I'm planning opening a pasty shop - what are the profit expectations?

PasturesNew

It depends where the shop would be - and what the demographics are of the workers in the area.

Posh types in London like a pasty if they have a 2nd home in Cornwall.
Rough industrial estate types won't pay good money for a good pasty when the chippy does pasty/chips for the same price and everybody else goes there

There's been an explosion of pasty companies coming out of Cornwall in the past 5-6 years, on the back of the yuppy weekenders wanting to get a fix of real Cornwall when they're back home.

That's not the only pasty company that do franchises. You need to go taste their range for yourself. You can't just sell pasties, they have to be the right pasties with the right taste. They're all to their mum's secret recipe you know :P

Also investigate:
Oggy Oggy http://www.oggyoggy.com/
Morris http://www.morrispasties.co.uk/franchise_faq.php


Read (note any dates):
http://www.bakeryinfo.co.uk/news/fullstory.php/aid/1161/Pasty_popularity.html

Personally, I'd look into doing it as a mobile van and going out to places at weekends like car boots, fairs, events, etc. Less risk and you can always flog something else from the van if they didn't work out that well.

I think pasties are good, but they've had their day for growth around the country... unless you can identify a niche location, from sound research, I'd say you'd struggle these days.

nearlynew

PasturesNew wrote: »

It depends where the shop would be - and what the demographics are of the workers in the area.

Posh types in London like a pasty if they have a 2nd home in London
Rough industrial estate types won't pay good money for a good pasty when the chippy does pasty/chips for the same price and everybody else goes there

There's been an explosion of pasty companies coming out of Cornwall in the past 5-6 years, on the back of the yuppy weekenders wanting to get a fix of real Cornwall when they're back home.

That's not the only pasty company that do franchises. You need to go taste their range for yourself. You can't just sell pasties, they have to be the right pasties with the right taste. They're all to their mum's secret recipe you know :P

Also investigate:
Oggy Oggy http://www.oggyoggy.com/
Morris http://www.thefranchisemagazine.net/franchise/morris-pasties/franchise-hot-off-oven-flying-off-shelves/40


Read (note any dates):
http://www.bakeryinfo.co.uk/news/fullstory.php/aid/1161/Pasty_popularity.html

Personally, I'd look into doing it as a mobile van and going out to places at weekends like car boots, fairs, events, etc. Less risk and you can always flog something else from the van if they didn't work out that well.

I think pasties are good, but they've had their day for growth around the country... unless you can identify a niche location, from sound research, I'd say you'd struggle these days.

Shut up and get back to your beans.

They should be done by now.


I assume you're heating them up?

carolt

Disagree - the moemory of that Oxford pie shop stays with me today - yummy, v high quality - cost a couple of pounds each? I think - a lot for a student. But they looked sooo delicious. Queues round the block. Always.

advent1122

Just go out and do it.
Life is too short to worry about what if's, and if it will give you pleasure I see no reason not too.

PasturesNew

nearlynew wrote: »

Shut up and get back to your beans.

They should be done by now.


I assume you're heating them up?

I've not bothered to eat. I had a chunk of cheese yesterday and one today.

I can't be bothered to cook or go out and buy food.

I won't starve, but just cba.

PasturesNew

carolt wrote: »

Disagree - the moemory of that Oxford pie shop stays with me today - yummy, v high quality - cost a couple of pounds each? I think - a lot for a student. But they looked sooo delicious. Queues round the block. Always.

But that was Oxford in the past with students.
And, as good as they were, you're not a regular are you.

Companies can't make profits from people with memories of childhood - ask Woolies.

Conrad

PasturesNew wrote: »

It

I think pasties are good, but they've had their day for growth around the country... unless you can identify a niche location, from sound research, I'd say you'd struggle these days.

I'm looking at busy prosperous market towns. You know, a greggs opened here not too long ago and the place is rammed all day every day. Now presumably the growth phase for traditional balkers was crica 1700, yet here we have one come along and reap rewards.

My own view is that hyper fussy people, like top chefs for example will tend to do well with food as they are able to deliver a better offer and a nicer environment by dint of effort.

I am blessed / cursed with an uber detailed mind when it counts (not spelling and grammer of course).
To give you an idea, I'm the one in the airport that stares at all the pipes and beams in the cieling space and gets damned annoyed no one dusts them off:eek:

carolt

PasturesNew wrote: »

But that was Oxford in the past with students.
And, as good as they were, you're not a regular are you.

Companies can't make profits from people with memories of childhood - ask Woolies.

I'm not a regular because I don't live in Oxford. If I did, and the pie shop or equivalent was still there, I'm sure I would be. As I said, it always had a queue round the block. And that was in the middle of the last recession.

Sometimes things look so yummy you just can't resist - those pies fell into that category. And they did taste good too.

Conrad

advent1122 wrote: »

Just go out and do it.
Life is too short to worry about what if's, and if it will give you pleasure I see no reason not too.

Mmm I need to sell the mortgage shop first. Could take a while. If I can sell it I'm petty sure I will do the pasty thang. Hey how about that for a name - 'Pastythang'

PasturesNew

Conrad wrote: »

To give you an idea, I'm the one in the airport that stares at all the pipes and beams in the cieling space and gets damned annoyed no one dusts them off:eek:

I'm like that. The common term is: nutter.

I think most people harbour a desire to have a food outlet of some sort at some point, but you have to put the rosy tinted glasses in the drawer and crack open the notebook and look at practicalities.

Maybe Greggs is full, but everybody's buying 2 particular cakes and their big baguettes, maybe they only shift 20 pasties a day.