It’s Monday and we are out of bread. The bakeries in our town are closed on Monday. Not only that, on other days of the week, they are frequently out of bread!
Bread is the number one food eaten by humans on earth, just above rice, and it can be both nutritious and feel like a splurge, especially when it’s fresh. It can be made from wheat, corn, and a wide variety of grains.
Bread isn’t seasonal, for the most part. People need bread for sandwiches, toast, tacos, hummus, curry or just butter and jam. But in our town, you can only buy fresh western-style bread some days of the week, and only when they haven’t run out. The market is ripe for more competition!
Here is an opportunity for a baker who wants to start a new business near the end of a pandemic: a bakery in a town that doesn’t have enough fresh bread, nor enough diverse types of fresh bread. Maybe this is true in your town. Or a town you’ve always wanted to live in!
You don’t even need a retail store. You can make and bake the bread in commercial kitchens that rent space by the hour or day. You can sell at farmers markets and online, take orders and deliver within a certain radius. You can specialize at first and then branch out.
Bread’s ingredients are, in general, inexpensive. The work to make bread delicious is difficult. But the price for fresh bread is higher, making it a profitable opportunity for an intrepid entrepreneur. Bakers don’t generally make millions, but they do make a living wage doing what they love to do.
Not into bread? How about pies? There’s a new pie shop in our town, our first one, and it keeps running out of $30 pies! There’s the sign that it’s time for a competitor to show up….
Now may be the time to test out your new business idea! Join Cindy and me and our guest speakers for the Profitable Idea Business Coaching Program and test your business ideas!
All the best,