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Asking Price: SOLD
Sales: $915,218
FF&E: $535,000
AR: $25,000
Cash Flow to Owner: $
Business Description: The Company is a well-established Mortuary and Crematorium for Sale, with on-site crematorium, providing third-party services to Funeral Homes primarily in North Texas plus nationally. Services include removals/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. Top 10 embalming clients account for ~86% of sales and top 10 cremation clients account for ~81% of sales. Recently, 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 3rd retort in current building plus the plumbing is roughed-in for a 4th embalming station. Additionally, there is space on the real estate property to add an accessory building.
NOTE: THE SALE OF A BUSINESS IS CONFIDENTIAL AND DISCREET; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH OWNER OR ANY EMPLOYEES. SELLER REQUIRES THAT PROSPECTIVE PURCHASERS HAVE DEATH CARE INDUSTRY EXPERIENCE AND CURRENT LICENSING (OR ABILITY TO BE LICENSED).
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As already described, demand for the Company’s services is recession resistant and driven by an aging population. 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. The Owner is UNAWARE of any pending or new regulations or market trends that will negatively affect the business.
The 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 “niche business”. The owner estimates that the business is only running at ~30% capacity. The business recently added a new national account that is expected to drive 20% of 2024 sales. A new, energetic owner can further increase sales & profits in many ways:
- Reassess pricing and increase prices.
- Reduce operating expenses by improving cremation schedule efficiency.
- Network with and direct call on funeral homes in local and regional area.
- Increase advertising.
- Add another vehicle to take on larger volumes.
- Install 3rd retort. Crematorium has existing space to add in current building.
- Install 4th embalming station. (Plumbing is already roughed-in).
- Assess and provide international shipping services.
- Add full-time or commission salesperson.
- Expand (scale) into other geographic markets.
- Expand (scale) into pet cremations
Trade Mortuary and Crematorium for Sale
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, 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-where needed with embalming-cremation-training of provisional embalmers (this is infrequent), and assists in teaching apprentice embalmers (infrequent). The owner shares many tasks with the General Manager (GM). The owner takes regular vacations (typically quarterly) and the GM covers needs while the owner is away.
The 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 “niche business”. The 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 to the local and regional area.
The owner represents that the business has excellent matching books & records and can prove all sales & expenses.
Facilities: The business operates from a ~4,968+/- SF steel building with stone and brick exterior, built in 2017, on approximately ~ 0.53+/- acres. The owner owns the real estate and is willing to provide a 5 year lease at $12,000/mo (with 2% annual increases), and will consider longer terms or renewal options or, if preferred, separately sell the real estate for $1,400,000. Utilities averages are Water $150-200/mo, electric approximately $800-1,400/month and natural gas approximately $5,000-6,000/mo.
Competition: The trade crematory and embalming industry is very competitive. Most companies competing in this space are similar sized or much larger. Some competitors offer a wide range of services or provide services in specific market niches. This Company focuses on creating relationships and bonds between the Company and their customers based on quality work, fair pricing, integrity, and reliability.
Support & Training: The seller will train buyers in their oversight role for 4 weeks included with the purchase price. The seller is willing to provide additional training at mutually agreed compensation for a finite period.
Reason for Selling: Retirement.
Crematorium EXIT PLANNING Results in PREMIUM SALE! I If required by a commercial lender, the seller will consider financing up to 10% of the price. 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. All financing is to be personally guaranteed by the individual principals of a prospective purchaser. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include Accounts Receivables valued at $25,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $535,000. The price will be increased or decreased for actual accounts receivable as of the sale date.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.
For information, reference Texas Trade Mortuary Service and Crematorium for sale 20412 and contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC
Phone: (817) 467-2161
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KEYWORDS: crematory crematorium funeral home death care cemetery exhumation undertaker Sell my Trade Mortuary and Crematorium for Sale
During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, he has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing, exit planning, and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and financial buyers. The team establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. The firm exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
Adam Noble Group has multiple M&A and business broker specialties: Manufacturing, Aerospace Defense Industry, Oilfield services, Technology, Construction trades, Craft Breweries, Partnership Buyouts, Service, and Wholesale Distributors.
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