Rules and Regulations
There are no specific rules when opening a florist’s but if you employ staff you will need to comply with employment legislation such as the national minimum wage act, working time regulations and the Employment Rights Act. The Health and Safety at Work Act that covers all aspects of health and safety at all business premises will also have to be complied with.
How much can I earn?
As long as you control wastage, running a florist’s can be a very profitable business with an average starter wage of £15,000 and a profit margin of up to 60% in some cases. However, as Caldecourt explains, you have to be very careful when dealing with your stock:
“Controlling wastage is one of the key problems in floristry. Unlike other small businesses, where if the stock doesn’t sell you can just leave it on the shelf or sell it back to the wholesaler, any unsold stock will go in the bin. On the other hand, if you don’t have enough stock, you could lose out on potential business. This takes trial and error and experience to judge.”
Archer says: “You can make a lot of money from floristry, especially if you diversify, something I always recommend to people who are going in cold to the business. As long as you have artistic merit, are good with people and have the potential to diversify your products and include garden equipment or garden ornaments, for example then you can expect a high profit margin.” Contacts