Buying a memorial plan company to expand reach and capacity

A memorial plan company is being sold to this quarters because the owner is old and simply wants to have nothing to do with business anymore

We are blessed that this is offered to us to buy;  It could be game changing move and bring us up to the next level.

Some pros why we should be doing this:

1. The price is a low 7 numbers.  A new memorial plan company would require 9 numbers as paid up capital

2. This would be a vehicle to sell our packages.

3. We could piggyback on our existing memorial park, and use our existing sales force to sell the plans





We have chapels with provision for funeral service and chapel use.  Our chapels have well furnished family rooms.

4.  Since there are other investors, we could synergize our 3 sales forces:  one from a former life plan company, one from a healthcare plan company,  and our sales force.

5. There would be another company to manage chapels and memorial services.

6.  We could tie up with other memorial park companies and chapels to expand our capability

7.  Portion of the trust funds could be used to buy other memorial chapels and funeral homes or other memorial parks.

Game of sales force and numbers

It was explained to us and we understand that this a game of organizing, motivating, and making the sales force sell and sell.  We need at least 500 sales executives to be able to do this..  Right now, we are only capable of having 150 to 200 sales executives.

If we could sell 10,000 plans a year, the MP company would earn 9 numbers on an investment of only 7 numbers.

Let us keep our fingers crossed.