If you are looking for a sample funeral home business plan template, here is a business plan for starting a funeral home company and free feasibility study example you can use.
NEW FUNERAL HOME BUSINESS PLAN SAMPLE PDF / DOC
An adage goes thus “Nothing is certain except death and taxes”. If this is true, (and it is true), then someone has to prepare the bodies for interment. This is exactly the function of funeral homes. They are involved in preparing the body (i.e. washing, dressing, embalming and putting the body in a casket) for burial. And some funeral homes also engage in planning the burial event itself.
A bereaved family may not have the emotional strength or skill to prepare the body of their loved one for interment. This means there will always be a market for funeral homes, since deaths can’t be avoided, at least in the long run.
Therefore, seeing that there is a lot of money making potential in the funeral industry, here’s a Funeral Home Business Plan to help you set up your own funeral home.
Business Name: Whitewalker Funeral Homes Inc.
- Executive Summary
- Our Products and Services
- Vision Statement
- Mission Statement
- Business Structure
- Market Analysis
- Sales and Marketing Strategy
- Financial Plan
- Competitive Advantage
Founded in 2007, Whitewalkers funeral home offers a number of funeral related services. These include embalming of corpses, dressing and provision of caskets, memorial materials and urns amongst other services. This business is run by Mr A. Whitewalker and family, who bought the business from the Blakes about 5 years ago.
Mr Whitewalkers studied embalming and restorative art techniques at the institute of Funeral directing Colorado Springs. Mr A. Whitewalker is a very experienced funeral director. With 15 years’ experience in this filed. He worked with A and B funeral homes in the Denver area before moving to Washington DC to open his own practise.
There’s no dearth of customers as far as this business is concerned. Therefore, with good management skill and finance, this business could actually grow into a multimillion dollar business.
Our Products and Services
Our products and services include embalming and dressing of corpse, sales of coffins, cremations services. We also specialize in transportation of human parts all over the country and also across the globe. Whitewalkers Funeral homes also helps in planning funeral services, from choosing a venue and also getting someone to coordinate the burial or cremation ceremony depending on the family’s religion or lack of it.
And finally at Whitewalkers, we engage in different kinds of interment, from various kinds of burials to cremation and even mummification if that’s what is wanted.
Our vision is to be one of the biggest and most popular funeral home in the Washington DC area.
Our mission is to ease the effect of the transition of a loved one on the family members. By providing top notch services which will ease the stress of the bereaved family. We hope to continually provide these services at very competitive prices.
This business is a family business and it is owned and run by the Whitewalkers, with Mr Allen Whitewalkers at the helm of affairs. We have been also very careful with how we employ our staff.
One trait we look out for in our staff is their ability to comfort the bereaved. And also tolerate customers’ misbehaviours; this is because we understand that people behave different when a family member is bereaved.
The funeral industry has an advantage over many other industries because people will always die. Therefore there will always be a steady stream of customers. With the expected death rate to increase by 1% every year for a ten year period, there’s also an expected growth in the funeral industry. Therefore a lot of profit is projected for those into this business. Last year the funeral industry made over $16billion in the U.S.
Everyone dies, so basically everyone is our target market. Now that being said, there are specific groups of people we shall take our marketing to. They include mortuary owners, insurance companies and hospitals amongst others.
Sales and Marketing Strategy
So the funeral industry has different segments based upon religion, tribe and people wants and preferences. So we are employing part time morticians/funerals who are skilled in various religious burial styles.
We will also use the internet as a very important advertising tool, since most people go on the internet to search for things before buying them physically.
We need a loan of $1 million to expand the business. This loan will help us acquire more funeral vehicles, 2 actually, expand our car park and then finally expand our services.
In the Washington area we are the only funeral parlour who have experts in various interment styles as they vary according to religion and ethnicity. And with that we know soon we’ll be having problems meeting our demands.
Here’s a funeral home sample business plan, so if you are interested in having a funeral parlour, here’s a business plan.