How to Write a Donut or Bagel Shop Business Plan
The donut (or doughnut) and or bagel shop industry has been growing quite nicely over the last several years, which has, in turn, increased the demand for bagel and doughnut shop business plans, business plan templates, and pro forma financial projections.
There are numerous reasons why the demand for doughnut and bagel shops is growing in the US. For example, our society as a whole embraces the go go go mentality, especially in the mornings. Donuts and bagels are quick and easy to eat for breakfast and even lunch for the busy mom or office worker. No matter the reason why doughnut and bagel shop businesses are booming, the inevitable need for a donut or bagel shop business plan almost always grows in tandem. From this, our doughnut and bagel shop business plan writer has come up with some tips and tricks for business owners to use when writing their own doughnut or bagel shop business plan, business plan template, or pro forma financial projections.
Executive Summary for a Donut or Bagel Shop Business Plan or Template.
In the executive summary section for a donut or bagel shop business plan, our business plan writer will almost always embrace a traditional introductory paragraph that will include the company name, address, legal structure, and main revenue driver, which will either be donuts or bagels. From this foundation, our writer then recommends exploring and describing the different types of bagels or doughnuts that will be provided and sold at the location. By highlighting the types of bagels or donuts sold in this segment, the business owner is able to show creativity and originality when describing their delectable delights.
In the company information section, our doughnut and bagel shop business plan writer likes to identify and discuss niche products or services that may be provided by the shop. To illustrate, some bagel shops have started delivering their products to offices and homes in the area. Other donut shops have partnered with delivery services such as Uber to accomplish this task. If delivery and or strategic partnerships are envisioned to be incorporated into the plan, then make sure to briefly touch on the strategies in this section.
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Popular Services Offered by a Donut or Bagel Shop Company.
Popular services or products provided by doughnut or bagel shops are obviously donuts or bagels. However, our business plan writer has found that this segment of the business plan does not only provide the business owner an opportunity to embrace their creative juices, but it also provides fertile ground for showing differentiated products or services. In reference to creative opportunities, our donut shop business plan writer often recommends business owners creatively describe their doughnuts and bagels using catchy terms such as “Boo berry” doughnuts or “everything but the kitchen sink” bagels. But using catchy terms in the business plan, business owners are not only describing and providing examples for the different bagels and donuts provided by the organization, but it also shows a creative marketing flair as well. As for differentiating products or services, this is an excellent area for business owners to expand upon different services provided but not offered by competitors, like delivery services, location baked products, or innovative loyalty programs.
Marketing Section for a Donut or Bagel Shop Business Plan or Business Plan Template
The marketing section for a donut or bagel shop business plan should include traditional marketing activities like a street sign out front of the organization, soliciting schools and local businesses, and encouraging word-of-mouth advertisement from loyal customers. However, our donut and bagel shop business plan writer has found that the most effective marketing tool available right now is the use of social media marketing. Daily social media marketing not only keeps your donuts and bagels in front of your customers continuously, but it also helps to inform your customers about product changes and daily or weekly specials. Because of the importance of social media advertising for a bagel or doughnut shop business plan, make sure to include the component and a well-written and structured plan (8/22).
The pro forma financial projections segment for a doughnut shop or bagel shop should collectively tell a story about how much money the company needs to start up operations, how the start-up costs will be budgeted, expected revenues on a monthly and yearly basis, and what the profits are anticipated to be from the hard work conducted.
In order to help readers fully digest all this information, pro forma financial projections should be structured in a specific manner. Our pro forma financial projection professional recommends that the segment start off with a financial projection highlighting and discussing the expected first-year revenues, net profit margins, and growth rates. From this foundation, a brief summation of financial assumptions used for the projection should be stated. Next, introduce the companies' assumed pro forma financial projections for the next 12 months and then finally provide the reader with annual projections.
Hopefully, these insightful tips and tricks for writing a business plan were helpful. As always, if you need help with a business plan or financial projections, just send us an email or give us a call.
Author: Paul Borosky, Doctoral Candidate, MBA., Author