Exit Planning Tips
Selling a Hebrew-Christian Churches Business
You've heard the naysayers - now isn't the time to sell a Hebrew-Christian church. But what they don't know is that many entrepreneurs see Hebrew-Christian churches as a smart business investment.
These days, the prospect of selling a Hebrew-Christian church is so daunting that many would-be sellers are biding their time, waiting for a break in the economic clouds.
In a skittish economy, Hebrew-Christian church sellers can access several strategies to receive fair market value from entrepreneurs who understand the value of a good business investment.
Sale Preparation Timeframes
There are no effective shortcuts for selling a Hebrew-Christian church. Buyers want to see growth trends, healthy profits and other variables that increase the likelihood of long-term success. Additionally, prospective buyers usually request documentation that allows them to understand the business's daily workflows and operational strategy. Unless you have already started planning for your Hebrew-Christian church sale, it's going to take at least six months to prepare your business. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. With entrepreneurs struggling to secure capital, you may be the buyer's only source of financing. As an alternative, clearly state that seller financing is not an option and consider offering other concessions to see the sale through to its completion.
How Much Does It Cost to Sell a Hebrew-Christian church?
The calculation of your asking price should include a buffer to cover the expense of the sale process. Good brokerage takes a 10% success fee off the top of the final sale price. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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