Magnolia bake shop | Application Preview
Magnolia Bake Shop is seeking government grant funding to purchase and renovate an historic building currently used for their bakery operations. The building's age limits the financial support they can secure from banks, making this grant crucial for their plans to modernize and expand.
The business aims to boost shipping capabilities, which have been underutilized due to the previous owners’ conservative approach. By introducing new recipes alongside their beloved traditional items, they expect to increase revenue significantly. They have a well-established reputation, with deep community ties, having been in operation since 1928. The shop is a cherished destination for many families who travel to enjoy its unique offerings, particularly during local events.
Magnolia competes against large chains like Walmart and Brookshires but prides itself on its commitment to freshness and homemade quality. Everything is prepared from scratch, which fosters strong customer relationships and loyalty. With a wealth of experience from a long tenure at the bakery, the applicant is determined to honor the shop’s legacy while driving it toward a promising future.
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General Information
Business Registration Number: Magnolia bake shop
Location: Magnolia, AR, United States
Length of Operation: 90 yrs
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Looking to buy from previous owners. The building is old and the banks will only loan so much. We would use the money to purchase and update the building.
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Business Plan
We ship very little because the previous owners are stuck in their ways. We plan to open up many new doors. The shipping alone will bring in much more revenue. We plan to update with newer recipes. Keep the old ones that people love but add some new items. I have been working for this company for 17years I personally know it inside and out. The owners have had it in their family since 1928. There are so many families who travel to step foot in the bakery they were taking to when they were a child. It's a very unique well established place. We are known all over the close states. During special events in town we are overwhelmed with all the customers who come in from out of town. They all say there is no other bakery like ours. We baked everything fresh and from scratch nothing comes premade or frozen. We make our own dough, cakes,cookies,danish,pastries, birthday cakes,pies. We are a historic piece of history and our town would be lost without us. I was offered a chance to carry this place on and I will work hard to do that.
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Self Identified Competition
Walmart is one. Brookshires and Shipley donuts. They still can not compare to our freshness! We make everything here at the shop. The items taste like homemade . That is one huge reason we have such a huge clientele. Everything is made with love. They can even custom order some things. We all have great relationships with many customers.
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Contact Applicant
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