- The average profit for a funeral home is between 6 and 7 percent
- The median funeral cost was $7,360 as of 2018
- There were over 19,000 funeral homes in the United States in 2018
A funeral home must have staff and facilities for planning and coordinating services. It also must carry products like caskets and urns for families. The revenue is from services and products. Profitability varies by location, competition, and services. The average margin is 20-25 percent, making funeral homes lucrative. Careful planning and attention to detail are still required.
A funeral home in the right area can potentially make thousands per year. It may take years to reach this level. Since the population is aging, demand is increasing. Factors affecting profitability include management style and business structure.
Morticians prepare deceased people for funerals. They provide services like hair styling, makeup, nail care, and funeral planning. The mortuary staff are highly trained professionals. The mortuary keeps bodies refrigerated. Morticians carefully handle remains and prepare them for viewing and burial through embalming. There is growing demand for mortuary equipment like heavy-duty body bags and biodegradable mushroom coffins, signaling future opportunities in the global market.