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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. How much money are you bringing in each month, and what estimates is that based from? How much does it cost to make a donut, including labor and waste? What are you going to pay your employees, and how many hours a month do you need from them? What are your non payroll wage expenses (employer paid FICA, health insurance, 401k, unemployment insurance etc)? What are your operating expenses? Business insurance, telecomm and utilities, property taxes, subscriptions to point of sale systems, repairs and maintenance on your equipment and building etc What are your startup costs? Think display cases, point of sale system hardware, kitchen stuff like bowls and knives and shelves, tables and chairs, etc What are you paying yourself for a salary? If you’re not paying yourself, why is this a good value for your time? Take all of these values and put them into a spreadsheet to see if the math works. These will be estimates, and you can tweak those estimates to see the conditions under which your business may fail or succeed. What happens if you get 20% less customers than you think? What if waste is 10% higher than expected? What if your buildout costs 50% more due to unforeseen expenses? A GIANT PARSNIP fucked around with this message at 17:56 on Oct 14, 2022 |
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Oct 14, 2022 13:03
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| # ¿ May 12, 2024 09:32 |
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Here’s more expenses for your business plan: The cost of packaging and boxes for your product Napkins/utensils/cups/bathroom supplies Sanitation and cleaning supplies Credit card fees Worker’s comp insurance Laundry (aprons/uniforms/towels/rags/rugs) and the cost to clean them Ads and coupons Business and Health department licenses and fees Outside signs and signage/menus etc inside Freezers and refrigerators for your kitchen, and possibly up front for some products Also here’s more stuff you have to do yourself, or pay someone else to do: Run weekly/biweekly payrolls, including hounding everyone go get their time in and remitting federal and state payroll taxes Remitting sales taxes and other business taxes (is your product taxable in your state?) Run the HR side of employees, including resolving employee conflict and paperwork issues like COBRA and benefit eligibility Paying your vendors Landscaping and possibly snow removal Pest control IT support Monthly and annual accounting Getting change and bringing money to the bank, and securely storing money on site
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Oct 14, 2022 14:25
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Rationale posted:I also don’t want to franchise I want well-paid workers in my community. Epitope posted:Benefits, haha I feel like this is where we are.
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Oct 16, 2022 03:26
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KYOON GRIFFEY JR posted:for real my man you should like go camp out in dunks during morning rush and see how they run poo poo This is a good suggestion. You can also see how long a transaction takes, get an idea for peak times, and get a sense for what sells the most. Hell if you really wanted to do your research you could pick up a part time job at a donut shop and quit after a week or two quote:also like when people suggest a business plan, it's because all of those overhead numbers are knowable and estimate-able rather than just saying idk 150 bones I think OP can get a decent estimate for basically everything that’s been listed out for a business plan by searching online and maybe talking to a few sales people.
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Oct 16, 2022 20:25
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If you want to treat people well you should consider the toll your failure will have on your family, who are presumably losing resources as you acquire whatever used equipment you stumble across, and your employees, who will likely be leaving stable employment just to have their bills stack up as their hours are slashed while you try to salvage this train wreck. If you can’t or won’t put an ounce of financial planning into this then you should either pay someone else to do it or you should partner with someone who will, otherwise you’re going to cause way more harm than your profit sharing plan could ever make up for.
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Oct 17, 2022 02:47
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Why even close? Coffee and donuts for commuters in the morning, cookies for kids in the afternoon, and shots and beers at night. You can sell any “waste” donuts for a discount to the bar flies at night too to eliminate your waste problem.
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Oct 18, 2022 14:52
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Is it bad that I can smell the chairs when I see that picture?
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Oct 18, 2022 15:56
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What you call “mismatched” I call “fun and quirky”
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Oct 18, 2022 17:44
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To be fair if it’s a troll it’s not even that elaborate - there’s 2 pictures of literal trash, a few paragraphs of donut shop fanfic, and a bunch of “nuh uh!” posts.
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Oct 19, 2022 16:51
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So are you gonna serve drinks at night too or are commuters gonna sit in those musty old titty bar chairs while they wait for their coffee?
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Oct 21, 2022 03:10
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The prepackaged donut mix is $0.10 a donut and you can sell them for $2 - that’s a 95% profit margin!
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Oct 21, 2022 12:45
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KYOON GRIFFEY JR posted:probably one of the important things to figure out in making a business plan is the difference between gross margin and net margin Uhhh I think the most important part is just to do a lot of business lol
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Oct 21, 2022 14:43
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make a mangosteen donut
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Oct 24, 2022 17:25
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I am used to a restaurant buildout taking 9-12 months for a brand new building and good funding and planning, I can’t imagine 10 months for an almost condemned building with an owner showing up every week with their newest surprise “acquisition” in the back of a uhaul.
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Oct 25, 2022 15:10
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Name your shop Meme-nuts and have each pastry themed around some dumb internet meme.
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Nov 3, 2022 18:26
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Rationale posted:You should try that thing you’re scared to try like making a business plan
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Nov 5, 2022 04:50
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| # ¿ May 12, 2024 09:32 |
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You should just buy all the equipment you see - you’ll either have a use for it once you’re up and running or you can just flip it. For price just try to get 10-20% off so you have a margin if you have to flip.
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Apr 5, 2023 18:29
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