Submitted by Miss Moffett’s Mystical Cupcakes
Opening up not one, not two, but three retail cupcake stores in less than two years was not a simple task. There were unforeseen challenges and inefficiencies to overcome, systems to streamline, employees to train, and customers to win over.
When Rachel Young opened her first Miss Moffett’s Mystical Cupcakes location in downtown Olympia near the Olympia Farmers Market in January 2014, she was ambitious, passionate, bright-eyed and bushy-tailed. Nine months later, she opened her second location inside the Capital Mall, across from the food court.
Then in August 2015, Young opened her third shop in the Fred Meyer Complex in Lacey, sharing a storefront with Elle’s Floral Design.
Is rapid growth a good thing or a bad thing?
“The past few years of my life have been an overwhelming roller coaster that I wouldn’t take back in a heartbeat,” says Young. “I have learned and experienced hard knocks that I never, ever, came remotely close to hearing about in business school.”
There were many months along the way that Miss Moffett’s Mystical Cupcakes was in the red, and Young had to choose between paying for the eggs and butter, or paying the electric bill, only to have the oven or industrial mixer break down the next day.
In December 2016, Young’s strategic partner in Lacey, Michelle LaPraim, owner of Elle’s Floral Design, approached her with an idea that would help both of their businesses. LaPraim wanted to fully take over the Lacey shop. She would cover the rent, staffing, and overhead costs, while also purchasing Young’s cupcakes at wholesale pricing. This allowed Michelle to keep the retail profit on the cupcakes. After they both met with their CPA and ran numbers, they decided to move forward with LaPraim’s plan.
After only a few months the numbers proved that the move was a good one. “My business started to turn around. Cash flow increased and I could breathe a lot easier. I started wondering if this was the business model I should be considering in all of my expansion plans, rather than personally owning and being responsible for multiple retail stores.”
In the summer of 2017, Elle’s Floral Design was approached to buy Floral Ingenuity, a long-standing, well-known business in the community, and moved to their East Olympia storefront near Puget Sound Energy on Pacific Avenue.
“We needed to find someone to take over the Fred Meyer Complex location who would still be willing to sell cupcakes,” says Young. “I immediately thought of Jeff Gibson, a savvy marketer and good friend, who had actually managed two of my Miss Moffett’s locations in the past, including the Lacey one.”
Young approached Gibson, and after weeks of consideration, he did indeed take over the location, now called The Sweetest Things. According to their Facebook page, The Sweetest Things is a locally-focused gift boutique predominantly featuring products made by female small business owners. Their mission is to provide a place that supports and empowers women in business and in the community.
Miss Moffett’s Mystical Cupcakes fit perfectly in The Sweetest Things, along with other locally-made gluten-free goods, crafts, gifts, cards and apparel.
“Since I was appointed to Lacey City Council in April, I have become passionate about incubating and expanding the number of small businesses in Lacey, so I’m proud to have helped make that possible for The Sweetest Things,” says Young. “It’s nice to see a local gift shop blossom, and I hope more people become aware of everything The Sweetest Things has to offer.”
Wanting to continue simplifying her business by empowering other business owners, Young offered her French macaron provider, Melinda Gagnon, owner of Macarons by Mel, the opportunity to take over the Downtown Olympia (Farmer’s Market) location. Gagnon would continue selling Miss Moffett’s Mystical Cupcakes, of course.
“Mel (Melinda) was looking for commercial kitchen space and we have a great working relationship,” says Young. “She has dreamed of owning her own French macaron storefront. The downtown location is perfect for her.”
This fall, Macarons by Mel did indeed take over the downtown storefront, and she is continuing to sell Young’s cupcakes, which she purchases at wholesale prices. Her French macarons are a popular faire at the store, which are also available at Young’s Capital Mall location, as well as The Sweetest Things.
“Finding strategic partners like Elle’s Floral Design, The Sweetest Things, and Macarons by Mel has truly been the key to my success,” says Young. “We’ve even been able to offer an on-demand delivery service for our customers, also locally-owned, called PugetSound2Go.”
The takeaway for Young, and what she reminds herself continuously when she gets overwhelmed, is that she doesn’t have to take on the whole world by herself. There are always other people who can help in ways that benefit everybody. The business community in Thurston County is a thriving, embracing world, where many opportunities exist.
With food sensitivities on the rise, and Miss Moffett’s Mystical Cupcakes becoming a 100 percent gluten-free and peanut-free bakery in spring 2017, there are now more opportunities than ever before to expand into grocery stores and local markets.
“What I get excited about is all of the potential,” says Young. “I envision strategic partners appearing in other areas too, like Dupont, Lakewood, and Tacoma. What I need now is a larger commercial kitchen and a distribution network for my growing wholesale business.”
Young is heading into the holiday season much less stressed than in previous years, with only one retail storefront to manage instead of three. Yet she loves promoting and marketing for all three, while helping the other business owners be successful too. The ideas, excitement and inspiration sometimes keep her up at night.
“After everything that my team and I have learned, we are at a point where we can finally experience healthy, profitable growth with eyes wide open.”
Young is actively seeking new strategic partners and investors in Miss Moffett’s Mystical Cupcakes expansion. She can be contacted at firstname.lastname@example.org.