Ask the Analyst

Have you considered selling your funeral business but didn’t know where to begin? We understand that the decision to sell can be overwhelming. We asked Jared Tanke to walk us through the process from start to finish. Question: What does it looks and feel like to sell my funeral home?  Jared Tanke: You may have had conversations with your fellow funeral home owner friends, and I am sure the topic of selling has come up. Maybe one of your friends has recounted his or her experience in selling, and you may have heard several buzzwords, including a “multiple” which is very common language when talking about a business acquisition. But what do these people actually go through? What does the process of selling your funeral home look and feel like? It is such a big life event, and there are […]

If you are planning to sell your funeral home or cemetery business, there are many factors to consider. One that is extremely important in 2023 is the rise of interest rates. Our M&A Analyst, Sierra Heil provides her insight on this vital question. Question: How can I sell my business if interest rates are rising? Sierra Heil: Over the past 20 years, the deathcare industry has undergone significant consolidation. Many industries have become more focused on convenience and value leading to the emergence of large national chains in an industry that at one time was entirely run by independent local providers. As the baby boomer population ages, many people live outside of the areas they were born or away from younger family members, and families often appreciate when firms offer a wide range of services and options for their loved ones. […]

Is one of your goals for 2023 to sell your funeral home or cemetery business? While we are still in the first month of the year, there are various things you need to start now in order to make the transaction a success by the end of the year. Our Senior M&A Analyst, Jared Tanke is back to provide informative insights and the steps you need to take to get the transaction process started. Question: It is my business goal to sell our funeral home in 2023. What do I need to do now? Jared Tanke: To sell your funeral home in 2023, you should start by assessing the current market conditions and determining the value of your business. This is a service that Foresight recommends to all of our clients who are looking to sell, so you can have […]

Have you ever wondered why your Gross Profit Margin has such importance when analyzing the strength and performance of your funeral or cemetery business? It is a question that we receive quite often when working with our clients. Our Financial Analyst, Taylor Weber provides informative insights on this important element of your business analysis. Question: Why is Gross Profit Margin important when Foresight performs their Strategic Performance Analysis for my business? Taylor Weber: The Gross Profit Margin is one of the most significant measures for determining your business’s profitability and financial performance. Gross Profit Margin is defined as “a metric that analysts utilize to measure financial health by calculating the amount of money left over from total sales (or revenue) after subtracting the cost of goods sold (COGS) that is sometimes expressed as a percentage of total sales/revenue.”  The general […]