Funeral Home Industry



Funeral Home Industry

Introduction to Funeral Home Industry

What happens to be more inevitable than the taxes is death. However, due to a fast growing trend in USA towards cremation, has caused many funeral directors struggling to cope up for the revenues that have been lost, (Banks, 1998). They tend to look for innovative and new ways for charging the families for the services that they offer.

The funeral home services industry comprises of all those companies that are responsible for making preparations for the deceased interment and arranging for their funerals. The funeral establishments provide for transportation, conduct wakes and are also involved in selling caskets and various other funeral goods such as wreaths and urns, (Dawson, 1990). In the funeral services, burial rights are also included. This industry also includes crematories combined with funeral homes, (Thomas, 1996). However it doesn't include crematories that are singular. Funeral homes usually involve the owners of such businesses to invest highly in hearses, limousines and various other facilities, for that matter.

These funeral homes are involved in organizing services that align with the wishes and requests of the deceased and their families, for that matter. On the arrival of the deceased to the funeral home, one of the many services is to make preparations for the body to be buried, along with the visits of the friends and the family members. Furthermore, the funeral services are also responsible for taking care of the legal permits, paperwork and other documents. These funeral homes make the necessary arrangements with the cemetery and are also responsible for giving obituaries to the media. The funeral home also designates a specific area where friends and family can get together for the purpose of visitation.

In such services, the burial and funeral is usually followed within a very small period of time. In some cases, an individual can gain the advantage of a funeral service for arranging their funeral prior to their death. For this purpose the funeral homes work closely with that person and their family members for making sure that all the necessary preparations are made.

Apart from all these, if there is a need to transport a deceased from one place to another, the funeral services industry go ahead in offering extra services for preparing transportation remains, including the deceased to be shipped in a customized casket, being strapped within a combination unit or an air tray for the purpose of travelling duration.

Funeral Home Industrial Analysis

This industry is expected to record more than $ 15 billion as revenue, in 2013, which will be a 2.6% increase as compared to the last financial year. Since the last five years, the revenue has been reported to have increased from the sale of customized offerings and merchandize. Recession did impact this industry with the revenue falling around three percent in 2009 due to the outcome of lower disposable incomes of the consumers and an unexpected increase in the demand of the ...