Funeral Home Business Plan
U.S. funeral services are increasingly using ceremonies to commemorate death. This plan shows how Evergreen Life Memorial Center will be able to dominate any new category of funeral providers in AnyCounty, Oregon. It also details how the financing it acquires will be used toward this end.
The Center will be formed as an LLC in the Anytown metropolitan area. It will be solely owned by Stan Peters, an experienced funeral home director and embalmer, active in nonprofit and community activities.
The Evergreen Life Memorial Centre will offer Anytown and the surrounding areas a place to remember and celebrate the passing of a loved one. It also allows the living to find support and closure to help them move on with their lives. It will feature a reception space for social gatherings that can be held after the funeral. This will promote human connection and uplifting remembering. This is how the Baby Boomer generation is choosing to live. This facility will also serve as the foundation of the Center’s strategy of community involvement. It will help to quickly develop the Center’s reputation to attract business and benefit the charities it supports. To extend the celebration of the deceased’s life beyond the funeral, digital photos will be used at the reception and on our website.
The Center could reach its market share of $768 213 in four years based on the current average price nationwide. Current prices put the Center at $841,412. The average industry gross margin for funeral homes is 62.5 %. This plan requests funding of $225,000. It is expected that the Center will make an annual net profit approximately $194,000 during its fourth year of operation. Inflation will result in subsequent increases.
With the opening of the Evergreen Life Memorial Center for Death, people who have lost someone will be able to integrate into the community instead of being marginalized and stigmatized. A new center will be established for community involvement. This will allow the Boomer generation to live their lives as it used to.
1.1 Objectives
The Evergreen Life memorial Center celebrates a person’s life and provides social support to allow them to move forward with their lives. The Center will develop by Year 4, a reputation as the uplifting place for locally prominent persons of the Baby Boom generation to celebrate their lives when they end.
The Center will provide facilities to bring together families and communities in a way that celebrates and strengthens social support.
We will have digitalized photos and films of the decedent available at the reception and on our website.
Stan Peters will be involved in a variety of non-profit organizations that will have these facilities free of charge. This will:
- Establish positive associations and tie the Center into your community.
- You can build a strong reputation by organizing community events in the Center that local media will want you to mention.
- Do your best to serve the owner’s desire to help others and improve the neighborhood.
Stan Peters will be available to lead a local chapter for a non-profit that aids children with life-threatening illnesses, such as Make-A-Wish Foundation.
The Center will provide a funeral planning tool for estate attorneys to use with their clients.
Publicity campaigns will be used to support these efforts. Evergreen Life Memorial Center, “People remembering people.”
1.2 Mission
Evergreen’s Life Memorial Center’s mission aims to unite people to honor the end of life, and then to allow them to continue to live. The Center will have facilities that bring families and communities together to remember the life of the deceased and renew bonds of social support. The Center will serve as a focal point for nonprofit energies that make the community a better place.
1.3 Keys to Success
Since 71 percent of people choose a funeral home on the basis of reputation, the key to success is quickly establishing a reputation for this new category as the uplifting place for Baby Boomers to
Celebrate their life after they have passed.
Its reception facilities will be the Center’s foundation. They will encourage uplifting interactions with people following the funerals and can be used to support nonprofit organizations. This will make the Center more positive, make it more visible, make it more accessible, and make it a place for the living.
Digital photos and films from the lives of the people being honored will be displayed in the reception room and on the website. This website will make it easier for people to take part in the celebration of life even after the reception and funeral have ended.
The Center will be the center to honor the lives of local celebrities by offering the best quality caskets. This will generate publicity and promote our brand.