In this industry spotlight, we want to highlight key insights into business succession. Every business will be sold or liquidated someday. Given the choice, sold is usually much better. Today there are about 19,000 funeral homes in the United States. This is down from about 21,000, only 20 years ago. To understand business succession metrics, you need to understand the following: How we lost 2,000 funeral homes? When did the total population has increased by about 20,000,000 Americans? What is the Average Age of American’s increased slightly? When did the mortality rate increase? We lost these businesses as active businesses because three dynamics: The business real estate was more valuable for general commercial purposes than it was as a funeral home The profitability of funeral homes is limited and as expenses increase, especially for staff and benefits, the profit decreases […]