African American Firm in Illinois
By wpengine
Asking Price
$1,350,000
SDE
$463,225
EBITDA
Industry
$463,225
Funeral Homes
Gross Revenue
Location
$805,964
Illinois
Esteemed funeral services provider with a rich heritage in Northeast Illinois, established in 1997, is on the market. Committed to compassion and community support, this business boasts a state-of-the-art facility, including a scenic chapel with a seating capacity for nearly 200 occupants and a modern, OSHA-certified mortuary. With a steady increase in yearly revenues, reaching over $290k in Seller's Discretionary Earnings (SDE) in 2022, the funeral home is poised for continued success. Assets include multiple adjacent properties to enhance service offerings. A turnkey operation awaits, promising a seamless transition for the new ownership.
Internal ID
23008
Year Established
1997
FF&E
N/A
Inventory
N/A
Inventory Included
Yes
Real Estate Included
Yes
Reason for Selling
The business owner wishes to pass on the legacy to a motivated entrepreneur while pursuing other interests and ensuring the continuity of quality service to the community. Plans are in place for a smooth transition, with negotiable training terms to ensure the new owner's success.
Facilities & Assets
The funeral home occupies a central and accessible location in Illinois, offering comprehensive facilities for all aspects of funeral services. The site includes a beautifully appointed scenic chapel, private parlors, consultation rooms, and a state-of-the-art mortuary. Several adjoining lots provide ample parking and the potential for future expansion. All premises are maintained at high standards, reflecting the business's dedication to providing a dignified and serene environment for bereaved families.
Growth & Expansion
Growth opportunities for this funeral home could involve expanding pre-planning services and community outreach programs. Exploring digital memorial services and leveraging social media can amplify its presence and provide additional revenue streams. The existing real estate assets offer flexibility for physical expansion or diversification of services, potentially increasing market share and customer base.
Asking Price: $1,350,000
SDE: $463,225
EBITDA: $463,225
Industry: Funeral Homes
Gross Rev.: $805,964
Location: Illinois
Esteemed funeral services provider with a rich heritage in Northeast Illinois, established in 1997, is on the market. Committed to compassion and community support, this business boasts a state-of-the-art facility, including a scenic chapel with a seating capacity for nearly 200 occupants and a modern, OSHA-certified mortuary. With a steady increase in yearly revenues, reaching over $290k in Seller's Discretionary Earnings (SDE) in 2022, the funeral home is poised for continued success. Assets include multiple adjacent properties to enhance service offerings. A turnkey operation awaits, promising a seamless transition for the new ownership.
Internal ID: 23008
Year Established: 1997
FF&E: N/A
Inventory: N/A
Inventory Included: Yes
Real Estate Included: Yes
Reason for Selling
The business owner wishes to pass on the legacy to a motivated entrepreneur while pursuing other interests and ensuring the continuity of quality service to the community. Plans are in place for a smooth transition, with negotiable training terms to ensure the new owner's success.
Facilities & Assets
The funeral home occupies a central and accessible location in Illinois, offering comprehensive facilities for all aspects of funeral services. The site includes a beautifully appointed scenic chapel, private parlors, consultation rooms, and a state-of-the-art mortuary. Several adjoining lots provide ample parking and the potential for future expansion. All premises are maintained at high standards, reflecting the business's dedication to providing a dignified and serene environment for bereaved families.
Growth & Expansion
Growth opportunities for this funeral home could involve expanding pre-planning services and community outreach programs. Exploring digital memorial services and leveraging social media can amplify its presence and provide additional revenue streams. The existing real estate assets offer flexibility for physical expansion or diversification of services, potentially increasing market share and customer base.
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African American Firm in Illinois
Asking Price
$1,350,000
SDE
$463,225
EBITDA
Industry
$463,225
Funeral Homes
Gross Revenue
Location
$805,964
Illinois
Esteemed funeral services provider with a rich heritage in Northeast Illinois, established in 1997, is on the market. Committed to compassion and community support, this business boasts a state-of-the-art facility, including a scenic chapel with a seating capacity for nearly 200 occupants and a modern, OSHA-certified mortuary. With a steady increase in yearly revenues, reaching over $290k in Seller's Discretionary Earnings (SDE) in 2022, the funeral home is poised for continued success. Assets include multiple adjacent properties to enhance service offerings. A turnkey operation awaits, promising a seamless transition for the new ownership.
Internal ID
23008
Year Established
1997
FF&E
N/A
Inventory
N/A
Inventory Included
Yes
Real Estate Included
Yes
Reason for Selling
The business owner wishes to pass on the legacy to a motivated entrepreneur while pursuing other interests and ensuring the continuity of quality service to the community. Plans are in place for a smooth transition, with negotiable training terms to ensure the new owner's success.
Facilities & Assets
The funeral home occupies a central and accessible location in Illinois, offering comprehensive facilities for all aspects of funeral services. The site includes a beautifully appointed scenic chapel, private parlors, consultation rooms, and a state-of-the-art mortuary. Several adjoining lots provide ample parking and the potential for future expansion. All premises are maintained at high standards, reflecting the business's dedication to providing a dignified and serene environment for bereaved families.
Growth & Expansion
Growth opportunities for this funeral home could involve expanding pre-planning services and community outreach programs. Exploring digital memorial services and leveraging social media can amplify its presence and provide additional revenue streams. The existing real estate assets offer flexibility for physical expansion or diversification of services, potentially increasing market share and customer base.
“Things moved very quickly and we couldn't have had a better experience”
Laurie, successfully sold their funeral home
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