Exit Planning Techniques By Market
Selling a Full Gospel Churches Business
The decision to sell your Full Gospel church isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
Like it or not, a Full Gospel church sale is a complicated affair, made even more difficult by the emotions associated with leaving a business you've poured your life into. In our experience, a common owner concern is how the sale will affect customers and employees.
If you're looking for a reason to wait to put your business on the market, you'll find it. Selling a Full Gospel church isn't easy, but we believe sellers can achieve their goals in any economic environment.
Average Timeframes
It's rarely possible to sell a Full Gospel church in a month or two. The amount of time your business will be on the market depends on how aggressively it is priced and marketed. Before you can list your Full Gospel church, you'll need to invest as much as a year in preparing it for prospective buyers. In a good market, an attractive Full Gospel church can sell in as little as a few months, although it can take more than a year to find the right buyer after the business is listed.
Sweetening the Deal
Today's Full Gospel church buyers expect sellers to offer concessions to persuade them to close the deal. Concessions can consist of non-cash as well as cash incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. A limited amount of training and mentoring may seem inconsequential to you, but to a young Full Gospel church owner, they can be critical launching points for their ownership journey.
How to Choose a Business Broker
A good business broker is your best bet for a fast and profitable business sale. In the Full Gospel church 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 Full Gospel churches.
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