Are you interested in selling your current funeral home or buying a new funeral home to expand? One of the many people that you will work through during the process is a funeral home broker. With other types of real estate, you would work with a real estate broker, but because death care industry businesses have such specific requirements, there are special funeral home brokers that only work with businesses like yours.
What Are Funeral Home Brokers?
Business brokers work with current business owners to sell businesses that they own or prospective business owners who are interested in purchasing already-established businesses. Funeral home brokers are simply business brokers that work in the death care industry. There are many different reasons why working with a broker is beneficial. They work in the industry, so they understand how to accurately price your business, set things up for a seamless transition, and negotiate with interested buyers.
Because funeral home brokers also are typically paid through a commission off the sale or purchase of a business, they work their absolute hardest to create win-win situations. Death care businesses have unique permits, licenses, and specialized situations involved, which is why it’s best to work with funeral home brokers instead of more generic business brokers.
What Do Funeral Home Brokers Do?
As you probably already know, many death care industry businesses are owned by families. They play critical roles in their community, as they support other families during the most difficult times in their lives. Because of these deep emotional bonds, it can make it much harder for sales to take place without losing business or customers. Funeral home brokers understand how to find qualified buyers who already work in the industry or who have the experience necessary to deliver these critical services to your community.
Why Should You Choose Funeral Home Brokers Over Other Business Brokers?
Accurately pricing small businesses to sell and coordinating the seamless transfer to new ownership is not easy, and it’s even harder when the business in question is a funeral home. Funeral home brokers have a wealth of experience and understand how to help you transition your life’s work to a new owner, or how to help you find the best funeral home to purchase.
Financial Planning for Every Death Care Services Industry Business from MKS&H
MKS&H provides tax and accounting services to businesses of every size and in every industry, including the death care industry. Our team can help your business gain confidence in your important accounting reports and make better, more educated financial decisions. Contact us today for a consultation.
About MKS&H: McLean, Koehler, Sparks & Hammond (MKS&H) is a professional service firm with offices in Hunt Valley and Frederick. MKS&H helps owners and organizational leaders become more successful by putting complex financial data into truly meaningful context. But deeper than dollars and data, our focus is on developing an understanding of you, your culture and your business goals. This approach enables our clients to achieve their greatest potential.