Texas Funeral Homes (37649)

Financial & Assets Details

About the Business

Business Description

Two business package! These full-service funeral home companies specialize in traditional funerals, cremations, and pre-arranged funeral planning. There are 5 locations totaling over 33,000 square-feet featuring lobbies, viewing rooms, media-ready chapels, casket rooms and more. In addition, there is a cemetery with approximately 20 acres, half of which are developed. Included in the listed price, the cemetery and facilities are all in excellent condition, zoned for commercial use and easily capable of handling additional capacity. Marketing efforts focus on targeting individuals and families within the Panhandle Plains region of Texas through word of mouth and referrals. Their skilled personnel of 15 nonunion employees with industry experience has benefited company with a proven track record supported by 15 years of ongoing business. The owner/operators are flexible to stay on after the sale or, if desired, leave after the transition. They believe the strong local reputation represents growth opportunities for a strategic buyer. Combined revenues for two companies were $2,429,216 in 2018 with an Adjusted EBITDA of $ 636,718. Based on an independent evaluation, company projects revenues for 2019 to surpass $1,850,000.

Seller Financing

Negotiable for the right buyer.

Location Details:

Collection of 5 properties come included within the Asking Price!

Support & Training

Owner Transition period of up to 9 months.

Reason for Selling:

Approaching retirement.