Business plans
15 min read

Bagel Shop Business Plan Template & Guidebook

For aspiring entrepreneurs looking to open a new bagel shop, it can be difficult to know where to start and how to turn the idea of launching a business into reality. The #1 Bagel Shop Business Plan Template & Guidebook is an invaluable resource to those hoping to establish their own business, offering step-by-step instructions on how to create a business plan and guide them through the entire process from start to finish. This comprehensive resource provides entrepreneurs with all the information and advice they need to get their bagel shop up and running.

Nick
Written by:
Nick
Updated on:
January 22, 2024
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Table of Contents:

How to Write a Bagel Shop Business Plan in 7 Steps:

1. Describe the Purpose of Your Bagel Shop Business.

The first step to writing your business plan is to describe the purpose of your bagel shop business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a bagel shop business:

Our mission is to make the freshest, most delicious bagels in the city, and to provide our customers with an enjoyable and welcoming shopping experience. We strive to create a vibrant, inviting atmosphere for our customers, and to create a positive impact in the local community by sourcing organic ingredients and supporting local suppliers.

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2. Products & Services Offered by Your Bagel Shop Business.

The next step is to outline your products and services for your bagel shop business. 

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

  • What is my business?
  • What are the products and/or services that I offer?
  • Why am I offering these particular products and/or services?
  • How do I differentiate myself from competitors with similar offerings?
  • How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

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3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your bagel shop business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

A good marketing plan for your bagel shop business includes the following elements:

Target market

  • Who is your target market?
  • What do these customers have in common?
  • How many of them are there?
  • How can you best reach them with your message or product?

Customer base 

  • Who are your current customers? 
  • Where did they come from (i.e., referrals)?
  • How can their experience with your bagel shop business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

  • How does it work, what features does it have, and what are its benefits?
  • Can anyone use this product or service regardless of age or gender?
  • Can anyone visually see themselves using this product or service?
  • How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

  • Which companies are competing with yours today (and why)? 
  • Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
  • What specific advantages does each competitor offer over yours currently?

Marketing channels

  • Which marketing channel do you intend to leverage to attract new customers?
  • What is your estimated marketing budget needed?
  • What is the projected cost to acquire a new customer?
  • How many of your customers do you instead will return?

4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

  • The equipment and facilities needed
  • Who will be involved in the business (employees, contractors)
  • Financial requirements for each step
  • Milestones & KPIs
  • Location of your business
  • Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a bagel shop business?

To run a Bagel Shop business, you will need the following equipment, supplies, and/or permits:

  • Commercial oven to bake the bagels
  • Mixers to mix dough
  • Mixing bowls
  • Measuring spoons and cups
  • Bagel slicer and/or cutter
  • Scoops for bagel toppings
  • Trays for carrying bagels
  • Food Service Permit
  • Business License

5. Management & Organization of Your Bagel Shop Business.

The second part of your bagel shop business plan is to develop a management and organization section.

This section will cover all of the following:

  • How many employees you need in order to run your bagel shop business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
  • The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
  • How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!
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6. Bagel Shop Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a bagel shop business varies based on many different variables, but below are a few different types of startup costs for a bagel shop business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your bagel shop business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your bagel shop business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Here are some steps you can follow to devise a financial plan for your bagel shop business plan:

  1. Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
  2. Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
  3. Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
  4. Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
  5. Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
  6. Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.
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Frequently Asked Questions About Bagel Shop Business Plans:

Why do you need a business plan for a bagel shop business?

A business plan for a bagel shop business is important because it provides a roadmap for the owners to follow and helps them understand the goals and objectives of their venture. It can help them create a budget, secure financing, identify the target market for their products, plan for marketing and promotion, secure necessary permits and licenses, calculate start-up costs, and develop operational plans. It also outlines operational procedures, staff members' roles, and describes potential risks that could affect the success of the business. In short, a business plan is essential for any business as it serves as an integral part of the overall planning process.

Who should you ask for help with your bagel shop business plan?

It is a good idea to consult an experienced business consultant or a business advisor who can help walk you through the process of creating a business plan. They should be able to provide advice and guidance on market research, choosing the right location, financial projections, and developing a strategy to succeed. Additionally, they can help connect you with resources such as financing partners or potential investors.

Can you write a bagel shop business plan yourself?

Writing a business plan for a bagel shop can be a time consuming and detailed process, but it is necessary in order to create a successful business. The process involves researching the market, setting goals and objectives, estimating financial needs and creating marketing strategies. The following steps will help you create your own business plan for a bagel shop: 1. Research the Market: Before you open a bagel shop, research the local area to determine the demand for your product and the competition in the area. Look up census data and information on competitor's products and prices to get an idea of how successful your business could be. 2. Set Goals and Objectives: After researching the market, set goals and objectives for your business that are realistic and achievable. Consider what type of bagel shop you want to create (e.g., artisanal or traditional) as well as factors such as location, hours of operation, menu items, pricing structure, etc. 3. Estimate Financial Needs: Use your goals and objectives to estimate how much capital you will need to open your bagel shop including startup costs for equipment, inventory, employees, leasing space etc. Also include an estimation of ongoing operational costs such as utilities, wages and rent expenses that will need to be covered each month. 4. Create Marketing Strategies: Develop marketing strategies to help you acquire new customers as well as retain current ones including advertising options such as radio/television commercials or social media campaigns featuring deals or discounts on certain items or events held at the store (e.g., sampling days). Additionally look into ways that you can become involved in the local community through collaborations with other businesses or charities that align with your mission or values. These steps will help you develop a comprehensive business plan for your bagel shop that includes realistic goals and objectives which show potential investors that you are serious about running a successful business.

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Let the experts at Zenbusiness help you decide which permits and licenses you need to start your business.
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Nick

Founder and CEO

I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.