Niche Market Exit Planning Tips
Selling a Brethren in Christ Church
The sale of a Brethren In Christ church can be a difficult and trying process. But with a few tips, you can keep your shirt and your sanity in the sale of your business.
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a Brethren In Christ church.
Despite the conventional wisdom, we believe current economic conditions are right for selling a Brethren In Christ church. We'll tell you what you need to know to achieve a successful sale outcome
Working with a Professional Accountant
Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Maintaining Objectivity
Objectivity is a rare commodity in a business sale. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. In our experience, the most successful sales are ones in which the seller has made an intentional effort to remain objective and set realistic expectations. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your Brethren In Christ church's real assets. Your appraisal should occur before you put your business on the market. Without an accurate assessment of asset values it's impossible to intelligently negotiate on price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your Brethren In Christ church.
Share this article
Additional Resources for Entrepreneurs