MergerPlace

Funeral Service Provider

Minnesota


  • Asking Price: $925,000
  • Gross Income: $361,463
  • Cash Flow: $159,717
  • Real Estate: Not Disclosed
  • Inventory: $25,000
  • FF&E: $60,072
  • Listing ID: #210005
  • Established: 1930
  • Employees: 1 FT

Business Description

Established full-service funeral home providing personalized, professional and compassionate funeral and cremation services. Long-term planning, service planning, vault-casket or urn selection, service planning details, preparation, clergy consultation, documentation, floral and other arrangements and transportation needs. The business has been serving the area since the 1930's. Current owner is a licensed funeral director and has owned and operated the business for close to 30 years. The funeral home works with 45 to 50+ families each year, of which typically over 50% are traditional funerals versus cremation services. The business will benefit from $1 million in Pre-need accounts.


Business Details

Primary Business Category: Services - Other Services
Location: Minnesota

Company Information

Year Established: 1930
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT

Financial Information

Asking Price: $925,000
Gross Revenue: $361,463
Cash Flow: $159,717
FF&E: $60,072
Inventory: $25,000
Seller Financing Available: No

Property Information

Facilities:

The building has been certified by the state of Minnesota Department of Health (Morturary Sciences Dept). It was newly constructed specifically for the funeral services that the business provides which includes a preparation room. There is enough room to perform 1 to 4 open-casket viewings simultaneously with seating capacity for 140 at 1 time, a selection room, arrangement areas, office, small coffee room, rest rooms, 3 vehicle heated garage and adequate parking.

Competition:

Competition is normal for this area and industry. Competitors tend to be very collegial in this industry.

Reason for selling:

Owner is looking to transition into retirement.

Support & Training:

Will train for 2 weeks @ $0 cost. The building is required to be licensed/certified by the state of Minnesota Department of Health (Morturary Sciences Dept) and the funeral director is required to have a Funeral Directors license. The state schedules an annual inspection.

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Business Listed By:

Pat Steffl

Murphy Business Brokers