So you want to become a Florist? The Pro and Cons of Flower Shops and Florists
You’ve always liked flowers and you think the idea of turning emotions into floral expressions sounds like tremendous fun. You are between careers and have been investigating business opportunities in your community. Yesterday, while perusing a business for sale paper in your local town, you notice that a family owned flower shop is up for sale. The ad says it’s a turnkey operation. This is your lucky day. Or is it?
Let’s look before we leap, OK? Here are some issues to be considered:
1. What is the current status of the Florist business and it’s accounting?
You should be able to see the financial records and consult professional help if needed.
2. Does the business have a good reputation?
If there are negative opinions about the business, you may need to consider a name change and making a big show of the change in management. Factor in the cost of a face-lift on the faade of the physical facility.
3. What assets are included in the selling price?
If you are buying the building, equipment, and inventory, you need to...
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