Getting Finance for a Garden Centre Business

Do you want to own and run your own Garden Centre Business but worried you can’t raise the finance needed for paying rent on the building, stock and equipment, insurance, marketing, accounting and payroll, as well or taxes you will have to pay for your garden centre business. There will also be other hidden costs along you journey of setting up your business or expanding your garden centre business.

The first place most people will look for finance is a bank for a bank loan, the problem with bank loans is that the bank will want you to put some of your own money down as well as the bank charging you high interest rates which most start-up businesses and businesses that are struggling will find it hard to pay back the interest alone. Below are some ideas where you could get finance for your garden centre business: -

• Your Savings
• Friends and Family
• Bank Loans
• Credit Card
• Home Equity
• Business Angel Investors
• Venture Capitalists

Before you think of contacting a bank for a loan, venture capitalist or business angel investor for finance backing you should have a well laid out business plan. You need to be able to show them that you have every avenue covered from what happens if your business loses money in the first year and what you would do, to what kind of garden centre you want to start-up. Will it just sell plants, will it sell garden furniture, barbecues, craft accessories, cards, household accessories etc. Will their be a coffee shop for customers to rest-the list is endless. All these things need to be considered as well as prices for different types of items and where the stock will come from.

Business Angels help new businesses with the help of finance and business advice, as they have been there and able to advice you on the best methods to bring in customers look after your customers as well as making a profit. They will also help businesses that are struggling to keep afloat with the help of finance and advice when most banks etc wouldn’t take a bit of interest. They are most likely to be entrepreneurs that have a successful business of their own and they will use their money to help your business succeed and make returns on their investment.

Venture Capitalists help larger businesses with problems of finance, they will offer financially help and advice but will be more of a silent partner than a business angel who will get more involved.

If you’re struggling to write a business plan for your garden centre business to show to business angels, venture capitalists, banks then we can help by tailor making your own business plan for your individual business.

So if you want financial help to start-up your own Garden Centre business or want financial help for your business, angelstartups is here to help. We are able to advice you on the best way to finance your business and put you in touch with business angels or venture capitalists to help your garden centre business mature.