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Tuesday, September 30, 2008
BabyCakes NYC Meet Futon Lingo
1.8 Million Dollar Cup Cakes Anyone?!?
“Founded in late 2005 with $85,000 in seed capital, BabyCakes NYC broke even after only seven months. Last year, sales hit $690,000. This year, he company will gross $1.2 million, according to McKenna, with gross profit of $497,000 and net income of $100,000. That's pretty good, given that, as with most food businesses, BabyCakes' markup on specific items is low. Each cupcake, for example, costs $2 to produce and retails for $3. Next year, with a second store open in Los Angeles, McKenna projects sales of $1.8 million.” Inc Magazine Written By Aviva Yael Read The Article Here
Salutations my name is Erin McKenna,
I was born in… Chula Vista, CA
Your reading about me because… I turned my vision of what was possible in the baking industry into reality.
My hustle/business venture is… Making cupcakes for people with food restrictions.
I was inspired to do this because… I had a clear vision of what the market needed, and I wanted people to that they could do anything they set their mind to.
Future plans/goals… Expanding BabyCakes across the country.
Current song playing in my iPod, CD Player… Golden Time of Day, by Frankie Beverly!
Advice for freshly baked entrepreneurs… Keep your head up. Don't let anyone get you down or discourage you. Persistence pays off.
BabyCakes NYC™ 248 Broome Street (Btwn Orchard & Ludlow) New York City, NY 10002 (view a map)
Telephone 212.677.5047 Orders taken Monday-Friday between 10:00 and 5:00. We need 48 hours notice for all orders.