Casket Company (S1637-DGV)

Business Description

The Company’s First-Class metal and wood caskets are the Gold Standard in the industry and are provided at 50% less than the average consumer will pay in the U.S. The products include more than 200 varieties of Metal and Wood Caskets. This diverse catalog of products comes from quality construction; quality hardware; quality interiors; and quality finishes. The Company has its caskets made to its custom specifications in Asia.  Caskets are shipped in full container lots by ship and rail from Long Beach.  All are inspected and receive final fitting out for shipment to four distribution locations in the South Central USA.  Each Distribution location has a well decorated show room for display, a warehouse, and a 16 foot enclosed truck for deliveries to mortuaries.  The Company is family owned and operated.  They are virtually debt free and have no pending litigation. .  Demand for product is fulfilled in a timely fashion from the 4 distribution points.  The owner is uniquely qualified to make a major market penetration, which can be extended to additional mortuaries through continued attention to local feature preferences, casket construction detail and quality.  Plans call for continued expansion to other states consistent with available financing.

Distribution

Present distribution points in South Central USA include Texas, Louisiana, and Arkansas

Operational Strengths

The owner (a highly educated, African-American War Veteran) built the company on his understanding of what the African-American population wants in product designs and pricing.  The Company also offers high quality products for the general market.  It is the African-American market segment that has been greatly responsible for the rapid growth of the company, taking it in 4 years from $0 to the better part of $20MM.  In the ethnic marketplace alone there appears to be a realistic potential of well over $100 million based on the fact that the current revenues are being produced from only three or four states. The company maintains attractive showroom space, exhibiting examples of custom designed products.  It is the Company’s ability to forecast and pre-order product that moves through the product cycle effectively.  Maintaining and controlling their own distribution centers and transportation saves shipping costs while insuring quality handling and delivery of the product.   The Company advertises in the major periodicals of their industry.  The Company is a member of local Mortuary Associations, and advertises in periodic publications offered.   Regional and national trade shows are also attended.

The Transaction

Financial Information

Financial Summary

Other Highlights

Contact Information

Tom Emerling
Gottesman Company
3302 4th Ave. N., Ste 115 • Billings MT 59101
Phone (406) 655-4241 • Fax (406) 294-4243
www.yellowstonebusiness.com