Micro Bakery Q&A: is a micro bakery small business profitable?
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- Опубликовано: 27 июн 2024
- Hey guys, this week it's time for a little catchup and q&a, answering some of your questions you kindly left for me.... is a micro bakery profitable? Do you ever feel tired/ burnt out from baking... find out here! Lily x
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00:00-05:00 - market catchup
05:00-07:19 - property hunt continues for a bakery
07:20-17:08 - q&a (costing products, inspection, burnout)
17:10-19:30 - is a micro bakery profitable?
You're an inspiration to all small business owners
thank you!
love and dedication in your explanations, thank you Lily for so much
It's my pleasure!
Wow the amount of dough at the beginning is insane! Love how you're doing well, been following you along with my own sourdough journey. I had to make another starter recently as I forgot to bring it to France and I've successfully made my first loaf 🙌
Thank you again for sharing and being transparent
Lily, so great to see you again! I doubt I will be able to start my own micro bakery but I have friends that love my bread. That is a beautiful thing and it's a great reason to bake - to meet needs. One never knows if they will get the opportunity to run a small business side hustle, though.
thank you Matt! Keep going with your loaves for your friends - a beautiful thing indeed!
I work in an artisan sourdough bakery and been following you since the start. Thanks for the videos you're doing a great job!
thank you so much ☺️
Hi Lily, Lucho here, from the RM crew!
A few things from what I've heard in your Q&A!.
1: Thanks for everything you share, maybe I saw the RM for the first time in your videos, I've been in the group for 2 months now and it changed my baking life for good. Same as you, as a self taught baker, if I had a doubt pre chat group, it was harder to get answers, in the last 2 months it really unlocked so much knowledge, I love it in there!.
2: in regards to inspection, maybe every council is different, but here in North Devon, if it is domestic premises, they'll have to tell you when they are coming, they don't just show up. I've been inspected 3 times already and always knew when.
3: About profitability, I'm similar to you, but I love alone with my partner, and we manage to pay rent an everything, although she works as well, and she's trying to grow her own business, but we've had some months that she work very little and the biggest amount of income came from my bakery. ND is way cheaper than London of course, but it is profitable, although it is hard work as you know!
4: I absolutely get you on burnouts! For me are big markets, I love them and I can get very good income from them, but dear me, they are hard work to prepare, mostly because of lack of room!.
Anyway, thanks for your work my baker friend! See you in the group!
hey Lucho, thanks so much for your comment!! Team RM2020 are just amazing and it's such a fantastic resource isn't it?! Such a comfort...
yes, I think you are right in terms of the inspection; they do have to call/ warn you before of their arrival and set a date, but always have to be "Ready".
Markets are always exhausting for me too... I have found it gets easier, but even so, I am completely whacked come 2pm so it's important to keep the day free for rest.
Take care Lucho and speak soon!!
Thanks
thank you so much Louise!
do you keep a watch on bakery owners in south london? those with limited time left should be amenable to a deal.
Thank you Lily...can you tell me where you get your banettons?
my pleasure! brotformen.de x
You are such an inspiration. What is that oven that's in the middle? Is that a conventional oven?
thank you! it's a convection fan industrial oven :)
Hello, where did you get the proofing baskets at? I have not seen those before. Just a home baker but would like to not use these cloth ones I have anymore.
Keep it up
hey Mike, brotformen.de!
@@LilysLoaf Thanks for this. Also, nice oven. We have nothing like this available in Canada unfortunately.
🔥🔥
Thank you for being transparent with your finances. Very helpful info. May I ask how much you invested in the beginning when you first started? Will you be taking a bank loan for this space you’re looking for? Thanks again 😊
hey Katy! my pleasure - I made a video a long while back on my initial startup costs here: ruclips.net/video/NGh2MSw-ihw/видео.html which were at roughly 6k for my rm2020 oven, island unit, baskets, 1st fridge, mixer, flour barrels, cooling rack, ingredients etc. Since then I've sold equipment and have been re-investing more money into the business made through deliveries, farmer's markets, wholesale work etc. for my convection oven, a second fridge and any further costs. Hope this helps!
oh and I am hesitant to take out a bank loan... I intend to crowdfund for initial start up costs as soon as I've found the right space :)
Thank you Lily! This is great info :)
grande donna
I suggest removing the background music or turning it down as it is quite distracting with your soft voice! Nice video though
oh no, will work on that for next time!
Thank you for answering my question Lily 🤎 you are such an inspiration to me with just starting my own in home bakery! Cheers from the US 🥰 you’re doing an amazing job and I’m eager to see where Lily’s Loaf goes!
my pleasure Rachel, thank you for sending it in!! All the very best to you and your micro bakery journey! x