Improve Profit In Your Bakery
We believe that mastering your pricing is the #1 way to make your bakery profitable. Want to know how we were able to grow our business so quickly and successfully?
Well it started with understanding our pricing.
We use this tool to price all our items. We know that with this tool we have recouped our costs, accounted for our overhead, paid ourselves, and built in a profit to continuously grow our business.
Grow your business easier..
Not sure how you can integrate our pricing strategy into your business to make your bakery profitable? Let me tell you about the success of one of our students.
Tabitha is a Head Chef at a local nonprofit food organization. We have worked closely with her to help her implement our pricing strategy and tools into the pricing for her kitchen and café. “This system is so easy to implement into your business”- Tabitha Tabitha’s company was using the “multiply by 3” rule in their business and discovered that the kitchen was steadily losing money.
As Head Chef, it was Tabitha’s responsibility to re-evaluate pricing and turn a profit in the kitchen. At first, Tabitha was skeptical about our Price It Like A Pro Pricing Tool until she went through the training and got the opportunity to see a sample of our pricing tool in action. After implementing our pricing strategies and utilizing our pricing tools, Tabitha has transferred all the pricing in her kitchen.
Instead of just using the standard “multiplier of 3,” she has revamped the pricing to ensure there is a mark-up that includes a mark-up for costs and overhead, Q-factor, wages, and now there is a profit mark-up for the to kitchen grow. This is exactly what you will be able to do when you use our Price It Like A Pro Pricing Tool. You will be able to confidently price your products to recoup costs, pay yourself, and prepare your business for growth.
Grab your copy of our Price It Like A Pro Pricing Tool [LINK] to make your bakery profitable.
Do you still have some questions?
I’ve been getting a lot of amazing questions about Price It Like A Pro Pricing Tool over the last couple of days and thought you would have some too.
Most of my best students, ask a TON of questions… I love it. It means they’re committed, and commitment = success.
So here are the top (and most juiciest) questions I’ve been getting about the Price It Like A Pro Pricing Tool and how to make your bakery profitable:
What if a have a large baking business/bakery?? That’s great! Congratulations on your success. But just like Tabitha, even larger bakeshops can benefit from having a proven strategy for their pricing. Her company has been in business for 6 years and still did not have their pricing under control. If you don’t understand pricing, if you don’t understand your costs and expenses, if you don’t understand the value of profit mark-ups, then you are not priced to grow. There is room for improvement.
Do I still need this if I am doing this as a side gig? I mean I don’t make that many sales. Yes! If you are charging any kind of money in return for your products, then your side gig is a business. If it is a business, you need to manage your pricing just like a storefront bakery. You should be recouping all your costs. Absolutely, you should be paying yourself, and quite frankly, you should work to grow your business by including a profit mark-up.
Isn’t there software out there that will do the same thing? Yup! There is plenty of software out there to help you price your products. Some of them are super AMAZING and include breakdowns of the total amount of ingredients you have left on hand. Can you image logging into your computer and knowing you have 50 oz of All-purpose flour left which will be plenty for your next order? Unfortunately, the reality is that this AMAZING software is INCREDIBLY pricey, but if your budget allows for this type of software you should go for it.
But, not all pricing software is that expensive. Correct, not all pricing software is too expensive. Other pricing software require you to know all your expenses and enter all the information into the software before you can start using the tool. If you got that kind of time, then go for it.
Do I really need a pricing strategy? Can’t I just multiply by 3? When I got this question, I was a little perplexed. But, in case you missed how much we DESPISE this strategy, I will say it again. Yes, you can multiply by 3. 80% of the time this will be a safe bet, but then there is always that 20%. If you put time, money, and as much effort as you put in your business, then do you really want to leave the success of your business up to chance. If you like to gamble, then yes, you can use this strategy.
Why should I trust you? We made a profit in our first year of business. We made enough profit to pay back our initial investment and purchase large equipment to grow our business with our pricing strategy. Do you want to know why we were confident that we could do this…? Because we have two people in our business who understand accounting. My mom (our Pastry Chef) spent over 20 years in accounting. She spent over 20 years figuring out overhead, material costs, profit margins, and payroll expenses for other businesses. My sister has been in accounting for the last 6 years doing the same exact thing. My team knows and understands costs, expenses, income, revenue, and margins.
Are you ready to make your bakery profitable?
Click here to grab yours now.
I’ll send over your copy in less than 60 seconds so you can get started right now. That should be all the info your brain needs to decide if Price It Like A Pro Pricing Tool is right for you… (I’m pretty sure your heart already knows.)
This article first appeared on the Perfectly Pastry blog at https://www.perfectlypastry.com/make-your-bakery-profitable/.