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Price Reduced - Funeral Service Provider

MN

Price Reduced - Funeral Service Provider
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Asking Price: $800,000

Cash Flow: $233,892

Gross Revenue: $487,713

EBITDA: N/A

FF&E: $60,072

Inventory: $25,000

Real Estate: $550,000

Established: 1930

Price Reduced - Funeral Service Provider

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Business Description

Established full-service funeral home for sale!

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. The business has $700,000 in Pre-need accounts.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
1 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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.
Reason for Selling:
Owner is looking to transition into retirement.
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Patrick Steffl

Business Listed By:
Patrick Steffl

Murphy Business & Financial Corporation

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