- Cemeteries make money by selling goods and services like burial plots, headstones, and grave digging. They generate revenue from funerals through agreements with funeral homes. The funeral home refers customers and the cemetery charges a commission.
- Cemeteries that still have space available make money through plot sales. Full cemeteries generate income through opening and closing graves, typically charging as much as the plot price for digging and burial. This fee is higher on weekends and holidays.
Sustaining Income for Full Cemeteries
- Revenue Generation: Opening and closing graves, selling flowers/headstones, expanding burial grounds.
- Legal Requirements: Most states mandate setting aside a percentage of revenue for future maintenance.
- Financial Viability: Initial high costs offset by long-term plot sales and catering to diverse budget ranges.
- Financial Scenarios: Estimates of revenue and profit margins in the initial years of operation.
- Additional Services: Offering gravestone installation, memorialization, maintenance, repair, photography, record-keeping to sustain income.
I hope this helps! Let me know if you need further assistance.