Everybody dies. If there’s any enterprise that ought to stand the take a look at of time, it might be funeral properties and cemeteries. However once we take a look at the numbers, the stunning actuality is that it’s not really true. For two a long time, common funeral house income has been declining yearly. The variety of funeral properties has been shrinking yearly with increasingly closing their doorways.
In the present day, the American funeral business is considerably fragmented, seemingly unscathed by the M&A of company America. There are roughly 18,800 funeral properties in the US. There are about 1,000 crematoriums and 115,000 cemeteries. Service Company Worldwide is the biggest public funeral house company immediately, working 1,471 funeral properties and 488 cemeteries throughout 44 states. The corporate has 16% market share by income and 11% market share by the variety of funeral properties beneath its possession.
0:00 The Timeless Enterprise of Demise
4:52 Two A long time of Decline
6:16 Ashes to Ashes
9:16 Fragmentation + Consolidation
12:58 Funeral Houses vs. Cemeteries
15:52 Influence of Cremation
17:02 Billion Greenback Conflict Chest
19:24 Mud to Mud