Bakery Business Rakes Huge Profits! (INSANE How Much It Makes) Pt. 1

Wondering how to start a bakery and be your own boss? If you love baking and have an entrepreneurial spirit, you’ve likely considered opening a bakery. But you probably have questions, too, like whether you have the skills you need or if a bakery is a profitable business.

In this interview with the owner of Wild Wheat Bakery, we’ll answer all of those questions and more! He’ll share his advice on how to start a bakery, including what equipment you need to start a bakery and how to set goals that lead to greater business success.

Wild Wheat’s owner started off in the corporate sector with a background in computer science before pivoting to become an entrepreneur. Wild Wheat Bakery is the latest of 4 business ventures he’s undertaken since becoming his own boss.

After buying the bakery in 2019, he quickly grew the business’ revenue to over $1 million. His life story is living proof that anyone can open a bakery business with the right knowledge.

One secret to the bakery’s success has been its diversity of income streams. Along with consumer sales of bread and baked goods, they run a restaurant and café and sell wholesale to other local businesses. This range of offerings is a big reason they’ve been able to maintain their success even through unforeseen hardships.

If you’ve learned something helpful from watching this interview, we’d love to hear about it! Like our video or drop a line in the comments, and don’t forget to subscribe to our channel so you’ll know when we post more beneficial business content.

Resources:

Timestamps:
0:00 Intro
1:54 Meeting PD
3:20 Business tour
4:37 Research on competitors
6:17 Using quality equipment
8:11 Acquiring new customers
9:56 Monthly expenses
11:50 How to manage people
12:52 Establishing connection with suppliers
13:56 Good and bad day on profits
15:27 Outro

#bakery #howtostartabakery #bakerybusinessplan

[kwkw]

Great video! I’m glad your channel gives different business types and prospectives. This prospective is great and needed for people interested in buying a business and managing it.

[anthonyallen]

I own a 20+ unit pizza chain. In 2022, one of our long-time employees, Gordon, explained that he was working on a sourdough and asked if I would support him in getting his bread to the local Farmer’s Market. He needed use of my dough plant/equipment (and importantly, our Board of Health permitting). I offered use of our dough plant and a little expertise and voila, Gordon’s in business. He’s been at it for over a year and makes good money. It’s a lot of work-don’t be fooled-but he bakes 80-100 loaves each Friday and sells out at two Farmers’ Markets in neighboring towns every week, for $8/loaf. That’s a great side hustle; it’s actually awesome.
Lessons 1: Gordon loves baking bread and he put in the time to study & hone his craft; Gordon’s sourdough is the best I’ve ever tasted.
Lesson 2: He offers variety, San Fran, German Rye, Whole Grain to keep his Customers hungry for his product.
and he’s got the stamina to do so (he’s 65 yrs old) to do so week after week. He loves what he does.
Lesson 3: He started small, almost no capital outlay (>$2, 000) and he’s immediately profitable. As our Baker above explained, the cost of sourdough raw ingredients is 15% of the retail price of his product. THAT leaves a lot of profit. BUT it’s a lot of his labor, it’s a 8-12 hour day of mixing, proofing, baking. Then he drives around, sets-up his tent and sells-out (typically in > 2 hrs).
THINK about what you love, what ‘you can bring to the table’ and think ‘outside the box’ on ways to produce and get it to your Customers efficiently.
Good luck!

[MM-ihrj]

So this guy looked for a good running business, bought it, and showing off how well its running in this video? So much talent, it’s really amazing!

[thewolfinsheepsclothing]

KEY WORDS !! FOUND A SUCCESSFUL RUNNING BAKERY !

[Mohammad_Reza_Afshar]

Thank you for each and every video of you bro

[yvonnedasberg]

Great interview and interviewer👍..Really respect the fact that the owner was willing to share his experience and tips about running a business which many won't .What a generous fellow! .Thank you and I hope he will find much success and happiness not only in business but also in life 😊

[ward-nn]

Thank you for this interview...it was very insightful, it inspired me to start my own bakery...i hope that i can one day be i can run a major bakery such as this one🍩🍪

[haziqhadifjunaidi]

very inspiring video, the quality and explanation is on point

[makimoussavi]

Super interesting! As a major fan of baked goods, I’m happy to know that providing delicious treats to the masses can be a major money maker. 💰 🍩

[AwokenEntertainment]

Lot of gems for business management and growth in this video 🏆

[KeithSchultzbread]

i wonder how to start bakery, thank you for video!

[Jiminsboost]

Thank you so much for this video and wow this was very helpful

[claurdz]

Thank you UpFlip for this interesting video, also thank you for asking him if starting with 50k was even possible?! lol. I loved the video, especially now that I'm looking forward to open a bakery this video was really motivating. Amazing interview!

[TheOldMayfieldPlace]

This was so interesting, but I don't think I have what it takes to own a bakery. I definitely have what it takes to shop at a bakery.

[TheGoaldMind]

Great interview. Very informative and interesting! Great job!😊

[gladnesslovely]

Thank you for sharing this video, salute to the owner of the bakery you inspired me "God bless your business", someday i can bake my own bread and sale it.😍😍😍

[joba]

I am watching from Japan！！I can learn a lot from your channel! I will be in Washington state in few years and do my business! I hope I can see you then!

[thewolfinsheepsclothing]

I've been to India a few times. I'm glad he eventually jumped out of the box of just corporate America!! Mom Dad I've Gone Mad!! I'm buying a Cafe Bakery! OK son!! You own a factory!! VERRRRY GOOOOD! VERY GOOD! 👳‍♂️Are you single !!lol

[orockesther-ktfq]

With the rise in the prices of products used. What do you do to manage the situation. Do you reduce the size of the product or the quality? And if so how do the clients react to it

[preetisandhu]

Such a good interview! Best bakery in town