10+ Best & Profitable Baking Business Ideas [2023]

Start your own baking business in 2023 with our top 10+ most profitable ideas. Learn which business models best fit your goals, skills, and resources. Get helpful tips to start and scale your business!
Newfoundr

By Nick Cotter
Updated Feb 07, 2024

Image of baking business ideas
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Hey there, future baking entrepreneur! πŸͺ🍰

Do you find yourself daydreaming about the sweet smell of freshly baked goods filling your home? Can you almost taste the satisfying crunch of a perfectly baked cookie, or the soft, melt-in-your-mouth texture of a warm slice of bread? If you've been nodding along, it's time to turn that passion into profit in 2023! πŸŽ‰

Imagine, transforming your kitchen into a bustling bakery, your hands covered in flour, your heart full of joy. Picture your friends and family marveling at your creations, their taste buds dancing with delight. Now, imagine making money while doing what you love. Sounds like a dream, right? But with the right idea and a sprinkle of determination, it can be your reality. 🌟

Whether you're a seasoned pro or a baking novice, this article is your golden ticket. We've whipped up a list of 10+ best and profitable baking business ideas for 2023. So, let's roll up our sleeves, preheat the oven, and dive right into the delicious world of baking entrepreneurship. Ready? Let's get baking! πŸ₯–πŸŽ‚

Custom Orders

Custom orders are an ideal business idea for entrepreneurs looking to provide a personal touch to their customers' purchases. They offer customers the opportunity to customize their products just the way they like it, making them one-of-a-kind. With custom orders, businesses can offer a unique service to their customers and stand out in a crowded marketplace.

  • Custom orders provide customers with unique, personalized products
  • They give businesses the opportunity to stand out in the market
  • They allow entrepreneurs to better serve and engage with their customers
  • They provide businesses with an additional source of revenue
image of a Custom Orders

Special Occasion Cakes

A Special Occasion Cakes business is a fantastic way to capitalize on celebrations and events. Whether you want to create custom cakes for weddings, birthdays, anniversaries, baby showers or any other special occasions, starting a Special Occasion Cakes business can be a great way to make an income in the baking industry. Here are some ideas on how to get started on this baking business venture:

  • Identify your target market and their needs
  • Choose a niche like vegan/gluten-free cakes
  • Design custom cakes tailored to your clients’ specifications
  • Research pricing and pricing strategies in your area
  • Source high-quality ingredients for the best results
  • Advertise your services online and through word of mouth
  • Find experienced cake decorators and bakers to help you deliver orders on time
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Examples of successful businesses:

Baking is a popular industry, and many companies have made great success of it. Here are some examples of successful baking businesses:

  • Nordic Ware
  • Wilton Industries
  • LeBlanc Cakes & Catering
  • Sugar & Spice Cake Design
  • The Cake Maker Inc.
  • Tartine Bakery & Cafe
  • Molino's Bakery & CafΓ©
  • Gigi's Cupcakes
  • Rising Dough Baking Co.
  • Frosted Cupcake Bar

Cupcakes

Cupcakes are a popular sweet treat that make a great business idea. They are delicious, customizable, and easy to make and sell. Here are a few reasons why cupcakes make a great business idea:

  • Cupcakes can be made in an array of flavors and customized with icing, sprinkles, and decorations.
  • The ingredients required to bake cupcakes are relatively inexpensive.
  • Cupcakes can be sold in traditional stores as well as online.
  • Baked goods like cupcakes don't require refrigeration which makes them easier to transport and store.

Cake Pops

Cake pops are a delicious twist on the traditional cake. They are essentially balls of cake on a stick, covered in chocolate or other toppings. Cake pops make great gifts, party favors, and treats for all occasions. They are a great addition to any event or celebration. Here are some benefits of starting a cake pop business:

  • They can be customized to any theme or event
  • They can be tailored to any dietary preference
  • They are easy to transport
  • They can be sold as pre-made items or made-to-order
  • They require minimal equipment for production
  • There is no waste involved with making them

Cookies

Cookies have been a popular snack option for centuries. They are great for entertaining, gifting, and even enjoying as a quick snack throughout the day. Making and selling cookies is a great business opportunity because it is affordable, easy to specialize, and has a wide range of potential customers.

  • Affordable to Make: Cookies are made with easy-to-find ingredients that don't have to be expensive.
  • Easy Customization: Cookies can come in different shapes, sizes, flavors, and decorations in order to fit any customer's needs.
  • Broad Customer Base: People of all ages enjoy cookies, so marketers can tap into a large customer base.

Gourmet Desserts

Gourmet desserts are indulgent treats that come with a high-end price tag. They are often more complicated to create and take a lot more time and effort compared to traditional desserts. If you have a knack for baking and creating delicious treats, a gourmet dessert business could be the way to go. Here are some advantages of having a gourmet dessert business:

  • You can offer unique and creative desserts, tailored specifically to special events.
  • You can offer different price points for your customers, accommodating those with smaller budgets.
  • Opportunity for creativity, allowing you to experiment with new flavors and decorations.
  • The ability to use locally-sourced ingredients and support local businesses in the process.

Brownies And Bars

Brownies and Bars are a type of dessert that combines the flavors of brownies and bars in an exciting way. Brownies and Bars present a delicious and versatile option for the home cook or food service business. There are several advantages to starting a business selling Brownies and Bars:

  • Low cost for ingredients
  • No special equipment needed
  • Can be customized with different flavors and toppings
  • Popular among all age groups from kids to adults
  • Easy to store and transport for catering events

Pies And Tarts

A Pies and Tarts business is a great idea for entrepreneurs looking to offer delicious treats. Customers love sweet treats, and pies and tarts are no exception! With homemade dessert recipes, a Pies and Tarts business can provide customers with a variety of flavors, tastes, and textures. Here are some potential advantages to starting a Pies and Tarts business:

  • Can be operated from either a shop or home kitchen
  • Can cater to different dietary needs (vegan, gluten-free, keto friendly)
  • Ingredients are relatively inexpensive
  • No specialized equipment required
  • Ability to sell online or at markets/events
  • Demand is fairly consistent throughout the year

Cake Decorating Classes

Cake Decorating Classes offer individuals a chance to learn the craft of cake decorating. Through these classes, individuals learn the techniques, tips and tricks of the trade and can even gain certification. These classes make for a good business idea as they offer an enjoyable service that appeals to many people - from those who simply want to brush up on their skills to those who want to start their own cake business. Here are some reasons why cake decorating classes make for a good business idea:

  • A steady revenue stream: Classes can be held in regular intervals and cater to different skill levels.
  • Low start-up cost: With minimal investment in supplies and equipment, Cake Decorating Classes can be a cost-effective business.
  • Enthusiastic target audience: There are many people who are passionate about baking and would love an opportunity to learn how to decorate cakes for special occasions.
  • Highly scalable: As the demand for your classes grows, it’s easy to scale up by taking on more staff or offering more courses.
  • Opportunity for product diversification: Cake Decorating Classes can easily be extended to offer additional services such as cupcake decoration classes, cake-topping workshops, and even cakes for sale.

Catering Services

Catering Services is a business that provides food, staff, and equipment for special events. The services offered can range from full-service catering for weddings and corporate events to smaller scale meals for family gatherings or corporate meetings. Catering Services offer many benefits over traditional dining options, including:

  • The ability to provide customized menus tailored to the tastes of the event.
  • No need to worry about setting up food service once the event is over.
  • A professional staff of experienced cooks and servers to take care of the meal preparation and service.
  • Time flexibility so you can choose how long your event will last.
  • An opportunity to obtain tax deductions on some meals served.

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Founder and CEO

We're newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.