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Entrepreneur Insight - Kim Innes, founder of Humble Crumble

By rotide
Created 26/09/2023 - 06:28
Kim Innes.png

Eureka moment

While I was studying English Literature in Brighton, I noticed that in the winter the ice cream parlours were deserted. I thought to myself, what kind of treat would go over well in winter? I had made crumbles for most of my upbringing and so it was then that I came up with the idea of the world's first crumble bakery.

Finance

To start, I bought second hand equipment and set up in a farmers market. I built up a bank balance by moving back in with my parents. A year later, I was able to pay a £10,000 rent for a pop up at Southbank Centre where I generated a £60,000 turnover. I was then able to pay the deposit to open a permanent location in Old Spitalfields Market.

Humble Crumble has kept reinvesting profits and now has a second bakery in Borough Market. We are expanding this year: opening in Camden Market and Covent Garden. We are using our profits and a mixture of bank loans and revenue financing options to fund this.

Regrets

I would have tried to get a permanent space sooner. This being said, I spent a lot of time at weekend markets where I was able to tweak my product until I really understood what my customers wanted.

What would you have changed?

Putting Apple Crumble on the menu from day one! Instead, I thought more ‘interesting' flavours would create a buzz. Now, Apple Crumble accounts for 50% of our sales.

For more information visit Humble Crumble [1]


Source URL:
https://www.newbusiness.co.uk/articles/entrepreneurs/entrepreneur-insight-kim-innes-founder-humble-crumble