Comm 492.3 Agribusiness Venture Management College of Agriculture and Commerce University of Saskatchewan
Awareness of high quality baked goods is on the rise. There is an increased desire for nutritious and delicious baked goods to give a feeling of healthy living. Breads, especially whole grains, have many nutritious qualities with its abundance of carbohydrates and fiber. Specialty breads which contain flax seed or other mixed grains are often high in omega 3 fatty acids which have proven health benefits.
The Bakery will be located in Saskatchewan. The bakery will be situated on a family farm. The family wants to supplement the farm income by setting up this business. The initial costs for establishing The bakeryBakery are shown in Table 1.
Table 1. Initial Capital Costs
|Description |Cost |
|Land |$1 |
|Building |$85,000 |
|Net Working Capital |$1,200 |
|Equipment |$17,000 |
|Total Capital Cost |$103,201 |
The bakery is being founded by the owner, who has a Bachelor of Science in Agriculture from the University of Saskatchewan. Her mother, along with her grandmother, and two sisters, will also be involved with the