Business Exits By Industry
Selling a Congregational Church
Most businesses are susceptible to economic conditions and Congregational churches are no exception. But in some cases, a down economy can actually improve saleability. To increase your company's sale price, you'll need to perform adequate preparations, positioning it to the catch the eye of profit-minded buyers.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a Congregational church sale works.
In today's market, there is still plenty of room for Congregational churches that demonstrate solid earning capacity and a robust market position.
Negotiation 101
As a business seller, you have to be at the top of your negotiating game. Information is the key to a great Congregational church negotiation. But before you can negotiate effectively, you need to have a clear sense of your minimum sale requirements. If you lack clarity about your goals, you're guaranteed to fall short of achieving of them. If you aren't sure what you need, put negotiations on hold until you gain a clearer understanding of your own deal parameters.
How Much Does It Cost to Sell a Congregational church?
You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your Congregational church. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a Congregational church sale. If you need to compensate employees to assist with the sale, their services should also be considered.
Dealing with Your Emotions
Business sellers sometimes struggle to handle the emotions of a sale. You probably have good reasons for selling your Congregational church now, but that doesn't make the emotions you will experience any easier. It's important to allow yourself time to process your emotions during your exit. At the same time, it's helpful to consult with people who can help limit the influence of your emotions on negotiations and other aspects of the sale process.
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