5×5 Night-ON THE ROAD at Downtown Market- FOOD BUSINESSES
Voting Closes:
April 22, 2024 11:59 pm
Impact
This product is made for dessert lovers who want to eat a single portion of good quality cake that cannot be matched by what is offered in big-name grocery stores. Our customers will benefit from our product because it offers a unique experience. It also offers them the opportunity to try nontraditional combinations in a cake, but with fillings and toppings that are familiar to them.
My wife and I love to eat delicious cakes as a dessert, and we often buy them by the slice. But one main problem we encountered was the cakes were not always fresh because bakeries have to make their cakes with filling in advance and depending on when we visited the bakery, the cake slices may have been made two to three days prior. After months of experimenting, the cakewich was birth. We have been selling this product at our local farmer’s market and fairs. At the farmer’s market, the cakewiches are made to order by assembling the cake and filling. By making the cakewiches to order, we can ensure that the fillings stay separate and therefore can be stored optimally until when assembled. The beauty of this product is it gives the customers a lot more options to add or take off items. For instance, we developed the Nutella Crunch without fruit, but on our last sales outing at the farmer’s market, we had a few customers add fruit, and when I asked, they said that’s what they do at home. A few other selling points of this snack are: it is single serving, affordable ($7 - $8), and it is a simple product that with a picture and a brief description customers are able to instantly understand the concept. Our product also leads to reduced food wastage because whatever is not sold can be properly stored and reused without sacrificing final quality. We have packaged this dessert with similar qualities as customers get if we made this to order for them: the cakewiches are packaged with the cake and fillings separate. So even if this dessert has to be stored cold, once purchased, the cake can be warmed up in a microwave before assembling it. Thus, allowing our customers to have the best experience of a warm cake with a cool filling.
What I'll do with $5,000
We have a unique product that is new but at the same time relies on flavors that people are familiar with and can imagine. If we get this grant, two places we intend to invest in are: (1) develop more efficient packagings. (2) Invest in marketing campaigns that will help drive demand that will allows us to scale our production. We hope to work with MSU Product Center to leverage their product packaging expertise. The goal of our marketing efforts is to introduce this product to people in as many mediums as possible (pop-up events, fairs, social media campaigns, TV and radio) to increase awareness.