He Doubled His Return On Funeral Homes😲

This is another example. Again, round numbers but true example. This guy found that he could buy and sell mom-and-pop funeral homes. He would go buy a funeral home, group them together, and he found he could sell them for double to private equity markets because you have economies of scale. If you group them together, you take down overhead, you can sell them for about double. Kind of cool, right? So, what he did, again, round numbers, you raise $8 million. Let's say he goes and buys 8 funeral homes for $1 million apiece. Just again, round numbers. He turns around in 1 year, about 1 year to 18 months, Because he takes away overhead and all the management costs and stuff. They're way more efficient. He turns around and sells them for $16 million. Kind of crazy, right? So, look at the return on this. He then does an 80/20 split with his investors. Investors— So, $8 million profit. He pays his investors $6.2 million. He takes home $1.8 million.