Depsoit Amount?

Business By StellaBaking Updated 12 Jun 2011 , 3:30pm by cakegirl1973

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StellaBaking Posted 9 Jun 2011 , 2:18am
post #1 of 9

Hello!
Just starting out at selling my cakes to real customers. Been doing this for family, friends, and friends of friends. I do get paid for most cakes, but usually take the money well after the event. What's the proper % for deposit at time of contract signing? Is 2 weeks before event date too far ahead for balance due?
Thanks for any info!

8 replies
 costumeczar  Cake Central Cake Decorator Profile
costumeczar Posted 9 Jun 2011 , 3:42am
post #2 of 9

I do $100 deposit and balance due 3 weeks before.

 LoveMeSomeCake615  Cake Central Cake Decorator Profile
LoveMeSomeCake615 Posted 9 Jun 2011 , 3:51am
post #3 of 9

We get 50% non-refundable deposit, and final payment due two weeks before the event date.

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Kitagrl Posted 9 Jun 2011 , 4:04am
post #4 of 9
Quote:
Originally Posted by costumeczar

I do $100 deposit and balance due 3 weeks before.




I do this too, but balance due 10 days before. For pickups I allow the balance to be paid in cash upon pickup. (I guess the first time I have a problem, I'll nix that, but so far its been okay, and I have more deliveries than pickups these days anyway.)

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angeliaaki Posted 9 Jun 2011 , 4:16am
post #5 of 9

50% non-refundable deposit. full payment one week before delivery/pick up. if they cancel after full payment is made, they dont get anything back.

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StellaBaking Posted 10 Jun 2011 , 4:36pm
post #6 of 9

Thanks for all your input.
Pretty much what I thought.
Hope everyone's businesses are thriving!
Best to all!

 cakesdivine  Cake Central Cake Decorator Profile
cakesdivine Posted 10 Jun 2011 , 8:49pm
post #7 of 9

I do 50% or $300 which ever is largest. Balance due 2 weeks prior to event. Non refundable!

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ajwonka Posted 12 Jun 2011 , 2:37pm
post #8 of 9
Quote:
Originally Posted by CakeMaster2009

We get 50% non-refundable deposit, and final payment due two weeks before the event date.




This is exactly what we do too

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cakegirl1973 Posted 12 Jun 2011 , 3:30pm
post #9 of 9

For weddings, I require a 25% non-refundable deposit with the balance due two weeks before the date. I do the same for large party cakes. For party cakes less than $150, a 50% non-refundable deposit is due at the time of the order, with the balance due at the time of pick-up or delivery, in cash.

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