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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire! -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Clarke who wrote (2252)	4/8/1999 2:12:00 PM
From: Mike MacNaughton	Read Replies (3) \| Respond to of 3584

In my experience of managing country clubs, resorts and restaurants for 15 years the average spent on outside baked goods was on the order of $100 to $200 per week, if that much. In most cases it's less expensive to bake on site where sales are good. The speciality cakes have a good niche market but the volume per customer is very low. My guess is the bakery currently does $600k gross per year not 6M!! You are right, the mark-up is great but most folks still buy bread, coffee and cookies at the grocery store.