You can purchase an established funeral home.
A funeral home is one type of business that is safe in any economic situation. Purchasing an established funeral home provides work for a lifetime. Understanding the obligations and staffing are the first steps in making your purchase.
Financing
You can purchase a funeral home privately with a loan, or through a corporation. Specialty corporations and lending institutions (see Resources) buy, or privately fund the purchase of, funeral homes. The price of a funeral home should include equipment, chemicals and vehicles registered to the funeral home.
Regulations
Upon purchase of a funeral home, the buyer will need to have the facility reassessed by the Occupational Safety and Health Administration (OSHA) and a member of the state health department. Both inspections must be complete before the home can accept new clients.
Merchandise
If merchandise was not part of the purchase price, the new owner will need to purchase display caskets, urns and burial vaults from local distributors. You may also want to purchase memory packets, memorialization products and temporary grave markers.
Staff
New buyers, who are not registered funeral directors, will need to hire appropriate staff members. Laws regarding staffing a funeral home vary, based on state regulations for funeral directors and embalmers.
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