Listing ID: 74951
This business includes a non-profit cemetery located in northwestern Pennsylvania. The operation generates approximately $190,000 in revenues and performs approximately 60 – 75 interments per year. The cemetery is fifty (50) acres in total and only twenty five (25) of those acres have been developed. There is sufficient developed inventory including approximately 3,500 grave spaces and 55 niches. The business also has approximately $605,000 in the perpetual care fund account.
For more information, please contact Tyler Peck at firstname.lastname@example.org or 480/556-8537.
- Asking Price: N/A
- Cash Flow: N/A
- Gross Revenue: $190,000
- EBITDA: $2,020
- FF&E: $22,667
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
There is an admin building on the property which includes a living space on the 2nd floor. There is also a maintenance garage with 2 floors. The cemetery also has a spring house which provides water to the lower half of the cemetery and buildings.
15. Support and training provided to buyer – The owners would be open to staying on for a period of time to help with the transition. The employees are willing to stay on after the sale.
Owners want to retire.
Cons – there are several competitors in the area offering the same services. Pros – This business has the highest market share out of all firms in the area.
Pros – Out of the 50 acres on the property, only 25 acres are developed. Less than 1 acre on the property is unable to be developed so this provides a long lasting supply of inventory to operate the business for years to come. There is also high available developed inventory ready for use today. Cons – Location of business is in a somewhat remote area.
The venture was established in 2004, making the business 18 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. Nevertheless, the real reason and the one they tell you might be 2 totally different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of various other factors. This is why it is extremely important that you not depend totally on a seller's word, yet instead, utilize the vendor's response along with your general due diligence. This will paint an extra realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses borrow money so as to cover items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that earnings margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be met or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new customers? Many times, businesses have repeat clients, which form the core of their daily revenues. Specific elements such as brand-new competition growing up around the area, road building and construction, and also personnel turn over can influence repeat consumers as well as adversely affect future incomes. One vital thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the greater the possibility to construct a returning customer base. A final thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood median household earnings effect future earnings potential?