Listing ID: 74983
Established Funeral Home located in Southeast Louisiana. The business includes a full service funeral home performing on average, 85-95 calls per year and generating revenues of approximately $400,000 – $500,000 per year. The funeral home building is 13,000 square feet and includes two chapels, two visitation rooms and a prep room. The business has a PreNeed backlog of $500,000+/-. This opportunity also includes a 25 acre cemetery (not a combination operation) with 12 acres developed and 13 acres undeveloped. The cemetery performs on average 65-75 interments per year and generates revenues of approximately $80,000/year. For more information, please contact David Adams at 8812-717-0001 or email at email@example.com.
- Asking Price: N/A
- Cash Flow: N/A
- Gross Revenue: $414,843
- EBITDA: $100,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:13,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The funeral home building is 13,000 square feet and includes two chapels, two visitation rooms and a prep room. This opportunity also includes a 25 acre cemetery (not a combination operation) with 12 acres developed and 13 acres undeveloped.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. Nevertheless, the real factor vs the one they tell you might be 2 totally different things. For instance, they may claim "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competitors, current reduction in profits, or a range of other factors. This is why it is extremely crucial that you not count completely on a seller's word, but instead, make use of the vendor's answer in conjunction with your overall due diligence. This will repaint an extra reasonable image of the business's existing 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 deal. Lots of businesses take out loans in order to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that profit margins are too small. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in new customers? Most times, operating businesses have repeat clients, which create the core of their daily earnings. Certain elements such as brand-new competition sprouting up around the location, roadway construction, and also staff turn over can impact repeat customers and also negatively influence future revenues. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the higher the chance to construct a returning consumer base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the local average family earnings impact future income prospects?