Optimizing Business Exits
Selling a Rescue Missions Churches Business
Many business leaders say that now isn't the time to try to sell a Rescue Missions church. But in reality, now may be the perfect time to sell a Rescue Missions church.
Selling a Rescue Missions church? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
The good news is that ambitious entrepreneurs continue to see Rescue Missions churches as a smart business investment -- and the market is rewarding owners who are willing to invest time and energy in their sale.
Tips for Working with A Business Broker
Brokerage is a mainstay of the business-for-sale marketplace. Brokers routinely work with Rescue Missions church owners to achieve desired outcomes and deliver a successful sale as quickly as possible. However, your broker will still expect you to materially participate in the sale of your business. Establish clear lines of communication with your broker and respond quickly to requests from prospective buyers. You should also assist your broker in listing your Rescue Missions church on BizBuySell.com and other online business-for-sale sites.
Turning the Tables: Buyer Concessions
Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Asset exclusions, retained ownership shares and long-term contracts with another of the seller's companies can also be leveraged to extract concessions from buyers.
Advertising Your Sale
Profitable Rescue Missions church sales listings are intentionally promoted to the right prospects. However, confidentiality and other concerns can present challenges, even for sales professionals. The knowledge that your business is being sold almost always converts into negative PR with your customers and vendors. Business brokers are skilled at publicizing Rescue Missions church sales while maintaining the confidentiality that is critical to your business.
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