June 12, 2017

Getting Into The Funeral Business

I work for a funeral home so here's my take.

Funeral homes are a seriously expensive business to get into. In my city most are inherited as family businesses or part of a corporate chain. A single location needs facilities for embalming, a parlor for visiting, a chapel, and offices and meeting rooms to deal with clients. A crematory is optional since you can always find another funeral home to provide that service until your volume is high enough to make it financially worthwhile. Generally this means a pretty large building.
Additionally, you need at least one hearse which go for around 60-80 thousand. Most also have a removal vehicle, usually a van to go pick up the dead. It's normal to have a town car or SUV to help transport family members as well.
In my state you need to have a license to be a funeral director that requires a college education. If you don't want to hire an embalmer you will also need to attend mortuary school to learn to embalm. You will need at least 2-3 helpers since you need to have your business available 24/7. Again you may be able to fill some of those needs with trade services from other funeral homes.
Having some stock caskets, urns, photos, ect are also good to help you give clients an idea what to purchase.

500k isn't a bad estimate though I'm sure you could spend a lot more depending on your needs.

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