6 Bizarre Real Estate Opportunities
You won't find a Sunday morning open house at the typical funeral home. In keeping with the overall atmosphere of these establishments, offerings will surely be a bit more discreet.
The reality, however, is that there is brisk business in the buying and selling of mortuaries, funeral homes, crematories and even cemeteries.
Unlike churches, which are increasingly being bought for condo conversions, most funeral home sales are business deals.Once again, reading trade publications, magazines and contacting trade organizations will help find leads. There are also specialized brokers, such as New York-based American Funeral Consultants, that specialize in funeral home transactions. Among the services brokers can offer is crafting an Earnings Before Interest, Depreciation and Taxes Report to value the business and negotiate a price.
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