Business Exits By Industry
Selling a Christian School
We hear from a lot of business owners who are timid about listing their Christian school. Despite the mood of the market, we think there are still opportunities to receive a good price for your Christian school. Here's what you need to know . . .
In any economy, there is a right way and a wrong way to sell a business.
But they're also savvy enough to know a good deal when they see it. To sell your Christian school, you'll need to go the extra mile to prove your company has the potential to deliver steady revenue and a solid ROI.
Leveraging Industry Connections
There are a lot of different places to look for Christian school buyers. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. For more targeted lead generation, consider tapping into your network of industry contacts. The downside of industry networks is that it leaves your company vulnerable to exploitation by competitors. Even though you can expand your prospect base by shouting it from the rooftops, it's probably wise to limit the release of information to the people you trust in the industry.
Equipment and Inventory Concerns
Buyers typically perform an independent appraisal of your Christian school's physical assets. But you'll need to commission your own appraisal before you put your Christian school on the market to arm yourself with information for the negotiation phase. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. A pre-listing appraisal also gives you the opportunity to document the condition of your Christian school's assets and possible even make repairs or upgrades to increase the total value of the operation.
Finding Prospects
Still looking for prospective buyers for your business? You probably already know several parties with an interest in acquiring your company. We frequently see qualified buyers emerge from the seller's network of business and personal acquaintances. In other cases, sellers take a proactive approach to finding likely buyers and contacting them directly. If possible, steer clear of selling to a competitor if for no other reason than the fact that competitors pay less for Christian schools than other buyers.
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