A note from the Founder
"The mission of the Funeral Home and Cremation Service is to bring people together to celebrate life and to offer compassion in their most difficult times. The funeral home will have facilities that bring families together with communities to memorialize the life of the deceased and strengthen bonds of social support. Our facility will be a focus of nonprofit energies to make the community a better place to live."
~ Aaron Mizen, President & CEO
Locations & Facilities
This is a new funeral home located in Manchester, NH. The funeral home is a turn-key operation, and has been in an existence for over 140 years with an outstanding reputation in the community of Manchester and has a solid client base.
Technology
The Funeral Home and Cremation Services will utilize the latest technology and software to run a lean business model. The software utilized will be industry and facility specific for all record keeping transactions. All records for "at need" usage will be a digitally, cloud based stored, to alleviate the need for storing and retaining hard copies of documents. All pre-funded arrangements will be retained on a hard copy basis until the "at need" usage occurs. Technology will also be implemented to help families celebrate their loved one's life via digital and video presentations, web casting and so on. A point-of-sale system that is compatible with current accounting software will also be used. Since the funeral home will have a digital inventory of all merchandise, an e-commerce engine for the website will be employed.
STARTUP COSTS
The estimated cost for all items needed for the initial set up of the preparation room is approximately $18,300. A specialty purpose utility vehicle will be purchased to help facilitate all of the logistical requirements for the funeral home. The projected cost for the vehicle will be approximately $20,000. This vehicle will be purchased at beginning of operations.
Forecasting
The Funeral Home and Cremation Service has an initial revenue projection for FY 2020 with approximately $200,000 in gross annual receipts. The projected growth is approximately $120,000 annually until market saturation has been achieved by year five (FY 2024) at $640,000. By the time market saturation and maturity has occurred in FY 2024 net profit will be approximately $180,000 on an annual basis. A deeper dive into our pro forma financials can be found in the data room section of our listing page.
