Pricing Bundt Cakes, Cake by the Slice, Brownies and Barsm & Cookies for Farmers Markets
I have recently had a thorough cost analysis of my recipes as a Home based Baker done for Farmer's Market and am amazed at what I will need to charge to make anything...(around $20 an hour.) I am buying most of my bulk products wholesale at Costco
At doubling the cost of the recipe I will only replace the ingredients. At triple the cost I begin to make something. I am sure many of you know about this.
I am in the Raleigh/Durham area and I am asking for honest feedback from home-based bakers what I can charge for large brownies. My costs say $5.00.
A piece of Bundt cake (8 large pieces to a cake,) would also be $5. My cookies would need to be about $2.00.
I see people at Farmers Markets with nice operations charging about $1.50 a cookie and $4.00 for a large bar cookie. How are these people making anything?
Your thoughts and honest feedback are appreciated. I have read the good books on starting a home-based baking business and have done everything suggested to make this a success.