The mission of Panagon is to generate profits for its shareholders by disrupting and replacing ancient, out-dated methods of dealing with death. Our fully patented replacement for cemeteries and cremation has been described as a “presidential library for everyday people,” where each man or woman can create and preserve a legacy. Panagon’s business model is based on a license to develop, combining our patented, proprietary systems, the operating capacities of deep-pocketed funeral home and cemetery owners, and those of residential and commercial real estate developers.
Panagon addresses the problems of:
- Limited Cemetery Space
- Changing Culture Trends
- A stagnant industry
- A glut of available commercial real estate
- Environmental Concerns
A Disruptive “Vertical” Innovation that Captures the Essence of a Life Well-Lived, providing value to:
- Cemetery Owners
- Funeral Homes
- Developers
- Property Owners
- Cities, Towns and Communities
- A modern memorial facility incorporating data collection and AI that allows family members to converse with the departed.
Business Model
- Real Estate Model similar to a condominium with projected 40% IRR
- Option to build new, on or off cemetery grounds or renovate existing structures.
- Simplified management structure, more like a condominium than an office building or housing.
System Protected by Multiple US Patents
- US Patent #US8,695,184
- US Patent #US 2020/0263447
- US Patent #2020/0089455
- The patents cover the buildings’ unique systems, including the digital legacy presentation system.
A Significant Improvement over today’s options
- More engaging than current options.
- Integration of digital technologies will drive visitation of physical facilities and interaction with Panagon, its products and services, over the course of client’s lifetime.
- A new way to consider your physical and digital legacy that will change the way people live their lives every day.
Panagon building visitors can relax and learn about their departed loved ones and ancestors in the comfort of their private Heritage Gallery.
Summary Financials (Real Estate)
| Building size (sq. ft.) | 40,000 |
| Net saleable size (sq. ft.) | 33,000 |
| Floors | 4 |
| Floor plate size (sq. ft.) | 10,000 |
| Land Cost | $1,000,000 |
| Building Cost | $7,200,000 |
| Land and Building Cost | $8,200,000 |
| Total GAAP Cost | $8,700,000 |
| Debt Financing | $5,900,000 |
| Equity Financing | $3,200,000 |
| Total Project Financing | $9,100,000 |
| Gallery Prices | $400/sqft |
| Large – 655 sqft | $262,000 |
| Medium 440 sqft | $176,000 |
| Small 225 sqft | $90,000 |
| Land cost per gross sq. ft. | $25 |
| Building cost per gross sq. ft. | $180 |
| Total cost per sq. ft. excl. interest | $205 |
| GAAP cost per gross sq. ft. | $216 |
| Debt per gross sq. ft. | $148 |
| Equity per gross sq. ft. | $80 |
| Total capitalization per sq. ft. | $228 |
| Marketing cost per sq. ft. | $31 |
| Project SG&A cost per sq. ft. | $8 |
| Equity Invested | $3,200,000 |
| Equity Returned | $6,088,511 |
| Project IRR | 38.0% |
More information and detailed financials by request.
Contact Lucas Marrero and Larry Liss to receive Panagon’s detailed Executive Summary!
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