Business Exits By Industry
Selling a Clergy and Pastoral Counselors Business
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your clergy and pastoral counselors business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
According to the experts, there is currently a large volume of shadow inventory in the clergy and pastoral counselors business market -- businesses that are waiting to be listed until the economy recovers.
Too often clergy and pastoral counselors business sellers cave under the pressure and settle for a lower sales price than they should. With the right strategy, your sale doesn't have to end that way.
Pros & Cons of a Sale to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. 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 clergy and pastoral counselors business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
Preparing Your Clergy & Pastoral Counselors Business for Sale
The outcome of a business sale is largely determined prior to a market listing. Attractive clergy and pastoral counselors business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Even though it may take years to adequately position your clergy and pastoral counselors business, the amount of preparation you perform will have direct correlation on asking and sale prices. Additionally, you'll need time to compile financials and other information that buyers will expect to receive.
Brokerage Benefits
A good broker can offer several benefits to business sellers. First-rate brokers are extremely skilled at communicating your company's strengths to prospective buyers. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
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