January 27, 2026
Published by 
Axel Jean-Francois on January 27, 2026
Axel Jean-Francois on January 27, 2026Based on mainstream 2026 forecasts, here’s what funeral professionals need to watch. Interest Rates and Business Borrowing in 2026 Let’s start with the big, invisible hand everyone’s felt but no one invited: the Federal Reserve. The Fed controls short-term interest rates by setting the “federal funds rate,” basically what banks charge each other to borrow money overnight. It’s not thrilling—but it drives everything from mortgage rates to commercial loans to your credit card APR. In 2026, that rate is projected by major banks and federal agencies to hover around 3.5–3.75%, down from the 2023 highs, but still miles above the near-zero era of the 2010s. For funeral homes, that means: higher payments on expansion loans, pricier lines of credit, and less room for error if calls dip. On a $1 million, 10‑year note, even a couple of percentage points equals […]
December 22, 2025
Published by Axel Jean-Francois on December 22, 2025
Axel Jean-Francois on December 22, 2025How Psychology, Expectations, and “Cold Feet” Shape Funeral Home Successions When people talk about selling a funeral home, the conversation usually jumps straight to valuation multiples, EBITDA, and financing structures. The math, of course, matters. But in real succession scenarios, the numbers are rarely what determines success or failure. The real variable is human behavior. Recently, our team advised on a multi-generation funeral home transition involving a century-old firm in the Midwest. For confidentiality, we’ll refer to it as Heritage Funeral Group. The situation was not unusual by the profession’s standards, but it was revealing in all the right ways. It showed, in real time, how legacy, emotion, and expectations collide once a transition stops being theoretical and starts becoming real. And it’s a preview of what much of the profession will face over the next decade as long-tenured owners […]
December 22, 2025
Published by Axel Jean-Francois on December 22, 2025
Axel Jean-Francois on December 22, 2025A December reflection I came across that video again the other night. Somewhere Over the Rainbow / What a Wonderful World. Israel Kamakawiwoʻole. Most people know the song. Fewer people stop to consider what they’re actually watching. It isn’t a music video. It’s a tribute. Ashes being scattered. A community present with intention. No narration. No explanation. Nothing telling you what to feel or how to interpret it. And yet it works. More than a billion views. A billion quiet pauses. People stopping for a few minutes longer than they planned to. There’s no optimization behind that. No framing. No attempt to guide the reaction. Just something human, landing where it lands. What makes that interesting is the story we often tell ourselves alongside it. That people are moving away from funerals. That ritual is fading. That services are becoming […]
August 28, 2025
Published by Axel Jean-Francois on August 28, 2025
Axel Jean-Francois on August 28, 2025How one legacy funeral home chose change over a quick sale—and made payroll boring again. Names, locations, and certain details have been changed to protect client confidentiality. “No stories,” the banker said. “Show me what changed.” Jordan slid a single page across the table—discounts frozen, comp corrected, Tuesday cash huddle, and a date circled in ink: the day the 36% note would die. Payroll hit in six days. Miss it, and a generations-old reputation cracks in one afternoon. Six weeks earlier, the partners at Harborstone Memorial—an East Coast firm serving a tightly knit, heritage-rich community—had considered selling to close out their mortgage. Instead, they tried something harder: change the way they ran the place—fast, in order, and with receipts. This is the ninety-day play that made that choice real. The slide (and the line they wouldn’t cross) It never starts […]
August 28, 2025
Published by Axel Jean-Francois on August 28, 2025
Axel Jean-Francois on August 28, 2025Why lenders only pay for profits they can trust—and how every funeral-home leader, from CEO to apprentice, can keep theirs real A COVID-Era Deal That Didn’t Survive Diligence In 2021, “Cascade Memorial” (Pacific Northwest) signed an LOI a bit over $4M. Lenders’ Quality-of-Earnings (QoE) review knocked nearly 20% for overstated preneed revenue and one-off COVID relief credits. The sellers walked; two years later the home sold closer to $3M. That gap wasn’t a market glitch—it was profits a lender didn’t trust. Why this matters (to everyone) • Public-company CFOs: figures must stand up to board and banker scrutiny. • Independent owners: no surprise haircuts at closing. • New apprentices: numbers tell your story—learn the clean version first. With near-9% rates and shifting service mix, lenders ask not just “How much did you make?” but “How confident are we you’ll make […]