Feb 26, 2020 — The Company’s primary products and services include traditional funeral services, funeral merchandising products as well as cremations. The Company operates from two locations, totaling approximately 21,000 square-feet, which it leases from the Owners. The facility includes a storefront, storage area and office space. Offering these product and services requires a Funeral Director and Embalmer License, a facility with tools and equipment as well as 12 personnel with industry experience. The Company has a proven track record supported by 15 years of ongoing business. With its niche range of products and services, the Company’s marketing efforts focus on targeting individual customers within two specific communities in Texas as well as surrounding areas. Revenues have been increasing approximately 7% over the past four years due to a strong local reputation and growing population. In 2018, the Company’s total revenue was $1,750,884 with Seller’s Discretionary Earnings of $370,00 rounded. With a large customer base and solid reputation, the Company continues to attract new customers while maintaining its reputation with existing ones.
The Company uses a 2 to 3 times markup on their merchandising products and strive to obtain a 30% to 40% profit on all funeral services.