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Profitable Crematory with Assets

Listing: #OR00220
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Poncho Claudio

Broker | Manila-Ortigas Center

Poncho Claudio

poncho.claudio@linkbusiness.ph

+63 2 900 8000

+63 920 974 0820


About this Business for sale in

Profitable Crematory with Assets

 

The Crematory’s capacity is about 200 services per month at P16,000 per service VAT Inclusive. 90% of clients are from Funeral Homes.  The Assets still have an inventory of about 9,600 Units with a Selling Price of P53,000 inclusive of Perpetual Care Fees* and VAT.  Monthly income from Cremation averaged P500,000 while Unit Sales averaged P2,000,000 per month.

*one-time payment included in the selling price of each vault for care and maintenance.

In total there are about 9,600 units still available for sale and 1 crematory machine. The Crematory offers superior bereavement services and provides family-like personal loving care. The team ensures that every customer is well taken cared-off with empathy – addressing their needs and desires for the final resting place of their loving departed.

Cremation services averages 200 per month. As a result it is one of the most popular stand-alone crematories in the country. Each of their cremation services is equated with the best service offerings given their market and segment, which they are known for. On the average each cremation service lasts about 1.5-2 hours using their present machine from Korea. A plan of adding another machine is being considered with a production burning capacity of only 45min rendering it fuel-efficient.

Revenue from cremation ranges from P1.5M to P1.9M monthly or P20M per annum. Cremation services are from a combination of at-need services (walk-ins) and from partner mortuaries with payments on a 98% cash-basis.

90% of the clients are from Funeral Homes who prefer cremation before or after memorial services. This has resulted in business success and longevity over the years. As a corporate strategy, they have opted not to perform memorial services as it competes against their B2B clients or funeral home partners.Cremation is currently priced at Sixteen Thousand Pesos VAT Inclusive (P16,000.00).

Included in the sale are 120 active agents under 3 marketing groups.  Additional financial data is available to serious buyers. 

Manila-Ortigas Center
poncho.claudio@linkbusiness.ph
+63 2 900 8000
+63 920 974 0820

Poncho Claudio

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.