Cremation Industry Overview
The cremation industry is a $3-5 billion and growing business. The average cremation price is $2,000. With a 30% profit margin, in your first years you might do two cremations per week, bringing in $208,000 annual revenue and $62,000 profit. As your business grows to four cremations a week, you would make $125,000 profit on $416,000 annual revenue. Crematorium executive salaries average $60,000.
Profitability and Operations
Offer services around this industry as alternative revenue sources, like memorial ceremonies or ash scattering, while providing a simple and affordable cremation process. This gives families a comprehensive experience while you generate additional revenue. The average annual revenue is $250,000-$500,000.
You likely run your crematorium business from an office or storefront, not your home. The work requires physical activity, repetition, and 24/7 availability. There is high liability.