Funeral Management Institute

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“Exactly what kind of analysis do you perform?” Among others, we carefully examine your current profits, all expenses, total revenues, casket averages, service charges, and adult and vault trends. Then, we supply a 50-page full-color report with graphics that helps you actually visualize the trends in your profitability.

You’ve probably tried to answer at least one of them: “How much should you charge?” But there’s another: “How much can you charge?” Our complete analyses will give you that important answer. “Can FMI services enhance my retirement strategy?” When you’re ready to sell your business, or pass it along to the next generation, it will be worth more if it’s more profitable. The average value of funeral homes is declining every year.

In 2002, the industry average profit on an adult funeral service was $397. The average profit for FMI clients was over DOUBLE THAT AMOUNT. Why? Because we provide our clients with the tools and the concepts to help them maximize their profits and expand their business. It starts with knowledge…with examining every aspect of your operation, your pricing structure, and your overhead.

MICHAEL ESPICH is the second generation to dedicate himself to helping funeral homes become more profitable. Michael is a University of Michigan graduate (School of Management) and has been the sole developer of computer applications for all the programs in the FMI stable. He joined the company in 1983 and successfully met the day to day challenges of working with FMI clients in the improvement of their profitability.

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