The opportunity to scale your industrial bakery can be an exciting project, and sometimes a necessary one when demand for your product has outpaced your ability to meet it. The size and scope of scaling projects will vary from bakery to bakery and can range from updating to larger capacity equipment or adding another used bread production lines to renovating your existing space or building a new facility to accommodate your growing bakery operation. Regardless of the nature of your bakery’s scaling project, there are some helpful steps to creating an accurate and useful project budget.
Prioritize your operational needs
Before beginning a scaling project it’s important to be specific about what you want your future industrial bakery operation to look like. You may want to produce more pizza dough, but how much more pizza dough? Is it possible to reach the desired level of production at once or will scaling need to take place incrementally? What logistical requirements are a priority, such as hiring employees or investing in capital assets, and which ones can be delayed? Where can you save money, such as buying used Mecatherm industrial bakery equipment instead of new, and where is it imperative to spare no expense? These questions can help you focus your vision into a manageable scaling project.
Create a detailed plan and enumerate costs
Once the size, scope, and objectives of your scaling project are clearly defined, it’s time to develop a plan of execution. This includes an ideal timeline for the project, necessary deliverables for each phase, and the associated costs. In addition to the cost of equipment, materials, and contractor or installation expenses, bakeries should also account for the impact of the project on current operations. If the scaling project will disrupt or halt bakery production, account for the loss of revenue in the budget.
Evaluate potential project professionals
A helpful resource for any industrial bakery looking to scale their operations is the professionals in the industry who specialize in precisely these business transitions. There are design-builders who can help optimize, organize, and oversee your scaling project, partnering with you to achieve the desired outcomes for your bakery operations and business. As you begin to engage these industry professionals, it is a good idea to interview several design-builders and follow-up on their references. Just as you would thoroughly evaluate a candidate for your business’ leadership team, it’s important to pursue the same level of research into potential design-builders and to similarly gauge their compatibility with your company culture.
Artisan Capital Partners tailors solutions and services designed to create liquidity from industrial bakery assets while consistently managing transaction risk. Artisan Capital Partners helps bakeries manage assessing equipment, dismantling, and transportation, as well as design, installation, and testing to provide bakeries with a liquidity event that meets their goals.