier than 13 tons requires a CDL to operate so better save up for that too. As if he’s actually going to get anywhere near drivable. He’s just going to buy it and some other stuff then come up with some… well plan isn’t the word I guess shopping list.
|
|
#
¿
Jun 4, 2023 07:29
|
|