How do I check a florist’s relationships with wholesale flower suppliers?
Ask which suppliers provide the main flowers and greens, how long each relationship has lasted, and what terms apply. Then talk with them, if the seller agrees, to find out how reliable the supply is and whether the relationship depends on the current owner.
Flowers cannot wait, so the supply line matters more to a florist than to most shops. Begin with a list of every supplier used in a typical month, what each provides, and how often they deliver. Look for a small group of dependable wholesalers rather than one that supplies almost everything. A single source is risky in the weeks around big holidays, when everyone orders at once.
Next, look at the terms. Does the florist pay on delivery or on account? Are there standing orders, minimums or credit limits? Is there any understanding that depends on the owner’s history with the supplier? Request recent invoices and see whether stock quality, short deliveries or credits show up as problems.
Then ask to speak with the main suppliers, with the seller’s permission. A short call tells you how they see the shop, and whether they would keep supplying it under new ownership. Ask the seller how shortages are handled when a delivery is poor, and what backup suppliers exist. Your lawyer can tell you whether any agreement needs consent to continue. Also ask how stock is recorded, since fresh flowers vanish from inventory quickly and are easy to lose track of.
Key takeaways
- List every supplier used in a typical month and what each provides.
- Check payment terms, credit limits and any standing orders.
- With permission, call the main suppliers about reliability and continuity.
Related reading
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Selling
- Expert answerWhat happens to a butcher shop’s wholesale accounts when it sells?
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- Expert answerHow do I prepare a furniture store’s supplier relationships for a handover to a new owner?
- Expert answerHow do I keep a beauty supply store’s brand distribution relationships through a sale?
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentHow to diversify your supply chain
- 03Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
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