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Selling a Charismatic Churches Business
When it's time to sell your Charismatic church, your future plans depend on your ability to get the highest possible sales price. Here's how to do it . . .
When the economy recovers, we expect to see a sudden influx of Charismatic churches in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
Success is a factor of preparation, execution and a keen eye for the market. As a business seller, you need to go into the process with the mental goal of presenting your business in the best possible light.
Selling to a Family Member
Selling a business to a family member might sound like the best of both worlds. You get an exit strategy, your Charismatic church stays in the family, and everyone is happy. Yeah, right. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
Laying the Groundwork
A successful Charismatic church sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a Charismatic church to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium Charismatic church opportunity.
How to Increase Sale Price
A successful Charismatic church requires an investment of both time and money. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. So what's the lesson? In most cases, hiring a business broker is one of the best things you can do to maximize sales price.
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