Exit Planning Advice
Selling a Korean Churches Business
There are no guarantees when you sell a Korean church. But our tips will equip you with the information you need to increase the likelihood of a successful sales outcome.
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a Korean church.
Most Korean churches are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Sweetening the Deal
Today's Korean 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. If you aren't familiar with typical Korean church concessions, consult with a professional to learn how you can build incentives into your deal.
Selecting a Broker
Good business brokers inevitably produce better business sales. No two Korean church sales are alike. That means you'll want to look for a broker who has been around the block and possesses substantial experience selling businesses in the industry. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling Korean churches.
Pre-Sale Checklist
There is a lot of work that needs to be done before you're ready to sell your Korean church. The first item on your checklist should be a reality check -- if you plan to sell your business for top dollar in just a few short months, you need to adjust your expectations%However, your first priority should be to set realistic expectations for the selling process and its eventual outcome. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
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