I hope this is ok to ask..
I have a project in school where i have to make a business plan, I want to know if it's possible to start business related to cupcakes with a capital amounting 100,000 pesos- all in: the oven, mixer, ingredients, labor and all materials needed, also materials that will be used to make a mini stall??? I have in mind that I will be selling 5 flovors of cupcakes with a total of 100 "normal" size cupcakes and 200 mini cupcakes per day....
sorry for my english, I hope it is understandable and I'm looking forward to have a nice answer from you :) please do give knowledge in regards to this matter, Thank you and God bless!
That's around 5,000$ right?
I would say you can. It's enough money to buy what you need - location is a point you haven't brought up (rent?) - but very generally spoken...yes. It would be a very small business, one person show working 24/7 to set it up. Finding cheap and ingenious ways to spread the word fast, have customers to buy well priced and good quality cupcakes every single day to sell out (ideally). Then trying to safe up as much as possible of the profit to grow it into a money making business. But people have managed. Look at steve jobs starting up multi billion company apple from his garage!
a kind of hidden expense in launching a bakery is a lot of plumbing -- more than you would think -- you haven't mentioned hand washing sink -- dish washing area -- floor washing sink --
If the oven and equipment are all meant to be in this stall it practically cannot be done as K8 mentioned, but if the baking and production is done at an indoor facility or home and the sales are made from the stall it can work like a lemonade stand.
I don't think prices for plumbing aren't by far as high in the Philippines as in the US. Not even sure if - by law - they need 3 sinks.
Thank you for your opinions and ideas :)
It helped me a lot in deciding
God bless you all :)