Is this a good time to buy a bakery?
"Thomas Kerscevsky" > wrote in message
...
> I have an opportunity to buy a small neighborhood bakery from a baker
> who wants to retire. Baking has been a hobby of mine for 20+ years and
> in many respects this opportunity represents what could be the
> realization of a dream - or at least a fantasy.
>
> There are many positives:
> 1. great potential because of mismanagement.
> 2. equipment and space can support multiple bakers and a 4-5 fold
> increase in sales.
> 3. good, but not great parking.
> 4. on the route to and from downtown.
> 5. there's been a bakery on this site for 60 years.
> 6. I understand business (former finance professor, current
> consultant)
> 7. I can get more excited about baking than I can about software.
> 8. and a few others...
>
> But also a few negatives:
> 1. there's a big difference between baking a couple of loaves of 3
> different kinds of bread on a Saturday, and 50 loaves of 10 varieties
> every single day - PLUS dozens of donuts and the like.
> 2. what's a low carb bread???
> 3. is the current popularity of low carb diets a fad or a trend?
> 4. increasing the commercial side is critical and I really don't care
> for the sales process.
> 5. and a few others...
>
> Any comments from you bakers out there?
>
> Tom
>
Taking something you love doing and trying to do it for a living can be
tricky. If you're the one who is doing it, you may find that you tire of it,
and not only does it become "just a job" but you also lose the fun of doing
whatever it is in your free time.
On the other hand, you might find that you end up hiring people to do the
very thing that you find to be fun while you end up doing all the management
things and/or all the other assorted things that your employees can't or
won't or shouldn't do.
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