More cremations, longer life expectancies, shifting religious beliefs, operational costs rising, fewer funeral homes, and aging cemeteries – these are among the many factors shaping the funeral service and cemetery profession today.
The changing landscape means many funeral homes and cemeteries will need to adapt in unique ways:
Merging with other operators;
Acquiring new locations, adding a crematory, expanding operations;
Shifting to focus more on event planning and hosting, as people are increasingly using restaurants, hotels, and homes for memorial services.
Implementing a succession plan.
Many of these changes require financing.
Often, our clients ask about financing. We have relationships within the funeral service profession and can help guide you to the resources you need.
For those seeking to sell or transfer your business, we can help guide you to:
Appraise the business and determine sale-ability.
Determine if the value could be increased by making operating changes prior to placing the business on the market, or whether to proceed immediately to sale.
Perform a tax analysis.
Consider tax strategies or identify need for tax deferral methods to determine the most viable type of buyer.
Use a carefully prepared prospectus and Non-Disclosure Agreement, and offer a Letter of Intent (LOI) to only the most qualified potential buyers.
You have worked hard to build your funeral home or cemetery and your reputation within the community. It is important that the work you’ve done, and the wealth and value you’ve created, be protected during any kind of business deal or transfer.
Need Financing Today, or Have Questions?
Roosevelt Investments Can Work With You to Help Make Sure Your Financing Needs Are Met, and That the Process Is Seamless and Effective.
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