Panagon Buildings and Heritage Galleries – Business Model
Panagon will grow the industry by creating a new market segment, the Descendants Care and Legacy segment. Management estimates that this new segment in the U.S. alone offers $4 billion of market potential annually. Panagon’s innovative products and services will naturally disrupt the $400 million premium private mausoleum share of the cemetery industry. People are already spending $250,000 to many millions of dollars to build private crypts in cemeteries and, in some states, on their own land.
Panagon’s business model is based on a license to develop, combining Panagon’s patented, proprietary systems, the operating capacities of deep-pocketed funeral home and cemetery owners, and those of residential and commercial real estate developers.