Questions about a business opportunity
I have a business opportunity that I have a few questions that I hope people can help with. This new business wants to hire me as a baker and use my personal formulas. I have a feeling that they are going to compensate me too little, but I need more information.
They are currently offering $9 an hour plus a 2-3% incentive pay (bonus) from each bakery sale with a "promise" of a partnership in future opportunities. They are not offering any compensation for my personal formulas. I have a few questions (our location is Morgantown, WV):
1. What is the starting salary of a head baker? Does this depend on whether it is a bakery versus a specialty shop that makes bread (that's what this would be)?
2. What is the standard markup over total cost for a loaf of artisan bread? (Sourdough, ciabatta, etc)
3. What would a bakery pay for a quality formula for an artisan bread?
4. Any advice for a counter-offer?
Thanks for the input in advance!!