Business Exits By Industry
Selling a Church Construction and Contractors Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet church construction and contractors businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
An assortment of hurdles and obstacles stand between you and the successful sale of your church construction and contractors business.
But at Gaebler, we see church construction and contractors businesses still selling at a brisk pace. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
Selling a Church Construction & Contractors Business to an Employee
Employee sales have pros and cons. There are some perks to selling the business in-house. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based church construction and contractors business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
How to Choose a Business Broker
A good business broker is your best bet for a fast and profitable business sale. In the church construction and contractors business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling church construction and contractors businesses.
What About Market Conditions?
No one plans to sell a church construction and contractors business in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. However, many business sellers don't realize that a full economic rebound can have devastating consequences, particularly if sellers who have waited to list their businesses suddenly create a glut in the business-for-sale marketplace. The simple truth is that the economy shouldn't dictate whether or not now is the right time to sell a church construction and contractors business. Your individual circumstances and personal goals are more influential factors in determining when it's time to put your business on the market.
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