Funeral home values have risen and fallen over the years based on Wall Street's opinion on the viability of funeral service, the cost of borrowing, and lately on the health of the economy.
Nowadays, challenges abound in a once stable and predictable profession. Opportunities still exist for the smart funeral business buyer if the numbers work.
With the increasing demand for valuations (calculations or formal appraisals), the quality and timeliness of our reports remain vital to our clients. We are pleased to announce that due to an increase in requests, we have expanded our valuation services through our affiliation with Steve Egna of Teal, Becker & Chiaramonte, CPA's PC of Albany, New York. Steve is a Certified Business Appraiser (CBA) and a Certified Merger & Acqusition Advisor (CM&AA); he received a Masters in Management from the J.L. Kellogg Graduate School of Management.
Steve Egna and David Nixon met while attending the same series of business appraisal courses years ago. Since then they have collaborated on numerous funeral home valuations. David's 30 years experience with a focus on funeral service coupled with Steve's broad background in finance and small business appraisals, allow a rare synthesis, blending the knowledge of an industry specialist with a diversified valuation expert. This productive collaboration captures the big picture, keeping a real perspective on funeral service and its relationship to other types of businesses.
We believe that funeral home owners who know where they stand financially are better equipped to make decisions for their future as well as the future of their business.
Ultimately if you, like most owners, rely on the value of your business for a comforable retirement, it stands to reason that you should know the worth of your most significant asset.
Through a combination of valuation theory and practical experience along with an intimate understanding of funeral business, we help you answer the big question - "What is my funeral business worth?"
Call us at 888-541-9560 and we can help you plan for your future.