Setting Up A Sweet Business

It seems wherever you go, the UK has a sweet tooth when it comes to confectionery, and confectionery businesses. Mintel reports suggested that the retail sugar confectionery market was worth around £1.251 billion in 2010, while the chocolate sectors growth led to a forecasted figure of £3.686 billion. With growing numbers of retro sweet shops opening, the return of pick and mix, and handmade sweet suppliers offering a USP for retailers, there is plenty of evidence to back this up.

If this industry sector appeals to you, then there is plenty of advice available about setting up a business. Your first port of call could be a wholesale sweet business. The best companies will have many years experience in selling sweets, and can help with setting up pick and mix stands within shops or shopping malls, and setting up dedicated sweet shops. They may be able to kit you out with your sweetshop supplies, retail displays, and advertising material as well.

When you have made a decision on the type and location of your business, it’s time to drill down into the fundamental aspects of running a business. Your local banks business team will be able to help with setting up a business account, loans and overdrafts, and other business advice, while the local council can give you details of business rates and taxes. These costs, along with national insurance, vat, and other taxes will sit alongside running costs, wages, and sweet suppliers costs on your budget/business plan. Business Link can also be a great source of advice for all kinds of businesses, providing help with business plan writing, market research, and a business loan and grant directory.

If all goes to plan, you’ll soon be ordering some sweetshop supplies. Can’t you just taste the mouth-watering jelly beans and handmade fudge.

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