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magpies bakery

Full company profile

uuid02m8owl

Namestring
magpies bakery
Legal namestring
Magpies Bakery
Company typeenum
Private
Founded yearint
1992
Descriptiontext

Magpies Bakery is a single-location, handcrafted dessert bakery based in North Knoxville, Tennessee, operating since 1992 from its storefront at 846 North Central Street. The company produces cakes (Classic, Yum City specialty flavors, Custom, and Wedding tiered cakes), cupcakes, and a sweets line spanning brownies and bars, cheesecakes, pies, and cookies, with rotating seasonal and holiday-specific varieties. Its product philosophy centers on an 'all butter, all the time' approach using locally sourced ingredients including Cruze Farm dairy, cage-free and hormone-free eggs, and pure cane sugar, with all production done from scratch and no preservatives.

The business operates a direct-to-consumer retail model through walk-in storefront sales (Tue–Fri 11am–5:30pm, Sat 10am–4pm) supplemented by online pickup ordering via a Square e-commerce site, plus dedicated inquiry workflows for custom celebration cakes and wedding cakes handled via Google Forms and dedicated email inboxes. Revenue mechanics are one-time purchases on a per-unit or per-serving basis (wedding sheet cakes start at $2.00/serving), with no subscription, wholesale, or contractual revenue streams disclosed. Customer segments are individual consumers (primary), wedding couples and planners, and event organizers/caterers ordering bulk desserts. Marketing is community- and social-driven across Instagram, Facebook, and TikTok, supported by an email newsletter.

Magpies was founded by 'Aunt Peg' in 1992 and transitioned to ownership by Elizabeth Smith in 2018; in 2025, the bakery was acquired by Real Good Kitchen, a Knoxville-based food business incubator founded by Bailey Foster, with an explicit mandate to preserve recipes and traditions while supporting growth. The underlying technology stack is intentionally low-tech and craft-focused, comprising standard baking production, Square e-commerce, Google Forms, and email — with no proprietary software, mobile app, or AI/ML capabilities. The company is privately held with no disclosed funding rounds, headcount, or revenue figures.

Short descriptiontext

Magpies Bakery is a single-location, handcrafted dessert bakery in North Knoxville, Tennessee, founded in 1992, producing cakes, cupcakes, and sweets for individual consumers, wedding customers, and event organizers via retail storefront and Square e-commerce pickup orders, now owned by Real Good Kitchen following a 2025 acquisition.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersKnoxville, United States
HQ citystring
Knoxville
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
custom cake baking, wedding cake design, specialty dessert retail, cupcake product sales, bakery confectionery products
Industry3 codes
1Cake Shops & Custom Celebration Cakes
CodeTHAFAFACPrimaryYes
2Retail Bakeries (Bread & Daily Bakery)
CodeTHAFAFAAPrimaryNo
3Cupcake Shops
CodeTHAFAGAGPrimaryNo
NAICS code2 codes
  • Retail Bakeries311811
  • Baked Goods Retailers445291
SIC code1 code
  • Bakery Products2050
Product category
Specialty Bakery
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Retail Dessert Sales
TypeOne Time License
Description

One-time purchase model for cakes, cupcakes, cookies, pies, cheesecakes, and seasonal treats sold over-the-counter at the retail storefront. Customers can also order online via Square e-commerce for pickup.

magpiescakes.com
2Custom Wedding Cakes
TypeOne Time License
Description

Custom wedding cake orders placed via inquiry form or email, priced per serving ($2.00/serving starting for sheet cakes). Multi-tier cakes with flavors per tier, decorative finishes, and optional delivery services.

magpiescakes.com
3Custom Celebration Cakes
TypeOne Time License
Description

Custom cakes for birthdays and events ordered through a dedicated inquiry form, with signature design options and custom color selections available for additional fees.

magpiescakes.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure
Pricing details2 tiers
1Wedding sheet cakes - additional servings for large weddings
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Two and Three-layer sheet cakes starting at $2.00/serving for additional servings at large weddings (300+ guests)

magpiescakes.com
2Signature design custom colors
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Custom colors for piped designs on classic cakes are $5 each. Signature designs are not available for Yum City Cakes.

magpiescakes.com
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Magpies Bakery produces and sells handcrafted cakes, cupcakes, cookies, pies, and cheesecakes through a retail storefront in North Knoxville and an online ordering platform. The bakery specializes in custom celebration cakes and tiered wedding cakes, with all products made from scratch using an "all butter, all the time" philosophy and locally sourced ingredients.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Magpies Bakery is a dessert bakery offering three main product lines: cakes (Classic, Yum City, Custom, and Wedding), cupcakes, and sweets. The Classic Cakes and Yum City Cakes represent the core cake offerings with Yum City being the specialty/larger flavor variety line. Custom and Wedding cakes are specialized ordering options. The cupcakes line operates as a parallel signature product with numerous rotating flavors. Sweets encompass brownies/bars, cheesecakes, pies, and cookies as complementary items. All products emphasize the 'all butter, all the time' philosophy using high-quality ingredients including Cruze Farm dairy, cage-free eggs, and pure cane sugar.

Product and service9 records
1Classic Cakes
CategoryCakes
Description

Traditional round layer cakes in standard flavors including Classic Vanilla, Chocolate Fudge, Strawberry Cream, Lemon Heaven, Red Velvet, Carrot Cake, and more, available for personal celebrations and events.

2Yum City Cakes
CategoryCakes
Description

Specialty flavored cakes with playful names and combinations including Cookies and Cream, Chocolate Chip Cookie, Cookie Monster, Cosmic Brownie, Frosted Animal Cookie, and Reese's varieties.

3Custom Cakes
CategoryCakes
Description

Bespoke cakes designed in collaboration with customers for special events, with signature design options and custom color selections available for additional fees.

4Wedding Cakes
CategoryCakes
Description

Tiered wedding cakes available in multiple size configurations (45, 60, or 82 servings) with textured, smooth, or naked finishes, offered with popular seasonal flavors and delivery services.

5Cupcakes
CategoryCupcakes
Description

Signature cupcakes available in year-round, seasonal, and holiday-specific varieties including Classic Vanilla, Chocolate Fudge, Red Velvet, Carrot Cake, and limited edition flavors like Pink Champagne and King Cake.

6Brownies and Bars
CategorySweets
Description

Assorted brownies and bar desserts including Plain Jane Brownies, Twix Brownies, Reese's Brownies, S'mores Brownies, Sugar Cookie Bars, and Cinnamon Roll Blondies, with minimum order of 1 dozen per flavor.

7Cheesecake
CategorySweets
Description

Cheesecakes in 5-inch (2-4 servings) and 9-inch (10-14 servings) sizes, with year-round options including New York and Peanut Butter and seasonal varieties such as Chocolate Raspberry, Cookie Monster, Strawberry, Caramel Toffee, Pumpkin, and Peppermint Bark.

8Pies
CategorySweets
Description

9-inch pies available by special order with one week notice, with year-round options including Chocolate Cream, Coconut Cream, Pecan, and Key Lime and seasonal varieties such as Grasshopper, Strawberry Cream, Peach, and Winterberry.

9Cookies
CategorySweets
Description

Assorted cookies including Lemon Thumbprint, Chocolate Cherry, Chocolate Chip, Sugar, M&M, Chocolate Chip Sammies, Lil Peggy's Oatmeal Cream Pies, and Sugar Sammies.

Scale indicator2 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-01-01
Description

In 2025, Real Good Kitchen, Knoxville's food business incubator founded by Bailey Foster, acquired Magpies Bakery. Real Good Kitchen is committed to preserving the bakery's traditions and beloved desserts while supporting its growth, aligning with its mission to support food entrepreneurs and build a stronger local food community. Magpies continues operating from its North Central Street location.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

A bakery chain centered on decorated Bundt cakes and celebration desserts. It is comparable to Magpies because both sell handcrafted, occasion-oriented cakes through retail locations, although Nothing Bundt Cakes operates at substantially greater scale.

TypeDirect peer
Description

A bakery known for cakes, cupcakes, and other desserts. Its retail cake and cupcake assortment and celebration orientation closely overlap Magpies' core menu.

TypeDirect peer
Description

A cupcake-focused retail chain with online ordering and seasonal products. It is a direct product and category peer to Magpies' cupcake-led assortment, with a much broader store footprint.

TypeDirect peer
Description

A custom cake and pastry bakery with a strong celebration and event focus. It is comparable to Magpies' wedding and custom cake offering, but operates as a larger established brand.

TypeDirect peer
Description

A retail cupcake bakery offering gourmet cupcakes and custom gifting. It directly overlaps Magpies' cupcake assortment and local retail model, while serving a different geography.

TypeDirect peer
Description

A cupcake and dessert bakery serving walk-in and special-order customers. Its cake and cupcake mix and occasion focus make it a useful operating peer, although it serves a different city.

TypeDirect peer
Description

An independent bakery offering cupcakes, cakes, cookies, and other sweets. It is comparable to Magpies' broad dessert menu and custom or occasion orientation, but serves a different regional market.

TypeDirect peer
Description

A custom cake shop specializing in highly decorated cakes for celebrations. It is a strong product peer for Magpies' bespoke cake work, with a different geographic footprint.

TypeDirect peer
Description

A bakery and custom cake business focused on celebration cakes and desserts. Its product mix and custom-order model closely match Magpies' cake-led offering, though its footprint is different.

TypeBroad incumbent
Description

A dessert bakery brand known for cakes, cookies, and other sweets with a broad retail footprint. It overlaps Magpies' premium dessert category and custom-cake adjacency, but is broader and more scalable.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

magpies bakery

Specialty Bakerymagpiescakes.com

Magpies Bakery is a single-location, handcrafted dessert bakery in North Knoxville, Tennessee, founded in 1992, producing cakes, cupcakes, and sweets for individual consumers, wedding customers, and event organizers via retail storefront and Square e-commerce pickup orders, now owned by Real Good Kitchen following a 2025 acquisition.

What magpies bakery does

Magpies Bakery is a single-location, handcrafted dessert bakery based in North Knoxville, Tennessee, operating since 1992 from its storefront at 846 North Central Street. The company produces cakes (Classic, Yum City specialty flavors, Custom, and Wedding tiered cakes), cupcakes, and a sweets line spanning brownies and bars, cheesecakes, pies, and cookies, with rotating seasonal and holiday-specific varieties. Its product philosophy centers on an 'all butter, all the time' approach using locally sourced ingredients including Cruze Farm dairy, cage-free and hormone-free eggs, and pure cane sugar, with all production done from scratch and no preservatives.

The business operates a direct-to-consumer retail model through walk-in storefront sales (Tue–Fri 11am–5:30pm, Sat 10am–4pm) supplemented by online pickup ordering via a Square e-commerce site, plus dedicated inquiry workflows for custom celebration cakes and wedding cakes handled via Google Forms and dedicated email inboxes. Revenue mechanics are one-time purchases on a per-unit or per-serving basis (wedding sheet cakes start at $2.00/serving), with no subscription, wholesale, or contractual revenue streams disclosed. Customer segments are individual consumers (primary), wedding couples and planners, and event organizers/caterers ordering bulk desserts. Marketing is community- and social-driven across Instagram, Facebook, and TikTok, supported by an email newsletter.

Magpies was founded by 'Aunt Peg' in 1992 and transitioned to ownership by Elizabeth Smith in 2018; in 2025, the bakery was acquired by Real Good Kitchen, a Knoxville-based food business incubator founded by Bailey Foster, with an explicit mandate to preserve recipes and traditions while supporting growth. The underlying technology stack is intentionally low-tech and craft-focused, comprising standard baking production, Square e-commerce, Google Forms, and email — with no proprietary software, mobile app, or AI/ML capabilities. The company is privately held with no disclosed funding rounds, headcount, or revenue figures.

magpies bakery firmographics

Firmographics
Name
magpies bakery
Legal name
Magpies Bakery
Website
https://magpiescakes.com
Company type
Private
Founded year
1992
Operating status
Operating
Short description
Magpies Bakery is a single-location, handcrafted dessert bakery in North Knoxville, Tennessee, founded in 1992, producing cakes, cupcakes, and sweets for individual consumers, wedding customers, and event organizers via retail storefront and Square e-commerce pickup orders, now owned by Real Good Kitchen following a 2025 acquisition.
Ownership category
akta.pro rank

magpies bakery industry classification

Industry
Product category
Specialty Bakery
NAICS
Retail Bakeries (311811), Baked Goods Retailers (445291)
SIC
Bakery Products (2050)
akta.pro primary industry
Cake Shops & Custom Celebration Cakes (THAFAFAC)
akta.pro secondary industries
Retail Bakeries (Bread & Daily Bakery) (THAFAFAA), Cupcake Shops (THAFAGAG)

Keywords

  • Custom cake baking
  • Wedding cake design
  • Specialty dessert retail
  • Cupcake product sales
  • Bakery confectionery products

Where magpies bakery is headquartered

Location

Headquarters

HQ city
Knoxville
HQ country
United States
HQ region
North America

Offices1 record

Markets served

magpies bakery business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

  1. Retail Dessert Sales: One-time purchase model for cakes, cupcakes, cookies, pies, cheesecakes, and seasonal treats sold over-the-counter at the retail storefront. Customers can also order online via Square e-commerce for pickup.
  2. Custom Wedding Cakes: Custom wedding cake orders placed via inquiry form or email, priced per serving ($2.00/serving starting for sheet cakes). Multi-tier cakes with flavors per tier, decorative finishes, and optional delivery services.
  3. Custom Celebration Cakes: Custom cakes for birthdays and events ordered through a dedicated inquiry form, with signature design options and custom color selections available for additional fees.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goWedding sheet cakes - additional servings for large weddings
Unit PricingPay-as-you-goSignature design custom colors

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

magpies bakery product offering

Product offering

Core offering

Magpies Bakery produces and sells handcrafted cakes, cupcakes, cookies, pies, and cheesecakes through a retail storefront in North Knoxville and an online ordering platform. The bakery specializes in custom celebration cakes and tiered wedding cakes, with all products made from scratch using an "all butter, all the time" philosophy and locally sourced ingredients.

Product overview

Magpies Bakery is a dessert bakery offering three main product lines: cakes (Classic, Yum City, Custom, and Wedding), cupcakes, and sweets. The Classic Cakes and Yum City Cakes represent the core cake offerings with Yum City being the specialty/larger flavor variety line. Custom and Wedding cakes are specialized ordering options. The cupcakes line operates as a parallel signature product with numerous rotating flavors. Sweets encompass brownies/bars, cheesecakes, pies, and cookies as complementary items. All products emphasize the 'all butter, all the time' philosophy using high-quality ingredients including Cruze Farm dairy, cage-free eggs, and pure cane sugar.

Differentiator

Problem solved

Functional benefit

Products and services

  • Classic Cakes Traditional round layer cakes in standard flavors including Classic Vanilla, Chocolate Fudge, Strawberry Cream, Lemon Heaven, Red Velvet, Carrot Cake, and more, available for personal celebrations and events.
  • Yum City Cakes Specialty flavored cakes with playful names and combinations including Cookies and Cream, Chocolate Chip Cookie, Cookie Monster, Cosmic Brownie, Frosted Animal Cookie, and Reese's varieties.
  • Custom Cakes Bespoke cakes designed in collaboration with customers for special events, with signature design options and custom color selections available for additional fees.
  • Wedding Cakes Tiered wedding cakes available in multiple size configurations (45, 60, or 82 servings) with textured, smooth, or naked finishes, offered with popular seasonal flavors and delivery services.
  • Cupcakes Signature cupcakes available in year-round, seasonal, and holiday-specific varieties including Classic Vanilla, Chocolate Fudge, Red Velvet, Carrot Cake, and limited edition flavors like Pink Champagne and King Cake.
  • Brownies and Bars Assorted brownies and bar desserts including Plain Jane Brownies, Twix Brownies, Reese's Brownies, S'mores Brownies, Sugar Cookie Bars, and Cinnamon Roll Blondies, with minimum order of 1 dozen per flavor.
  • Cheesecake Cheesecakes in 5-inch (2-4 servings) and 9-inch (10-14 servings) sizes, with year-round options including New York and Peanut Butter and seasonal varieties such as Chocolate Raspberry, Cookie Monster, Strawberry, Caramel Toffee, Pumpkin, and Peppermint Bark.
  • Pies 9-inch pies available by special order with one week notice, with year-round options including Chocolate Cream, Coconut Cream, Pecan, and Key Lime and seasonal varieties such as Grasshopper, Strawberry Cream, Peach, and Winterberry.
  • Cookies Assorted cookies including Lemon Thumbprint, Chocolate Cherry, Chocolate Chip, Sugar, M&M, Chocolate Chip Sammies, Lil Peggy's Oatmeal Cream Pies, and Sugar Sammies.

Companies that use magpies bakery

Customer profile

Named customers1 record

Segments3 records

Ideal customer profiles3 records

magpies bakery technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

magpies bakery partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Real Good KitchencoreStrategic or Co-development Partner · 1 January 2025In 2025, Real Good Kitchen, Knoxville's food business incubator founded by Bailey Foster, acquired Magpies Bakery. Real Good Kitchen is committed to preserving the bakery's traditions and beloved desserts while supporting its growth, aligning with its mission to support food entrepreneurs and build a stronger local food community. Magpies continues operating from its North Central Street location.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

magpies bakery competitors and assessment

Company assessment

Direct peers

  • Nothing Bundt Cakes: A bakery chain centered on decorated Bundt cakes and celebration desserts. It is comparable to Magpies because both sell handcrafted, occasion-oriented cakes through retail locations, although Nothing Bundt Cakes operates at substantially greater scale.
  • Magnolia Bakery: A bakery known for cakes, cupcakes, and other desserts. Its retail cake and cupcake assortment and celebration orientation closely overlap Magpies' core menu.
  • Sprinkles Cupcakes: A cupcake-focused retail chain with online ordering and seasonal products. It is a direct product and category peer to Magpies' cupcake-led assortment, with a much broader store footprint.
  • Carlo's Bakery: A custom cake and pastry bakery with a strong celebration and event focus. It is comparable to Magpies' wedding and custom cake offering, but operates as a larger established brand.
  • Georgetown Cupcake: A retail cupcake bakery offering gourmet cupcakes and custom gifting. It directly overlaps Magpies' cupcake assortment and local retail model, while serving a different geography.
  • The Cupcake Collection: A cupcake and dessert bakery serving walk-in and special-order customers. Its cake and cupcake mix and occasion focus make it a useful operating peer, although it serves a different city.
  • Sweet Mandy B's: An independent bakery offering cupcakes, cakes, cookies, and other sweets. It is comparable to Magpies' broad dessert menu and custom or occasion orientation, but serves a different regional market.
  • Charm City Cakes: A custom cake shop specializing in highly decorated cakes for celebrations. It is a strong product peer for Magpies' bespoke cake work, with a different geographic footprint.
  • The Cake Bake Shop: A bakery and custom cake business focused on celebration cakes and desserts. Its product mix and custom-order model closely match Magpies' cake-led offering, though its footprint is different.

Broad incumbents

  • Milk Bar: A dessert bakery brand known for cakes, cookies, and other sweets with a broad retail footprint. It overlaps Magpies' premium dessert category and custom-cake adjacency, but is broader and more scalable.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

magpies bakery social profiles

Digital presence

magpies bakery financial estimates

Financial estimate

Revenue estimate

Valuation estimate

magpies bakery leadership team

Management profile

Number of profiles

Profiles1 record

magpies bakery funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

magpies bakery M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about magpies bakery

What does magpies bakery do?

Magpies Bakery produces and sells handcrafted cakes, cupcakes, cookies, pies, and cheesecakes through a retail storefront in North Knoxville and an online ordering platform. The bakery specializes in custom celebration cakes and tiered wedding cakes, with all products made from scratch using an "all butter, all the time" philosophy and locally sourced ingredients.

Is magpies bakery a public or private company?

magpies bakery is a private company. It is classified as corporate owned and is currently operating.

When was magpies bakery founded?

magpies bakery was founded in 1992.

Where is magpies bakery based?

magpies bakery is headquartered in Knoxville, United States, in the North America region.

How does magpies bakery make money?

Three revenue lines are on record. Retail Dessert Sales are the primary driver. The others are custom Wedding Cakes and custom Celebration Cakes.

Who are magpies bakery's main competitors?

Direct peers on record are Nothing Bundt Cakes, Magnolia Bakery, Sprinkles Cupcakes, Carlo's Bakery, Georgetown Cupcake, The Cupcake Collection, Sweet Mandy B's, Charm City Cakes and The Cake Bake Shop. Milk Bar is listed as a broad incumbent.

Does magpies bakery have an API?

No public API is recorded for magpies bakery.

What industry is magpies bakery in?

magpies bakery's product category is Specialty Bakery. Its primary akta.pro industry code is THAFAFAC, Cake Shops & Custom Celebration Cakes, with a secondary code of THAFAFAA, Retail Bakeries (Bread & Daily Bakery). Its NAICS code is 311811 and its SIC code is 2050.

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