The single largest cost of running a funeral home comprises salaries, benefits and employment taxes. Together, they make up employee compensation. In the 1980s, when some casket companies spent $250,000 on their NFDA booth build-out and another million dollars on an extravagant cocktail party during the convention, the cost of goods was about 20% to 25% of revenue while compensation typically ranged from 26% to 40%.
How to Start a Funeral Home Business in Your Community: A Complete Guide
Starting a funeral home requires a blend of compassion, organization, and business acumen. It’s a unique venture—one that serves families in some of their most difficult moments, while also requiring strict compliance with licensing, facilities, and ethical standards....