There’s no denying that plants bring people joy. Why not contribute to this happiness whilst making a profit? This article will offer valuable advice on buying a garden centre.
Why would you want to buy a garden centre?
While it may seem like a rather arbitrary sector to buy in to, its importance in and contribution to the UK economy is far from random.
This resilient sector has seen stable growth in financial performance over the last six years, and over two-thirds of British citizens visit a garden centre annually! Likewise, credible studies have found that gardens make us feel better, offering an opportunity to alleviate and manage increasing mental health challenges in a technologically driven world.
So, buying a garden centre is not an arbitrary venture, but a blossoming business opportunity! In fact, households across the UK spend billions of pounds on gardening goods each year. In 2021, this amounted to approximately £18.6 billion, and people will continue to invest in their own space for the foreseeable future.
Let’s run through the top reasons why we think you should buy a garden centre.
Top reasons to buy a garden centre
From a thriving industry to contributing to your customers’ happiness, here are practical reasons why you should acquire a garden centre.
Diverse product offerings
You’ll be offering your customers different types of indoor and outdoor plants, seedlings, and tools, but you can also offer other garden-related products like accessories and furniture.
You can increase and diversify your income streams by offering other retail concessions, like a café or gift shop, garden walks (through an annual subscription), and playgrounds. You can even host events or workshops to attract different target markets.
Accessing establishing fittings, equipment, and customer base
Gaining access to these elements is an advantage when buying any business, but it holds a particular attractiveness when it comes to garden centres.
Buying an existing garden centre means you’ll gain access to several things, including but not limited to:
- The location
- Supplier contacts
- A lease that promotes long-term security
- A wide range of plants and plant-related products
- A loyal customer base
- Immediate income generation
- A team of staff
Contributing to customers’ happiness
Customer experience and satisfaction are integral for promoting and sustaining the growth of a business. As we’ve mentioned before, garden centres bring comfort to most people, and you’ll be contributing to that.
Being proud of your contribution to society as a business owner is rewarding. Not every business can offer a diverse range of customers a memorable and fulfilling experience, but a garden centre certainly can.
Sow the seeds to success and be prepared for challenges
This article demonstrates why buying a garden centre can be a profitable pursuit but highlighting the risks you may face is also important.
Every industry has its challenges, which are often magnified by tough economic conditions and market forces.
Entrepreneurs pursuing this sector need to be aware that the rising cost of living, less leisure time, seasonal changes, and consolidation opportunities can impact your business. It’s important to improve and adapt to these challenges.
We strongly encourage you to conduct appropriate research on buying a business before you take your next step.
We hope this article has been valuable, and we wish you every success in your venture into the garden centre industry. Remember, growth and success are only achieved through effort, mistakes, and dedication.
Guest blog by BusinessesForSale.com