Once you have decided to open your landscaping supply store, the next step is figuring out how to get started. There are many things to consider when setting up your business. These include determining the area you want to serve, finding a building to lease, and locating your suppliers. One great resource for identifying suppliers is your local chamber of commerce. In addition, many overseas suppliers can also be found through these organizations.
Obtaining a Certificate of Occupancy (CO)
If you’re planning to open a landscaping supply store in your area, there are a few steps you need to take to get a CO. The first step is to check the requirements for your city. Some cities have strict requirements, but others are more lenient and will issue a CO in as little as a week. The next step is to pay the fees associated with the certificate, which can be around $250. This includes a plan checking fee and additional fees for each inspection. Additionally, you may need to pay for a reinspection if an inspection fails.
A CO is a legal document specifying the property class you’re planning to use. It prevents unauthorized uses and proves that the property meets zoning and building codes. For example, if you’re planning to sell or rent hazardous materials in your landscaping supply store, you’ll need to get a CO.
Adding a markup to materials
Many new landscape business owners don’t realize the potential for a markup on materials. They’re busy planning the business, buying plants and supplies, and delivering them. So instead of paying for the materials yourself, purchase them wholesale from suppliers and get a tax resale number. This way, you don’t have to pay sales tax on your purchases and can pass on the savings to your clients.
In addition to paying a retail price for the materials, you should also add a markup on labor. This way, you can charge more for the hourly labor of the technicians who work for you. In addition, you should give them a discount if they are loyal customers or purchase in bulk.
Taking deposits
Deposits are one way to ensure you have enough cash to start your business. For example, if you have a service business, you’ll have to cover the costs of materials and supplies. These deposits will prevent cash flow problems. These deposits can be large, but they’re essential to seasonal ramp-up.
Expanding your business
If you’re considering opening a landscaping supply store, there are many steps you should take to be successful. The first step is establishing a website. The website should tell customers what services you offer and how to reach you. It doesn’t have to be a massive site with thousands of pages, but it should be informative and easy to navigate. Adding content to the website is also a good idea.
