Trade Mortuary Service And Crematorium In Arlington For Sale

The company is a well-established trade mortuary service with an on-site crematory providing third-party services to funeral homes in North Texas. Services are also provided nationally. Services include removals and transport, embalming, refrigeration, and cremation. No services are provided to the general public. In 2023, the business performed ~1680 cremations and is on track for ~2,000 this year. The business averages 100–120 calls per month on the mortuary side and also contracts with a couple of national shipping companies. In 2023, the business had ~316 Embalming and ~189 Cremation customers, with the top 10 customers accounting for approximately ~65% of sales. The top 10 embalming clients account for ~86% of sales, and the top 10 cremation clients account for ~81% of sales. A major customer has been suspended due to non-payment of invoices. However, the business recently added a new national account that is expected to drive 20% of 2024 sales. There is a lot of room for growth with proper advertising, networking, and adding another vehicle to take on larger volumes. The crematorium has space to add a third retort to the current building, plus the plumbing is roughed in for a fourth embalming station. Additionally, there is space on the real estate property to add an accessory building.
There is a steady increase in the trend of individuals choosing cremation (reference: National Funeral Directors Association Cremation and Burial Report 2023). The cremation rate was 60.5% in 2023 and is forecast to reach 80% or higher by 2035.
NOTE: THESELLER REQUIRES THAT PROSPECTIVE PURCHASERS HAVE DEATH CARE INDUSTRY EXPERIENCE AND CURRENT LICENSING (OR ABILITY TO BE LICENSED).
The Company's well-trained and long-tenure General Manager holds all necessary licenses and runs all day-to-day operations. The owner primarily handles the financial aspect of the business, such as payroll, invoicing, and processing payments. Many of these tasks could be replaced with a bookkeeper or clerical staff. (Current owner has chosen to do these tasks.) While the owner has excellent industry knowledge, they readily admit that they lack business and finance training or the marketing prowess to profitably grow the business. The owner represents that the business has excellent books & records and can prove all sales & expenses.
The owner also conducts interviews, fills in when and where needed with embalming, creation, and training of provisional embalmers (infrequently), and assists in teaching apprentice embalmers (infrequently). owner shares many tasks with GM. The owner takes regular vacations and the GM covers needs while the owner is away.
Owner feels that there are many growth opportunities for an aggressive new owner. The business has a strong, central Dallas-Fort Worth location, skilled staff, good reputation and state-of-the art facility. The business operates primarily as a word-of-mouth business. owner estimates that the business is only running at ~30% capacity. Capacity can be significantly increased by adding retorts, improving cremation schedule efficiency and hiring staff for additional shifts. The seller feels that a new, savvy owner needs to reassess pricing and market the business’ services.
Purchase Price: The asking price for the assets of the business is $600,000 with $200,000 CASH down payment and balance financed as a commercial or SBA7(a) loan. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include AR at $25,000 and Furniture, Fixtures, Equipment and Vehicles valued at $535,000.
NOTE: THE SALE OF A BUSINESS IS CONFIDENTIAL AND DISCREET; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES OR OWNERS.
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