Bakery Business Plan Template
Written by Dave Lavinsky
Business Plan Outline
- Bakery Business Plan Home
- 1. Executive Summary
- 2. Company Overview
- 3. Industry Analysis
- 4. Customer Analysis
- 5. Competitive Analysis
- 6. Marketing Plan
- 7. Operations Plan
- 8. Management Team
- 9. Financial Plan
Bakery Business Plan
You’ve come to the right place to create a successful bakery business plan.
We have helped over 100,000 entrepreneurs and business owners create business plans and many have used them to start or grow their bakeries.
A bakery business plan is a plan to start and/or grow your bakery. Among other things, it outlines your business concept, identifies your target customers, presents your marketing strategy, and details your financial projections.
Bakery Business Plan Sample
The following information will provide a description of what to include in your own bakery business plan along with links to an example for each of the key elements below:
- Executive Summary – The Executive Summary section provides a high-level overview of your plan. It should include your bakery’s mission statement, as well as information on your business offerings, your target audience, and your business goals and objectives.
- Company Overview – The Company Overview section provides an in-depth look at your bakery, including information on your company’s history, legal structure, bakery location, and management team.
- Industry Analysis – Also called the Market Analysis, in this section, you will provide an overview of the industry in which your bakery will operate. Through market research, you will be able to discuss market trends affecting the industry, as well as your target market’s needs and buying habits.
- Customer Analysis – In this section of your bakery’s business plan, you will describe your target market and explain how you intend to reach them. You will also provide information on your customers’ needs and buying habits.
- Competitive Analysis – The Competitor Analysis will provide an overview of your competition (other bakeries or local businesses that offer high-quality baked goods), including their strengths and weaknesses. It will also discuss your competitive advantage or your business’s core strength that will help you stand out amongst your competition.
- Marketing Plan – In the Marketing Plan section, you will develop marketing strategies to reach your target audience, including your community events, and digital marketing campaigns. You will also discuss your pricing strategy and how you intend to position your bakery in the market.
- Operations Plan – In the Operations Plan, you will provide an overview of your bakery’s day-to-day operations, including your store layout, staff, and inventory management. It also includes information on your warehousing and distribution arrangements and a list of long-term milestones or business goals.
- Management Team – In this section of your bakery business plan, you will provide information on yourself as a talented baker, any other skilled bakers or business partners, and their experience and role in the company.
- Financial Plan – In this section of your bakery financial plan, you will include your financial statements: profit and loss statement, balance sheet, and cash flow statement. It also includes information on how much funding you require and the use of these funds.
Next Section: Executive Summary >
Free Bakery Business Plan PDF
You can download our free bakery business plan template PDF and use it to create a well-crafted business plan. You can learn more about how to write a bakery business plan using this bakery business plan template .
Bakery Business Plan FAQs
What are the main types of bakeries.
A bakery can be retail or wholesale. A retail bakery sells baked goods (i.e., freshly baked bread, specialty items, gluten-free and vegan baked goods, and other baked goods) directly to customers, while a wholesale bakery typically sells products to other local businesses, like restaurants, grocery stores, specialty shops, and cafes.
How Do You Get Funding for Your Bakery?
Bakeries are most commonly funded with personal savings and bank loans. Credit card financing and angel investors are also popular forms of funding for bakeries. Potential investors or lenders will often want to see a well-crafted business plan before considering providing funding.
Learn More : Seeking Funding from Angel Investors vs Venture Capitalists
- Sample Business Plans
- Food, Beverage & Restaurant
Bakery Business Plan
Ready to turn your love for baking baked goods into a successful business?
To ensure that your business endeavor happens to be a flourishing one, write a business plan specifically crafted for your unique bakery business.
From helping you finalize the bakery location to evaluating the financial position of your business- a detailed plan uncovers every detail essential to kickstart a successful bakery business.
Writing a business plan can get complicated. With this step-by-step guide, you will have all the information essential to write a bakery business plan . Also, download our free bakery business plan template and modify it to fit your needs.
Ready to dive in? Let’s get started.
Key Takeaways
- Conduct a detailed industry analysis of the bakery market to understand market trends, target market, and the growth scope of your business.
- Outline the business goals and devise a business strategy that is in line with your bakery’s branding image.
- Analyze the competitive landscape of your business and identify local businesses that will offer direct and indirect competition to your business.
- Make calculations, assumptions, and projections to form key reports such as income statement, balance sheet, Cash Flow statement, and Break-even analysis.
- Determine the operations of your bakery business by outlining the procedures, processes, and equipment required to kickstart the business.
- Determine the baked goods and services you will sell through your bakery business.
Why is a bakery business plan important?
A business plan helps achieve your business objectives by creating a roadmap that will guide your bakery business in a strategic direction. An actionable well-drafted plan offers an in-depth view of your business idea and are a few benefits you must know:
- A business plan instills clarity in your business idea. All the ideas that were messed up in your mind start getting a clear point of view once you start writing a plan.
- A business plan is your checklist to understand what different aspects of the business need- the resources, equipment, manpower, licenses, etc.
- It helps crystallize your business vision and what it aims to achieve in the bakery market.
- A business plan optimizes the bakery operations and brings down the operating expenses by ensuring the resourceful allocation of bakery resources.
- A plan evaluates the financial aspects and viability of your bakery idea before you actually invest money in the business.
And, of course, a well-crafted plan will get you essential funds to get started in the bakery market. Moving forward, let’s craft a spectacular plan for your bakery business.
How to Write a Bakery Business Plan: A Complete Guide
From writing an executive summary to creating your financial plan- let’s decode the key elements of writing a business plan.
1. Get a business plan template
Before you start writing a business plan, consider getting a sample template to simplify the entire plan writing process.
A lot of information goes into writing a comprehensive business plan. Addressing all the key components in brief details is a challenging task.
However, by using a template, you can add structure to your plan. Not only that, it will help you organize the information clearly in a cohesive manner. With appropriate prompts, you will know exactly what to write in each section.
We know you would start searching for a template. Well, the Upmetrics business planning template is perfectly relevant and suited for your bakery business. It’s intuitive, modern, and available for free download.
Need Assistance Writing a Bakery Business Plan?
Get Upmetrics’ business plan template, import data directly into the editor, and start editing using Upmetrics AI Assistant.
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2. Write an executive summary
The executive summary is a concise description of your entire bakery business plan. It highlights the key findings and entices the reader to delve further into your business plan. So make sure to keep it interesting.
A well-drafted executive summary includes an answer to every question, a potential investor might have.
For instance,
- What is the core objective of your bakery business?
- What are the pain points of your target customers and what solutions can you offer?
- What type of baked goods will you offer?
- What is your target market?
- What is your marketing strategy?
- What are the financial highlights of your bakery business?
As you start writing, remember that the executive summary should summarize the plan and not your business idea.
Lastly, fit your compelling summary description in 1-2 pages.
3. Conduct a competitive and market analysis
The market analysis section paints a clear picture of your ideal target market, bakery industry trends, and your competitors in the market. In a way, this section is your chance to validate the potential success of your bakery shop.
The market analysis section of your bakery plan must include:
Market share, growth potential, and industry trends
Identify your targeted available market (TAM) through thorough market research and determine your share in the bakery market. Analyze the emerging trends in the bakery market and assess your growth potential as a retail bakery.
Understanding of the target market
Who will be your potential customer at a bakery shop?
It gets much easier to succeed in the market when you have a clear understanding of who your target customers are.
In this section of customer analysis, you will create a buyer’s persona of your ideal customer by understanding their psychographic and demographic details.
Competitor analysis
This is an equally important part of the market study, where you evaluate the position and competitive landscape of your bakery shop.
Begin by identifying your top competitors and evaluate your strengths, weaknesses, opportunities, and threats against other bakeries. Establish your competitive edge and show the potential investors that your business stands a promising opportunity in the competitive market.
Want to Perform Competitive Analysis for your Business?
Discover your competition’s secrets effortlessly with our user-friendly and Free Competitor Analysis Generator!
4. Prepare a company overview
The company overview section of a bakery’s business plan is a brief description of your bakery business concept, its legal structure, location, and value proposition.
Be creative and write a compelling section that can propel the readers’ interest in your business idea.
Wondering what to include in your bakery’s company overview section? Let’s check:
- Type of bakery business: retail bakery, specialty bakery, cloud bakery, mobile bakery, etc.
- Business structure: Sole proprietorship, LLC, partnership LLC, corporation, etc.
- Mission statement
- Value proposition
- Quantifiable business goals and milestones
- History and background of the bakery, if applicable
- Partnership and ownership structure
- Name of owners/ partners
- Operating hours
- Service style
Drill down to details and make this section an engaging read.
5. Describe your products and services
After describing your bakery structure and mission statement in the previous section, you will now outline the product and service offerings of your bakery shop.
As a bakery business, you may sell a variety of delicious baked goods such as pastries, cakes, fresh bread, cookies, tarts, pies, donuts, sweet buns, etc. Add this to your product section and also non-baked goods such as savory snacks, coffee, etc, if it’s on your menu offering.
Specifically mention, if you will have products for special diets, i.e. gluten-free, keto-friendly, sugar-free, vegan baked goods, etc.
6. Bakery store design and layout
An effective bakery business plan must include a blueprint of your bakery shop’s layout and design to demonstrate the bakery’s concept practically to the readers.
Mention your bakery size and the space allocated for the back of the house and front of the house operations. Also, explain how the proposed layout will increase the efficiency of your business operations in great detail.
In this section, you will also talk about the decor and theme that will create a warm ambiance for your target audience. Keep in mind that the decor should reflect the branding image you want to create in your target market.
Offer an immersive experience to the readers while explaining this section.
7. Prepare a bakery marketing plan
The bakery marketing plan offers a detailed outlook of marketing strategies you will use to market and promote your bakery shop. Consider it as a roadmap that will guide you in building a brand of sustainable value in the market.
So how do you build a perfect marketing plan?
Begin by identifying the marketing channels and different types of digital marketing campaigns that will work best for your potential customers. Now, allocate the monthly budget to different marketing activities. Lastly, devise a marketing strategy for each channel with a clear plan of action.
Here are a few marketing strategies that are popularly used by successful bakery businesses:
- Social media platforms for brand development
- Email marketing for promotional offers
- Video content such as easy baking recipes, tips, tricks, etc
- Online workshops and live sessions
- Influencer marketing
- Tasting events and sampling
- Customer testimonials
Now detail all your plans in this section and show your investors that you have a solid way to establish your business’s popularity in its target market.
8. Outline your organizational structure
In this section of your bakery business plan, you introduce the management team and employees at your shop. Also, highlight the organizational structure and hierarchy of employees in the organization.
Begin by introducing the owners and their role in your organization. Highlight their experience in the bakery industry and the key skills that can benefit the business.
Introduce your talented baker and their role in recipe development and standardization. Show their experience in the baking field and prove their asset worthiness.
Draw a clear flowchart depicting the flow of authority and responsibility in your bakery business. It is your chance to show the investors that you have a team and knack to take this business on a successful path.
9. Create a logistics and operational plan
The operations plan of your bakery business plan is a strategic document highlighting the processes, procedures, and resources needed to efficiently run your bakery shop.
A well-planned operations plan is like a business manual that has answers to all the questions one might have while running a bakery shop.
Wondering what to add to your operations plan? Well try to include answers to the following questions to make it detailed and comprehensive:
- Physical facilities: What will be your bakery location to produce bakery goods? Will you serve customers from that location or a different shop? Are you planning to sell the bakery goods online?
- Suppliers: Where will you get the raw materials and supplies for producing bakery goods? Who will supply non-bakery items like scones, sandwiches, and savory snacks?
- Inventory: Where will you store the raw material and ingredients? What will be the shelf life of these ingredients? How will you manage the stock levels? What are the minimum thresholds for different items and how long it takes to stock them?
- Production: Who will bake the goods? How long is the process? Will everything be made fresh or in batches to be stored for a few days? Will there be recipe cost cards for each menu item? How will you meet an unexpected spike in demand?
- Bakery Equipment: What type of bakery equipment will you require? Will there be a POS system at your store? What other technologies will you use? How will you take online orders?
The amount of precision here will help you regulate your operating expenses once the bakery starts serving the customers. Proper planning is advisable at this stage.
10. Create a Financial Plan
And now comes the most exciting part for investors- a financial plan. The figures in financial statements are helpful in determining the viability of your business idea. So this section holds a considerable weightage in terms of whether you will get funding or not.
To ensure you create a comprehensive bakery financial plan , including financial projections for these key components:
- Cost of starting a bakery shop
- Sales forecast
- Revenue projection
- Operating expenses
- Pricing strategy
- Income statement/ Profit & Loss statement
- Break-even analysis
- Cash flow statement
- Balance sheet
- Business ratios
In this section, you will also evaluate your funding requirements and identify the funding sources for your business. i.e. bank loans, SBA-guaranteed loans, angel investors, and personal savings.
Having realistic financial projections at hand will help you realize your financial goals while evaluating the sustainability of your bakery business.
However, creating the projections for all these elements from scratch can get overwhelming. Additionally, you also need to work on visuals and graphs to add impact and clarity to your plan.
Well, there is an easy way. Create your plan with the Upmetrics Financial forecasting tool . This tool will generate key reports and visuals that can be easily downloaded and added to your plan.
We hope this sample plan will guide you in writing a perfect business plan. Now, let’s move forward and check the industry trends ruling the bakery world.
Bakery Industry Highlights 2023
Before you open a bakery, here are some latest highlights from the bakery industry, you may find helpful:
- Bakery market size: The US bakery market size was valued at $99.47 billion dollars in 2023. It is projected to grow at a CAGR of 2.08% between 2023-2028.
- Retail Bakeries: According to IBIS World , there are 8,780 independent retail bakery shops in the US.
- Bakery consumption: In 2022, Americans consumed 8.6 billion kilograms of cake and pastry goods, a sizable amount compared to other countries.
- Bakery trends: There is a growing trend of providing healthier alternatives, i.e. gluten-free baked goods in the bakery market. The organic and gluten-free baked goods market grew by 2.45% in 2022.
- Market Saturation: 55% of commercial bakery revenue in the US is generated by 3 major players- Grupo Bimbo, Flower Foods, and Campbell Soup.
- Specialty bakery market: The US Specialty bakery market share is expected to grow by 10.54 billion US dollars by 2026.
Download a sample Bakery business plan
Need help writing your own bakery business plan? Well, download our bakery business plan pdf and write your plan section-by-section with utmost precision.
Upmetrics templates are perfectly suited for entrepreneurs who need a little help to kickstart their business planning. Import the data into the editor and start planning.
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Whether you are writing a business plan to strategically grow your business or attract investors, Upmetrics’ invaluable resources like AI assistance, forecasting tools, and step-by-step guides will serve you perfectly.
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Frequently Asked Questions
What should be included in a bakery business plan.
An effective bakery business plan must include:
- Executive summary
- Business overview
- Industry and competitors analysis
- Bakery goods and services
- Bakery design and layout
- Operations plan
- Key management team
- Financial bakery plan
How long should my bakery business plan be?
A bakery business plan should be not more than 15-20 pages including graphs, visuals, and charts. You are likely to lose the interest of investors with a lengthy plan. However, keeping it extremely short is also not favorable, as it would not cover important details. So try using crisp content for your business plan.
Can a bakery business plan template help in setting clear business objectives and goals?
Absolutely yes. A template offers a variety of prompts that will help you to write each section clearly and cohesively. Moreover, you will get a variety of bakery-specific examples that shall help in clearly determining your goals and objectives.
Do I need to have financial projections in my bakery business plan?
Yes, financial projections are important to assess the viability and profitability of your business idea. If you are planning to seek investor funds, this section is of crucial importance. Investors will evaluate the financial section and determine whether to invest or not.
Can I use the same bakery business plan template for different locations?
Yes, you can. However, you need to alter the content of your business plan for different locations and target markets by making specific modifications.
About the Author
Vinay Kevadiya
Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more
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Bakery business plan template – 23+ word, excel, pdf format download.
The bakery plan is undoubtedly one of the booming industries that are present out there, so if you ever want to open one, you will need to come up with an effective business plan . To make an effective one, you can refer to our collection of bakery business plan templates that are designed to ensure that you achieve all of the goals and objectives that are set for your business. The best part about our bakery plan templates is that they are pre-made with professional content and can be opened in various formats like Word Format , Excel, or PDF. Whether you are opening a coffee shop or a bakeshop, you need to have a business model so that management runs smoothly. With our bakery business plan templates you can easily write the details of your business plans such as the introduction, SWOT analysis, marketing, budget, project costs, etc. We have different kinds of sample templates applicable to specific bakery businesses such as a startup cake shop or a home bakery.
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How to Write a Bakery Business Plan in 5 Steps
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