Tag: funeral business

Business

When Opportunity Knocks . . . .

I noticed a couple of articles in the last couple of days about ownership at single proprietor funeral homes that are changing hands.  What struck me about the articles is that as you go through living your life, you really need to be ready to answer the door when an opportunity knocks. The first article that you can read here is more typical about how an employee funeral director can get into the business of owning his own funeral home.  […]

Cemetery

Cemetery sues city for Gross Abuse

In what is a somewhat timely item for us at Funeral Director Daily, we learned yesterday of a lawsuit filed by suburban New York City cemetery, Ferncliff Cemetery, against the City of Greenburgh.  Timely for us because this week we have highlighted zoning and location issues among the industry. The lawsuit, according to an article you can read in lohud.com here, alleges that the community of Greenburgh has willfully proceeded with “gross abuse of its municipal land use, zoning, and […]

Business

Is Your Funeral Home a Growth Industry?

In my opinion, when I look for something to invest in, I gauge the safety of the investment as well as the possible return and then make a decision if the balance is there between the two.  I also look at two sides of an equity investment as the potential for growth (as defined by an increase in value) and the other side of yield (as in dividends or interest payments). My dad used to talk to me about his […]

Business

Survive and Thrive

Today we bring you an article from HartfordBusiness.com about a new funeral home business that just opened up in suburban Hartford, Connecticut.  The funeral home is a 5,000 square foot building in Plainville, CT and is owned and operated by a 20-year veteran funeral director Andrea Wasley, a lifelong resident of the community.  You can read the article here. According to the article, a couple of things about this new funeral home are unique.  First of all, Ms. Wasley is […]

Business

Dignity Memorial adds representation on Florida’s West Coast

According to a release published in the Sarasota Business Observer, funeral professional Robert Toale and his family have joined the Dignity Memorial Network in Sarasota and Manatee Counties of Florida.  Again, according to the release, Dignity Memorial now has 2,000 funeral, cremation, and cemetery service providers in its network.  You can read the release here. The release goes on to say that three funeral homes have also slightly changed their names and that two of the chapels will be renovated. […]

Business

The Decline of the Church. . and What it means for Death Care

The lead article in yesterday’s Sunday Minneapolis Star Tribune was entitled, “As Churches Close, a Way of Life Fades”.  It is an excellent article on the path our nation, and by the graph I’ve put with this article, other nations are heading with church membership.  You can read the article here. Funeral Director Daily take:  While the article has no funeral or death care related topics to it, as I was reading it I kept on wondering “What does this […]

Finance

Park Lawn makes British Columbia Purchases

In a news release provided by Park Lawn Corporation that you can read here, the company announced on July 5, 2018, that they are purchasing the Hanson Arbor Funeral Chapels in the Okanagan Valley of British Columbia.  The purchase will bring four funeral homes and a crematorium into the Park Lawn family. The release also stated that the purchase price was within Park Lawn’s publicly stated targeted EBITDA range. The release also states that Park Lawn Corporation and its subsidiaries […]

Finance

InvoCare Continues Purchase Pattern

InvoCare, Australia’s leading national provider of funerals and cremations, announced earlier this week that it will continue to build its regional markets.  They did so in the New South Wales/Victorian border area by purchasing the Lester and Son Mortuary.  You can read a clip on the acquisition here. The purchase includes two fully equipped funeral homes and a separate crematorium. Lester and Son is considered the leading mortuary in the area and is said to handle the remains of about […]

Finance

StoneMor Partners Continues Moving Forward

Last week cemetery and funeral home consolidator StoneMor Partners issued press releases regarding their company.  In essence the releases shared the following information: Release of Preliminary Unaudited 2017 Full Year Financials The appointment of a new CEO for the company, Mr. Joe Redling The establishment of a committee to look into the possibility of changing the company from a Master Limited Partnership to a “C” Corporation You can read the press release pertaining to the 2017 financials here.  Here are […]

Cemetery

Goatscaping Coming to a Cemetery near You

The United States is at what some may term full capacity employment and with that comes the high price of labor.  As a matter of fact, some municipalities have instituted a $15 per hour minimum labor rule.  So, what happens if you have a cemetery to maintain and limited funds for capital equipment or just can’t afford the $15 per hour minimum wage rule? Laurel Grove North Cemetery in Savannah, Georgia, is launching a pilot program that you can read […]