Business Exits By Industry
Selling a Clergy Business
It's a misconception that no one is buying clergy businesses these days. Savvy entrepreneurs see clergy business opportunities as a path to short-term profits and long-term growth. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
Intimidated by a sluggish economy, business buyers are more cautious than ever.
You'll always have an excuse for not putting your business on the market. Selling a clergy business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Maintaining Objectivity
Objectivity is a rare commodity in a business sale. You have invested yourself in making your clergy business the success it is today, but in the eyes of prospective buyers, your operation is only worth fair market value. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Maximizing Sales Price
There are no simple ways to sell a clergy business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. 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.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your clergy business's physical assets. Your appraisal should occur before you put your business on the market. 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 clergy business's assets and possible even make repairs or upgrades to increase the total value of the operation.
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