Is owning a plant nursery profitable?
Yes, the plant nursery business is considered a profitable business. Profit margins for backyard nurseries are around 95%, even at wholesale prices. Prices average about $7 per plant but depend on type.
The first step in starting a plant nursery is extracting seeds. Second is planting the seeds in seedbeds or germination trays. Separate outdoor nurseries into five areas – propagation beds, holding area, retail area, storage area, and potting shed.
Learn the Trade and Grow Plants Successfully
Learn the trade – take courses, work with experts, attend shows. Find out how to start a tree farm or research the plants you want to sell. Grow plants from seeds or saplings to the size most customers want. Offer a variety reflecting your climate. Start small, specializing in unique, high-value plants.
Successful nurseries can see an annual cash flow anywhere from $40,000 to $625,000. With the ever-growing demand for plant nurseries, it has established itself as a profitable business plan. The competition is always higher for any business, but your only concern should be quality.