Sunday, August 19, 2007
Doughnuts are not that hard to make and their profit margin is astronomical - around 80% or so! Many tiny storefronts can gross over $150,000 each year. Seventy cent doughnuts only cost a few cents to make. One fellow featured on “Throwdown with Bobby Flay” on the Food Network sells his gourmet donuts for $3.00 each. Offer unique flavours with interesting fillings. Sell to coffee shops or offer to take office pool orders and have them delivered. Hire a part-time student during busy times to assist with deliveries and sales.
There are hundreds of success stories of candy makers that started out in a home kitchen and then grew into multi-million dollar operations. Every year North American consume over four billion pounds of candy, shelling out a collective $11 billion for their sugar fix. Use quality, gourmet ingredients and sell informally from home or at farmer’s markets and festivals. Sell non-perishable candy, i.e. caramels, and toffee by mail order or online.