Tag: funeral home sale

Business Finance

Are funeral home’s values getting hit with a “Double Whammy”

A sale, or commerce if you will, occurs when a willing buyer and a willing seller reach agreement on a price for a good or service and then that price is paid from the buyer to the seller to mark the transaction.  While we don’t always think of it in that term, transactions like this happen millions of times every day. . . . from the purchase of grocery items, to the purchase of fuel, to the purchase of businesses. […]

Finance

Foundation Partners adds New Mexico locations

It didn’t take long into 2021 to hear of news on the acquisition front.  This press release will tell you of the Foundation Partners Group (FPG) acquisition of three funeral homes in New Mexico. According to the press release the company acquired the Riverside Funeral Homes located in Albuquerque, Los Lunas, and Santa Fe, New Mexico.  These three locations will be FPG’s first foray into the New Mexico market. The funeral homes were owned by Charlie Finnegan who had expanded […]

Business Preneed Regulations

Do the Diligence. . . a cautionary tale

Even before Robert Waltrip bought that second location in Houston in the early 1960’s there were lots of funeral homes that changed hands.  And, I’m guessing that over the years about 99% of those business transactions, especially the transferring of a funeral home to a new owner in a small community, went off without a hitch. Today, however, there are a lot more items to consider in a purchase/sale agreement so it is really smart to have good representation when […]