JJB expects to catch the interest of a regular loyal customer base with its broad variety of coffee and pastry products. The company plans to build a strong market position in the town, due to the partners' industry experience and mild competitive climate in the area. JJB aims to offer its products at a competitive price to meet the demand of the middle-to higher-income local market area residents and tourists.
Barriers to Entry Becoming a major commercial bakery takes a large amount of capital to purchase equipment, and you'd face stiff competition from the existing well-known brands.
Opening a small, retail bakery requires less equity and is easier to start. Smaller bakeries can establish themselves with specialty products, such as whole-grain breads, and develop a loyal following of local customers.
Threats to the Market As consumers become more health conscious, they will demand more gluten-free, low-carbohydrate, whole grain, organic and paleo diet products.
Buyers also substitute baked goods with nuts, yogurt and fruit bars. Government regulations will continue to weigh heavily on the industry. The Environmental Protection Agency and the Food and Drug Administration are constantly overseeing the operations of bakeries and issuing new regulations that increase the costs of production.
Outlook for the Future The market for baked goods is expected to grow around 1 percent per annum in the coming decade. Consumption is affected by changes in disposable income, consumer preferences and economic conditions.
Large commercial bakeries will continue to dominate the competition in the market, because the other firms are small and the market is highly fragmented. The major commercial bakeries, such as Grupo Bimbo, will continue to grow by acquiring other brands and regional bakeries.A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment.
Required Funds and Financial Plan. Bread Society, LTD. plans to invest investment capital totaling one hundred thousand dollars ($,) to fuel start-up and expansion activities, launch and ongoing marketing efforts and ongoing operations as identified in this plan.
EXECUTIVE SUMMARY The following report and recommendations relate to the proposal for the establishment of DAILY BREAD BAKERY. The proposed project is to be fully implemented with an investment of N, , made up of N, fixed capitals and N, working capital.
Bread Bakery Business Plan In Nigeria – Writing a Business Plan for a Bread Bakery. You would agree that the success of such business rest mainly on several factors which the owner of the bakery would carefully plan and implement from the beginning of setting up the bread bakery.
Bakery Business Plan in Nigeria (Feasibility Study On WYN Circle Confectioneries) INTRODUCTION This is an introductory background of the intended business, Wyn Circle. Plan For A Bread Bakery. Bread Bakery Business Plan Business Plan - Executive Encyclopedia of Business, 2nd ed.
Bread Bakery Business Plan Business Plan: Business Plans - Volume Bakery Business Plan In Nigeria PDF - Sample TemplateBread Bakery Business Plan In Nigeria PDF - Going by the high demand for bread, a bakery business has excellent chances of success.