As a leading funeral home succession planner, we here at NewBridge Group often gets asked, “is now a good time to sell?” Of course, it is tempting to always say yes. The truth is, however, that only an owner can answer that question. Selling a business – particularly one that has likely been in the

Nearly 90 percent of funeral homes in the U.S. are privately owned by families or individuals. The NewBridge Group interfaces with independent owners across the country on a regular basis and hear their common challenges first-hand.  Many of their concerns lead down one road and unfortunately, that is a continuing and increasing squeeze on profitability.

Earlier this year, the NewBridge Group sent out an article entitled “Tax Implications of Selling Your Business in 2021 vs. 2022”.  We performed a “what if” analysis showing the tax effects of a business sale under President Biden’s proposed capital gains tax rate of 39.6% vs. the current rate of 20%.  However, throughout the course

You may remember the article we published back in January, “Tax Implications of Selling Your Business in 2021 vs. 2022.” While the potential tax changes are still unknown, we have seen many funeral home owners take a proactive approach and sell their business in 2021. This has allowed them to transition to a new stage

In the latest edition, Funeral Service Insider shared their Annual Pay Survey which reveals the biggest frustrations that funeral home owners and staff are experiencing in the industry. Our very own, NewBridge Group Founder, Jeff Boutwell was interviewed for the article as well Managing Partner, Tony Kumming and Director of Business Development, Todd Reich.  We

Spending time and effort upfront will reward you in the long run. We often hear from funeral home owners that their number one challenge is finding quality staff.  Much of the younger generations these days do not want to work nights or weekends.  Many who grew up in the funeral service industry saw their parents’

HARTFORD, CT – OCTOBER, 2020 The NewBridge Group is pleased to announce the successful acquisition of Weinstein Mortuary, by our client, Rollings Funeral Service. The business, operated by cousins, Morton (Mort) and Michael Weinstein, has been well established in the Hartford community for 80 years. Greg Rollings, President & CEO of Rollings Funeral Service, commented