News & Opinion - Unique new business model

Tim Turner of Hathersage-based Blue Deer, a property development company, is putting his money where his mouth is in setting up a brand new business.

Turner's unique idea is to set up a new floristry business in one of his unit's at the new retail development at 131 Chatsworth Road, Chesterfield, which his company developed.  He will be looking to recruit an experienced florist to run the business and then after 12 months, if the venture is a success, he will hand the keys over to the employee, who will take on the business.

In a deal that to some will appear to be too good to be true, the new employee will not have to put one penny of their own money into the company. Once they take on the business they will simply pay a slightly increased annual rental for Turner's company to recoup the set-up costs.

With the banks still allergic to lending money to new businesses, Turner's unique business model could well start to set the agenda for budding entrepreneurs who simply lack the cash to get a new business off the ground.

The new business is set to open early May.

 

 

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