Most bakery businesses come and go in my area.

[Stardom22]

For sure l am really wondering why most bakery businesses come and go here in my location. Like in a span of less than one year, there's like more than ten companies that had attempted and being able to run the business for less than six months and thereafter collapsed. What do you think?

 

[Kera]

Probably the standard of living in your area is so low that people hardie can afford to buy bread on a regular.

 

[Augusta]

The only thing here is lack of sales. It seems the people in the area are not interested in baked goods so they are not making money off the business

 

[eLdavis]

Maybe the people in your area do not patronize bakery that often? One major key for a business to succeed is the location of the business, it has to be in a place where you can access your target audience.

 

[kit_hung]

As you know, baking in our area is often a difficult business. Many people think that breaking into this industry is easy, but the reality is very different. The prices of flour, sugar, and oil are constantly increasing, and customers are demanding lower prices. This is hurting profit margins. Competition is fierce everywhere as new bakeries try to attract customers with their offerings. Many do not have a long-term plan or effective marketing strategy, and they do not understand the tastes and needs of local customers. Eventually, they quickly give up and close their doors. This is a tough business that requires patience and business acumen.

 

[Springtime]

Sounds like bakery business in your area is quite competitive. Here, we have a few bakeries which are quite popular and they have been around for many years.

 

[neku]

In some areas there is only one bakery business and it has flourished for several decades since there is no competition and the prices are reasonable.

 

[Fidelia]

I think the problem with those bakeries is that they are depending on the market in the environment to keep running. They could do better with a wider distribution network.