Mortuary - Funeral Provider - PRICE REDUCED

Not Disclosed, CA
Los Angeles County


Asking Price: Annual Revenue:
$225,000 $806,010

Services: Non-classifiable


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RE: Mortuary - Funeral Provider - PRICE REDUCED Broker: Marshall Pollock

Quick Facts

Asking Price: $225,000
Annual Revenue: $806,010
Net Profit: Not Disclosed
Cash Flow: $70,939
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 1920
Employees: 6
BBN Listing #: 633633008
Broker Reference #: 2401-960412

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Business Overview:

A multi generation family Mortuary and Funeral provider in Southern California serving primarily Los Angeles and Orange Counties. Providing Cremation Packages,Traditional Packages and Merchandise. Prices starting as low as $710 for a simple cremation to $1800 plus casket for a traditional services. Providing transfer to mortuary, services of funeral director and staff, embalming and professional care, use of facilities and staff for funeral services and funeral coach to cemetery. Currently 85% of the revenue is from cremation related services. Currently averaging about 700 clients per year with a historical high of about 950.

The business has a variety of merchandise to see on site. The facility provides a very comforting environment in which the family can choose the best for themselves and their loved one. The facility does not have a crematorium but has a great relationship with one that provides the service offsite.

The facility is owned by the family and is located on a 6,000 sq. ft lot with 2 stories of approximately 4800 sq. ft and a small parking lot. It has been in the same location for more than 35 years. The business requires a Licensed Funeral Director and a Funeral Establishment License. The business has 5 full time employees,1 part time and 3 contractors.

The owners are very motivated and ready to retire. There are no family members that wish to carry on the legacy. Revenue for 2020 was approximately $800,000 with a SDE of $70,939. There is an active PreNeed trust of approximately $1,700,000 that contributes about $100,000 to the yearly revenue. The business is NOW offered at $225,000 and includes approximately $10,000 of inventory and $15,000 for FF&E. The sellers are offering reduced rent of $5,000 per month for the first 2 years,The building and business are also available for $1,500,000

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Property Features and Assets:

Established over 100 years ago and moved to California in the 1920's. Current owner is 4th generation. Operating out of the current location since 1985 2 story stand alone building - corner location

Market Competition and Expansion:

Good central location with great reputation. Personal service by owner operator sets them above the chain mortuaries. Expansion of marketing to the vast population in relative close proximity. Potential to increase prices as currently below market

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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