![]() ![]() If you get some key factors wrong before starting your own funeral home services, then you are likely going to struggle to stay afloat. If you are contemplating starting your own funeral home business in the United States, you should ensure that you carry out a thorough market survey and feasibility studies. Nonetheless, continued competition from discount retailers and the ease of online ordering from casket manufacturers, as well as a rise in low-priced cremations, are expected to curtail prices for funeral home operators. No doubt, as the population ages, it is obvious that the number of deaths in the United States and all over the world is anticipated to increase and this will in turn create market for the funeral home industry. However, the industry’s revenue is projected to grow slightly in the next five years. So also families that are not financially buoyant opt for discount retailers and manufacturers to purchase caskets, which negatively impact revenue generation for funeral home operators. It is important to state that in the falling per capita income during the recession period and of course a rising number of low-priced cremations have hampered the revenue generated in the industry. Statistics has it that in the United States of America alone, there are about 24,838 licensed and registered funeral homes responsible for employing about 121,936 employees and the industry rakes in a whooping sum of $16bn annually with an annual growth rate projected at 1.3 percent. The Funeral Home Services industry is indeed a very large industry and pretty much thriving in all parts of the world especially in developed countries such as United States of America, Canada, United Kingdom, Germany, France, Australia and Italy et al. So also, funeral homes generally sell coffins and urns, they have a hearse for transportation of bodies, a flower car, and limousines et al. It is the practice for funeral homes to have one or more viewing rooms, a preparation room for embalming, a chapel, and of course a casket selection room. The owners of these families run funeral homes usually hires two or three other morticians / undertakers as either full – time employees or part – time employees. As a matter of fact a large percentage of trained morticians and undertakers et al work in small, independent family run funeral homes. In the united states of America, most modern day funeral homes are run as family businesses. The Funeral Home industry comprises of funeral homes combined with crematories on the other hand, businesses whose core business activities is to conduct cremation are not included in the Funeral Home industry they are classified under the Cemetery Services industry Funeral homes are also involved in the transportation of the dead and the sale of caskets and other related funeral merchandise. The funeral home industry includes companies that conduct funerals and prepare the deceased for burial or interment. Industry OverviewĪ funeral home which can also be referred to as a funeral parlor or mortuary is a business that basically provides interment and funeral services for the dead and their families these services may include a prepared wake and funeral, and the provision of a chapel for the funeral. A Sample Funeral Home Business Plan Template 1. If you don’t have this basic quality, you might not succeed in this business. It is important to know that this kind of business is not for everyone, it is for those who naturally can comfort and care for bereaved people whether money is involved or not. If you are in doubt if this kind of business is worth investing in, just try and do a research on existing funeral homes in your area and you will be shocked to know the amount of money they make monthly. In starting a funeral home, you will be expected to have a standard Casket Carts, Casket Lowering Devices and Accessories, Preparation Room, Embalming Chemicals, Cremation Supplies, Mausoleum, Urn Vaults, Vases, Burial Garments, Waste Containers, Lawn Boards, Straps and Slings and Chairs & Accessories. ![]() Some countries consider these as the basics, while in some other countries you could get a waiver for it. The basic things needed to be able to operate a funeral home could range from getting a license to even getting a certification. ![]()
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