Tips to Improve Exit Planning
Selling a Jehovah's Witness Church
Forget about what you read in the paper -- Jehovah's Witness churches are being sold everyday and the business-for-sale market is poised for even greater growth in the months ahead.
You need to get a good price for your Jehovah's Witness church. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Despite the conventional wisdom, we believe current economic conditions are right for selling a Jehovah's Witness church. We'll tell you what you need to know to achieve a successful sale outcome
Pre-Sale Checklist
There is a lot of work that needs to be done before you're ready to sell your Jehovah's Witness church. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
Maximizing Sales Price
There are no simple ways to sell a Jehovah's Witness church. If you don't know what you're doing, your business could languish on the market for months or even years. A business broker handles much of the legwork involved in the sale. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. 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.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized Jehovah's Witness church buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
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