Could anyone send me a list of how much they charge for cakes? (sheets & round cakes) I'm just starting out making cakes for family & friends. Eventually I would like to start a side business. I'm having a hard time figuring out how much to charge. Any info would be great . Thanks!
How much does it cost *you* to make a cake? How much would you like to make an hour working on it? How much profit would you like to make?
These are questions you have to sit down and figure out yourself before you can come up with a price per serving.
go online to websites of other cakers in your area. That will be better than one of us trying to give you our version.
1 - Determine whether you can legally sell cakes.
2 - Determine your costs. This includes all ingredients, gas & wear & tear on vehicle to purchase ingredients, shipping & handling for any online ingredient purchases, gas/electricity to prepare and bake cake, filling and icing, water & electricity for clean-up, electricity to run refrigerator for storage of ingredients prior, made fillings/icings, and cake (if needed), wear & tear on appliances, pans, and utensils, your time doing everything from consultation and design to purchasing ingredients to making cake to every step of decorating process to clean-up. (which means you need to determine a dollar amount on how much your time is worth).
3 - Determine what profit you would like to make on top of cost-reimbursement, otherwise you are merely breaking even.
4 - Add up everything and that is your price.
Find the cost of the business license, first!
As I answered before in another thread and was accused of being "unhelpful", truly only you can determine your costs. Only you know what ingredients cost in your area, how much utilities cost, what the licensing and insurance costs are, etc. All those things vary from one locale to another.
I buy flour in 50 pound bags and get it for a good price. Are you going to be able to do that? I have wholesale accounts set up with my major suppliers. Are you going to be able to do that? My pricing is probably not going to be the same as yours, and therefore would lead you astray and therefore would be unhelpful to you.
..moving to Cake Decorating forum.
Here's a link to another thread where I give a nice long list of things usually not thought about when figuring costs:
I have alot to think about. Thanks for all your input.