Re: Cemetary Investment - Posted by Rick, the Probate Guy
Posted by Rick, the Probate Guy on June 27, 2008 at 17:04:06:
As in every special use property, whether a bowling alley, oil well, assisted living facilities, it’s pretty darn important that a prospective buyer understand that, largely, what you’re buying is mostly a business.
A cemetary is a long term deal and I don’t think it’s for the faint of heart. In CA, we’ve seen increased litigation due to “problems” with burial, services, security issues, etc. I can’t imagine anyone who would voluntarily try to get into this business without some strong background.
I think the trade magazines is a great idea, too.
Lastly, my family on my Dad’s side is in the ambulance and mortuary business in a large way. I doubt that they’d miss a chance to make a buck by completing their vertical integration strategy with cemetaries, and they’ve never shown any interest in this. That doesn’t make it true, but it sure makes a strong statement about no missed profit to me.
To the original poster, let us know what you end up doing; this will be a first time at creonline.com