Payments

Business By ChristianCakeBaker Updated 12 Feb 2010 , 2:19pm by KHalstead

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ChristianCakeBaker Posted 11 Feb 2010 , 4:34pm
post #1 of 11

I have a pretty big wedding cake coming up, and i personally know the person who is buying the cake. But the $$ is kinda big number, so she will probably pay in payments. My question is, if the cake is $200... what would be a good payment plan to go with. I'm pretty sure I will need atleast $50 of it for all the supplies. Should I go with payments of $50.00, or only two payments of $100. This is my first wedding cake i've been paid for, so i kinda need some experienced cakers out there that can give me some good advice in the money aspect. Thanks!

10 replies
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leah_s Posted 11 Feb 2010 , 4:37pm
post #2 of 11

I do 25% down, non-refundable for any reason. Remainder due 21 days in advance.

Congratulations on getting your licensing and insurance in place so that you can sell cakes!

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Loucinda Posted 11 Feb 2010 , 4:37pm
post #3 of 11

Decide on how much your supplies are and require that as the NON refundable deposit. My contract is easy - pay me whatever as long as the balance is paid in full 30 days out from the event. (and I subtract their deposit from the total of course)

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cakesdivine Posted 11 Feb 2010 , 5:51pm
post #4 of 11

I do a 50% or $300 non-refundable deopsit (which ever is largest) with the balance due depending on how large the amount in either 1 or 2 more payments with the entire balance due at least 14 days prior to the event. If your cake is $399 or less you pay the entire amount at booking. Even if you are a friend or family - ESPECIALLY friends and family...they will take advantage of you way before a stranger will!

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KoryAK Posted 11 Feb 2010 , 5:59pm
post #5 of 11

Yeah, I would say she can pay you however she is comfortable doing (deposit up front of course) as long as it is in by the final date.

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cakesbycathy Posted 11 Feb 2010 , 9:45pm
post #6 of 11

Regarless of the total for the cake, I require 50% non-refundable deposit and the remaining balance due 30 days before the wedding.

If they want to make periodic installments before the 30 days, fine.

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Deb_ Posted 11 Feb 2010 , 10:24pm
post #7 of 11
Quote:
Originally Posted by cakesbycathy

Regarless of the total for the cake, I require 50% non-refundable deposit and the remaining balance due 30 days before the wedding.

If they want to make periodic installments before the 30 days, fine.




This is my policy as well.^^^^^^^^^^

OP even though this is for a friend be sure you draw up a contract with all of the details and have all parties initial and sign the important sections i.e. cake details, # of servings, flavors, date, time, venue, price, deposit amount and final due date....to name a few.

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11cupcakes Posted 11 Feb 2010 , 10:38pm
post #8 of 11

I would charge 50%

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thecookieladycc Posted 12 Feb 2010 , 1:55pm
post #9 of 11

I require half up front and the rest to be paid in full 2 weeks prior to delivery.

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cakesdivine Posted 12 Feb 2010 , 2:15pm
post #10 of 11
Quote:
Originally Posted by cakesdivine

I do a 50% or $300 non-refundable deopsit (which ever is largest) with the balance due depending on how large the amount in either 1 or 2 more payments with the entire balance due at least 14 days prior to the event. If your cake is $399 or less you pay the entire amount at booking. Even if you are a friend or family - ESPECIALLY friends and family...they will take advantage of you way before a stranger will!




Okay I must remember to spell check before submitting...

deopsit = deposit...LOL!

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KHalstead Posted 12 Feb 2010 , 2:19pm
post #11 of 11

I require 30% down non-refundable deposit to book the date.......the rest is due 3 weeks before event. they can make daily, weekly, monthly payments however they want or not at all.........just needs to be paid 3 weeks before IN FULL!

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