How much does it take to start a chocolate business?
Question by Quyen D: How much does it take to start a chocolate business?
I’m doing a business plan about chocolate factory and I want to know how much does it take to start a chocolate business?
Best answer:
Answer by Brutus
Go to http://www.score.org/template_gallery.html and download the Excel template for estimating start up costs.
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First you must decide on how large a business you want.
Look at the competition and see what they are doing – you will not be competing against Hersey or Kraft.
You will need equipment and that is not cheap – you will need a retail location and you will need a marketing budget.
I know of a store that produced about $ 75,000 per year in revenues – (about $ 30,000 net income) but she worked 10 hours per day 7 days per week. She wanted to sell her business for about $ 150,000.
A plan is good -but you need to know what the market will do before you begin.