How can you make your business more profitable?Īdditional charges can be applied for cremation services, obituary announcements, graveside funerals and online memorial programs. However, it will likely take several years for the funeral home business to reach this point of profitability. How much profit can a funeral home make?Ī funeral home business located in the right area with plenty of senior citizens has the potential to make hundreds of thousands of dollars per year. However, it is possible to charge more if your funeral home business offers extra services.
WATERMAN FUNERAL HOME BUSINESS CARD PROFESSIONAL
This cost includes embalming, cosmetics, viewings, transportation expenses and professional charges. The typical funeral costs around $6,000 to $7,000. How does a funeral home make money?Ī funeral service makes money by selling caskets, cremation services, funeral services, flowers, urns and other items/services related to death. The ideal customer is willing to spend top-dollar on funeral services. Additional support staff will likely earn $10 to $15 per hour.
A funeral home receptionist will earn around $10 to $12 per hour. An accountant will command an annual salary in the range of $35,000 to $75,000. A marketing guru will require an annual salary of $35,000 to $55,000. Your funeral home business manager will command a salary between $35,000 and $65,000 per year. Utilities including high-speed Internet will cost between $100 and $200 per month.
Budget at least a couple hundred dollars per month for marketing. Rent will likely run between $700 and a couple thousand dollars per month depending on the building's size and location. Add in the costs of hydraulic lifts, refrigerated storage, an embalming table, embalming fluid, caskets, makeup, clothing and urns and you should budget in at least $5,000 to $10,000 per year for equipment.Ĭonsider contacting a real estate agent to find an affordable building to rent where you can operate your funeral home business. A single embalming machine costs around $3,000 or more. What are the ongoing expenses for a funeral home?Ī funeral home must pay for its operating space, labor, utilities, marketing, caskets and equipment for embalming and cremation. The viewing area will require tables and couches. The business requires laborers, insurance, operating space and a parking lot. Caskets must be purchased along with clothing and additional convenience items. A cremation table, cremation system, hydraulic lifts, refrigerated storage, computer, printer and filing system are necessary. What are the costs involved in opening a funeral home?Ī funeral home business requires equipment for embalming and cremation. Luckily we have done a lot of this research for you.
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