Funeral Services Company in Northern New England
Location: Augusta, ME
Industry: Service Businesses
Listing ID: CM32223
***Confidential listing, not in indicated city***
This unique company offers a variety of funeral services but does it with nearly zero overhead.
Cremations are done in another facility. Funeral services are done at a church or rented hall. When he needs a hearse, he rents one. There is no formal office. Meetings are held at the home of the seller or the home of the deceased’s family.
Most business comes from word of mouth. There is a minimal advertising budget.
The only asset the company has is a Honda van, used for transporting bodies.
With this ultra-slim approach to operations, the seller is able to make a good living by offering cremation services (the bulk of his business) at below-market rates.
The sale of the business will include nearly $400,000 that is on deposit (in state-regulated escrow) for prepaid funeral services, representing about $300,000 in profit. This will be split between buyer and seller when services are performed, 25% to the seller, 75% to the new owner.
The seller conducted 36 services in 2022.
Disclaimer: Information and financials provided by the sellers and Inbar Group has not audited them.
Gross Revenue: $164,784
Cash Flow: $101,758
Reason For Sale:
Training & Support:
Seller will assist.
Days & Hours of Operation: Weekdays, evenings and weekends as needed.
Owner Hours Per Week: Varies
Employees: 1, owner
Business is run from owners' home, meetings with clients are at owners or clients' home.
License Required: Funeral Director’s License