The bakery industry is an $11 billion1 industry designed for growth. It is heating up the culinary industry due to a demand for high-quality, moderately priced items — surging ahead and outperforming the overall food service sector, driven largely by changing consumer preferences and a willingness to splurge on decadent treats, especially when product quality and flavor are top-notch, uniquely appealing and, of course, delicious.
This is your chance to become a part of an emerging brand, with a cake boutique franchise that fuses cultural inspirations to drive industry growth and excite innovative tastes. Silk Cakes shops are opening doors to customers bored by the ordinary who want to be satisfied by flavors that are uniquely different. Bring your professional skills, personal drive and positive energy to a satisfying business you can be proud of.
1 Source: https://www.ibisworld.com/industry-trends/specialized-market-research-reports/consumer-goods-services/food-service-drinking-places/bakery-cafes.html
How much will the Silk Cakes program investment cost me?
The total initial investment necessary to begin operations ranges from $492,000 to $650,000.
This includes a $25,000 initial franchise fee.
As with any new venture, it’s important to have adequate capital to fund the initial business growth stages.
Are there ongoing fees to pay?
We charge a royalty fee equal to 5% of weekly gross sales, and we may also charge a fee of up to $500 per month. These fees allow us to fund our ongoing support services and the continued development of recipes, product and supply channels, marketing tools, training programs, and systems upgrades.
Are there any advertising fees?
The initial marketing campaign requires you to spend the following amounts:
(i) Thirty Thousand Dollars ($30,000.00) for public relations and promotional activities and (ii) One Thousand Five Hundred Dollars ($1,500.00) per month during Months 1-3 following your opening date and Five Hundred Dollars ($500.00) per month during Months 4-12 following your opening date for promotion and marketing through social media platforms. Silk Cakes franchisees will contribute up to $125 per week of gross revenues into the brand development fund. Collected funds will be used to develop marketing strategies to promote the Silk Cakes brand and help cover the costs to develop local marketing materials and campaigns. Franchisees will spend about $100 per month ongoing on local marketing, of which most of this is the cost to produce and distribute baked goods via local sampling activities.
What is the term of the agreement?
The Initial term of your agreement is 5 years with one renewal term of 5 years.
What experience do I need to become a Silk Cakes cake boutique franchise owner?
We seek franchise owners who know how to manage people and business, love to bake, are comfortable in the kitchen, and can follow recipes. Owners do not have to have a lot of baking experience or need a culinary license.
Of course, we’ll provide the training, tools, and recipes you need to open your gourmet bakery franchise and operate it effectively. We seek open minded individuals with a passion to learn about food and ingredients, and a drive to grow an appealing business.
Why should you join Silk Cakes?
• Well-thought out, set menu of cakes of various sizes, cupcakes, and some seasonal creations
•Specific, streamlined selection of event cakes for weddings and other special occasions
• Optimized daily operations procedures & reasonable hours of operation, designed to keep your store running efficiently
• Small store footprint to offer some seating but primarily designed for carry-out
• Broad appeal to those with both discerning and traditional palates
• Limited direct competition, as we are cornering the market on modern Asian American desserts
This website and the franchise sales information on this site do not constitute an offer to sell a franchise. The offer of a franchise can only be made through the delivery of a franchise disclosure document. Certain states require that we register the franchise disclosure document in those states. The communications on this website are not directed by us to the residents of any of those states. Moreover, we will not offer or sell franchises in those states until we have registered the franchise (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law.