This funeral home and 4 cemeteries in the State of AL are very entrenched in their communities and have suffered in the past 12 months. They were acquired from the state of AL in receivership in 2007 and dramatically improved and enhanced. In late 2012 the partnership dissolved and the businesses began to suffer, with employee theft and mismanagement. Currently two of the locations have no pre need licensed sales persons and one location does not have an onsite staff funeral director and has to utilize an outside licensed professional.
This is a rare opportunity to acquire some great homes with fantastic upside for the right industry professional. Seller needs cash offer in excess of $4.25mm for all or can be sold individually. Not at risk of foreclosure or short sale. This is an opportunity to acquire nice facilities that need TLC and an industry professional. Sales could be doubled within 3 years with proper management and staffing.
Locations will need Cap Ex for some equipment in the $100k total range to properly function. Currently some maintenance is being outsourced and is costly. Current staff and onsite managers willing to stay on and some are very dedicated to the businesses and communities. Is being sold for far less than asset value. Priced for quick sale.