Starting your own bakery or confectionery business is exciting! For many, it is a dream come true to be able to create delicious treats that make everyone smile. Starting your own business is not a simple task and starting a business in the foodservice industry is even harder. There is a lot to be done before your doors can open for business. Finding a location, workers, menu items, and most importantly a supplier for the ingredients for those menu items.
Finding a confectionery supplier can be a daunting task. Maybe you found a few companies that seem okay, but you aren’t sure how to know if they are right for you and your business. Here are a few things to look at for each company to make sure you find a confectionery supplier that is perfect for you.
The first thing you should look at when trying to find wholesale confectionery suppliers is the price of their products. You are opening a business to sell products for more than the sum of their ingredients, this is how you will yield profits. Although you may want to provide people with smiles and delicious treats, you won’t be able to do that for very long if you do not turn a profit and be able to pay your employees and rent.
It is imperative that you find a supplier that has high-quality products, so your products can stay delicious, at a price point that is reasonable enough for you to turn a profit. The price you plan to sell your products should determine the price you are willing to pay to a supplier, not the other way around. Think about your potential customers and what prices they will be willing to pay and decide your prices from that. Then you can find a supplier that can work within your budget.
Although finding a supplier that has a good price point is very important, it is also important to find one near your location. Finding a supplier as close to your location as possible will save you money in the long run. The farther the supplier needs to transport the goods from their location to yours, the more it will cost you in fuel and transportation costs.
To save money, it is best to only order the anticipated amount that will be needed before the next delivery, nothing more. This will ensure high inventory turnover and that your ingredients stay fresh. Having a supplier close to your location will allow you to have deliveries often, ensuring fresh products, without breaking the bank.
So you’ve found the perfect supplier, they’re in your area, have great prices, and the freshest ingredients, what could possibly go wrong? Well, not all wholesale confectionery suppliers are reliable. It is also important to vet the supplier’s reputation before ordering with them. You would hate to waste money ordering from a shady company that will not deliver your order on time, if they do at all! It is best to look at reviews from other bakers or confectioners to determine which suppliers are reputable.
It could also be beneficial to ask other confectioners in your area who they trust. Having years of experience in the industry can make them a wealth of knowledge to a new business owner. Ask them which suppliers are reputable, but also ask which ones they definitely cannot trust. It is good to have backup suppliers just in case of an emergency, and you will want to have a list of who not to order from.
Stover & Company
Stover & Company is a reputable Pennsylvania-based wholesale confectionery supplier that prides itself on the best quality products for the most competitive prices. Check out stovercompany.com to see if they will be a good fit for your business!