Tips to Improve Exit Planning
Selling a Jewish Synagogue
At first glance, an unstable economy would seem to be an unfriendly atmosphere for a Jewish synagogue sale. At Gaebler, we think it's a great time to sell a Jewish synagogue. Here's why . . ..
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
The economy hasn't squashed the market for Jewish synagogues. And the ones that are commanding the highest price tags are the ones with sellers who are committed to the sale process.
Family Issues
You're ready to sell your Jewish synagogue, but is your family prepared for the transition? Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. Subsequently, selling a Jewish synagogue often begins with a family conversation and a mutual decision to move on the next stage of life.
How to Increase Sale Price
There are no simple ways to sell a Jewish synagogue. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. 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. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their Jewish synagogues.
Selling to a Family Member
There is no easy way to sell a Jewish synagogue, not even to a family member. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
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