The Cost of Building A Flower Shop

The Cost of Building A Flower Shop

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Are you someone PLANTING to start a floral business but still have doubts because you don’t know the total cost of building a flower shop?  If you are, then you’ve come to the right place.

Essentially, your vision will determine how much money you allocate to establishing a flower business shop. For instance, if you want a flower store with more area, the cost of developing your flower shop will undoubtedly increase.  In this article, I’ve provided a breakdown of the expenses that will impact the overall cost of building your flower shop.

Construction Expenses

Construction Expenses

Basically, the total building construction cost varies depending on several factors, including whether you currently have your property or are renting a retail location. As an example, if you already have a place of your own, you will simply need to invest money in renovation. That said, when renting, you may also find retail spaces that won’t need further construction.

If you’re starting everything from scratch and need a single-story store space, you must know that the average cost per square foot will be around $313. If you need a mid-rise shop, typically, you will need to spend $562 per square foot. Let’s say you plan to have 600 square feet of store space, you may need to spend $187,800 for the construction of your flower shop. But remember that this is only a ballpark estimate, and the total price will change based on your floor plan, the materials you choose, and other aspects.

Licensing Expenses

Licensing Expenses

The first thing that will be included in your overall budget is the licensing cost. This will always be included in the construction of any business, simply because getting licenses and permits will make the business function properly and legally. The licenses and permissions needed will generally change based on your state or municipality.

Some of the licenses and permits that you may need are building permits, zoning requirements, inspection fees, business licenses, and so forth. I strongly advise hiring a general contractor since they could be able to assist you in obtaining these requirements. All in all,  building permits might wind up costing you at least $2,000 or perhaps more, depending on how big your flower store is.

Shop Space Costs

Shop Space Costs

Aside from the costs associated with licensing, the location and space of your flower store will also affect how much building it will ultimately cost. In essence, it will depend on whether you rent a business space or own property. For instance, if you have a place of your own, your only expenses will be for remodeling or renovation. The same can’t be said if you’ll be renting a commercial space, since this would essentially need setting aside funds for rent, renovations, and other costs.

One thing to bear in mind when renting a space is that the price will vary based on where you are located and the size of the commercial space in general. For instance, the typical rent for a shop location in New York is $1,000 per month. Also, the pricing range for retail space per square foot in NYC is between $30 to $50.

Other Expenses

Other Expenses

Essentially, the price of licenses, store space, and construction are the three primary expenses associated with building a flower shop. Nonetheless, there are still more requirements that will raise the cost of constructing a flower store altogether. They are as follows:

Inventory Expenditures

If the flower store lacks stocks to sell, it is not a completely established flower shop. You don’t want your flower shop to look empty that’s why you must also budget for inventory expenditures. Ultimately, the overall cost of your inventory will vary depending on the quantity and quality of your main stocks, among other factors.

Flower Equipment Costs 

Every piece of floral equipment would also be required in a flower business to operate effectively and efficiently. Some of the pieces of equipment you may need are flower baskets, wires, stem cutters, flower frogs, and others. The total cost of your floral equipment will vary significantly based on factors like quality, quantity, and brand.

Conclusion

In conclusion, the typical price to construct a flower store is between $10,000 and $200,000. Moreover, the location and size of the facility, the number and quality of goods or materials, and other variables will all affect the final total cost of creating a flower shop. In the end, you’ll need to set aside money for license fees, store space, building expenditures, inventory, and flower-related equipment.

To learn more on how to start your own flower shop business check out my startup documents here.

Please note that the contents of this blog are for informational and entertainment purposes only and should not be construed as legal advice. Any action taken based on the information provided in this blog is solely at your own risk. Additionally, all images used in this blog are generated under the CC0 license of Creative Commons, which means they are free to use for any purpose without attribution.