Business
As we move into the month of September and all the kids start going back to school, it always reminds me that the next business year is just around the corner a few months away. It was in September that I always started to look at our budget for the coming year and began the…
Read MoreProbably the worst kept secret in the funeral industry over the past 30 days or so has been the pending acquisition of Premier Care of Florida which includes several properties, most notably Anderson-McQueen Funeral and Cremation Centers of Florida, by Foundation Partners. Anderson-McQueen, which serves the west coast Florida counties of Hillsborough and Pinellas, has…
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Over the weekend I read a very interesting article that was posted to Chicago Business. The contents of the article will come as no surprise to you — it is about the difficulty of funeral homes retaining margins and call volume and closing because of not being able to do that. One of the funeral…
Read MoreThe Loveland Reporter-Herald has recently reported that Colorado based Allnutt Funeral Service has been acquired by Service Corporation International and will become part of the company’s Dignity Memorial Network. Allnutt Funeral Service is a 131 year old company that was started in Greeley, Colorado and now has 13 locations. According to Allnutt’s President, Rick Allnutt,…
Read MoreAs Funeral Director Daily starts to roll-out our product to the death care industry we will continue to feature one article per day on an industry happening and give our opinion on that article to be used for the benefit of our readers. While we have tested our ideas and system we have also realized…
Read MoreI had never heard of Philadelphia funeral director Patricia Quinn until this morning. However, in my morning search for articles that would be of interest to subscribers of Funeral Director Daily I came across People Magazines People.com story on her. It turns out that Ms. Quinn is a Philadelphia area based funeral director who back…
Read MoreAn article entitled, “This is Australia’s Most Expensive City to Die in” caught my eye. However, in reading the article which was published in Australia’s Startsat60.com the main point about the difference in city’s costs was not what intrigued me. The article points out that in Australia an average funeral with burial would cost about…
Read MoreYesterday’s edition of the Morning Call, a newspaper covering the Lehigh Valley in Pennsylvania carried an article about a new crematory receiving permission to be installed by the Fullerton Wilbert Vault and Burial Company in the Lehigh Valley. It goes on to say the the zoning board unanimously approved the installation for a business that…
Read MoreI woke up Tuesday morning and noticed that Stonmor’s stock had plunged almost 11%. In checking it out I noticed that the company issued a statement that they are in technical default on their revolving credit agreement and they mentioned that they may have more adverse events occur in mid-August. The stock was trading at…
Read MoreI happened to be watching a funeral industry podcast today and this question was asked of the “Expert” , “What value to the sale are pre-arrangement contracts that are not tied to the funeral home, but could be moved?” The expert’s answer was something like this, “Absolutely nothing. They can be moved to a competing…
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