Are you thinking about expanding your business through acquiring a firm or adding another rooftop? Or has the time
come for you to consider transferring your firm to the next generation, an employee, another independent or even a
corporate purchaser? These are weighty questions, and something many funeral home business owners only think about a
few times in their careers at most. Many people simply don’t know where to start or how to get information about the
process of buying and selling. This toolkit is a starting place for you.
Succession Planning Webinar Content
Maximizing the Value of Your Funeral Business
Chris Farmer of The Farmer Firm and Tim Bridgers of Live Oak Bank discuss how to set your firm up to maximize its
value in the days, months and years ahead of potential sale or generational transfer.
Acquiring an Existing Funeral Business: What You Need to Know
Jake Johnson of Johnson Consulting Group will walk members through how to evaluate a funeral business as a
potential acquisition target. This session will get members up to speed on the ins and outs of buying a funeral
business and provide insight on when this option may help your business grow and grow stronger.
“Succession Planning: Take One” Tim Bridgers, General Manager for the funeral home and
cemetery financing team at Live Oak Bank, provides an in-depth look at succession planning from a lender's
perspective. This discussion will highlight key metrics within the financial data of the business, and
implications in supporting future debt.
“Succession Planning: Take Two” James R. (Bud) Strong, Partner and former Chair of the
Private Wealth Group with Husch Blackwell LLP, focuses on real-life examples that illustrate the main things
to avoid in succession planning, not only from a legal and tax perspective, but also from the standpoint of
avoiding internal business management conflicts and family conflicts that can often be extremely damaging and