Three Private, For-Profit Cemeteries in Southern Missouri

MO

Three Private, For-Profit Cemeteries in Southern Missouri
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Asking Price: $495,000

Cash Flow: $71,490

Gross Revenue: $435,125

EBITDA: N/A

FF&E: $191,382

Inventory: $1,610

Real Estate: $220,465

Established: 1923

Three Private, For-Profit Cemeteries in Southern Missouri

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Business Description

Great cash flow and low owner-intensity business

These are three privately-owned, for-profit cemeteries located on 63 acres of land. This is a very well-run operation with a great reputation in the community. There is a great deal of potential to increase revenue on the undeveloped land. There are still more than 17,000 available interment spaces, 300 cremation spaces within a new columbarium, and around ten acres of undeveloped land. The remaining available spaces represent more than $13,500,000 in future revenue at current rates.The cemeteries are also currently the only retailer of monuments in the town.

All accounts are up-to-date and fully funded and all real estate is included in the sale.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
3 FT/2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business consists of three cemeteries, each with approximately sixteen acres. Two of the three cemeteries have office and maintenance buildings as well as utilities. The third is a more rural location with no buildings. Utilities are available.
Competition:
There is almost no competition for the cemetery specifically. The local city cemetery has no interment spaces left for purchase. One other small cemetery exists in the town. It caters to a small number of families in its immediate area and has a reputation of being poorly managed. The local funeral homes succeed in securing the majority of at need sales of vaults. The cemeteries succeed in securing the majority of memorial sales within the cemetery as well as some memorial sales at cemeteries in outlying farming community cemeteries. Both of these could be improved by a full-time salesperson.
Growth & Expansion:
The company currently operates without a full-time salesperson. Adding someone in this position would be the quickest, easiest route to grow the company.
Financing:
Lender pre-screened with $99k down.
Support & Training:
Will train for 8 weeks @ $0 cost. The company maintains and provides cemetery related goods and services for the community. This includes mowing and maintaining the cemetery grounds and infrastructure, interments, and sales of floral arrangements, vaults, memorials and interment rights.
Reason for Selling:
The owners are selling in order to focus on other opportunities.
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Contact the Seller

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Jennifer Smith Hendrickson, MBA, BCI, CMAI

Business Listed By:
Jennifer Hendrickson

Murphy Business Sales

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