How to Sell a Niche Market Business
Selling an Episcopal Churches Business
With the economy limping along, many Episcopal church owners are hesitant to put their businesses on the market. At Gaebler, we think it's a great time to sell an Episcopal church. Here's why . . ..
Despite your best intentions, great business sales don't happen overnight.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to Episcopal churches that exhibit strong financials and potential for future growth.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your Episcopal church's physical assets. But you'll need to commission your own appraisal before you put your Episcopal church on the market to arm yourself with information for the negotiation phase. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your Episcopal church.
Maintaining Objectivity
Objectivity is a rare commodity in a business sale. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. It is difficult for many owners to accept the cold, hard facts about their company's worth, but objectivity is the name of the game in a successful Episcopal church sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Sale Documents
In an Episcopal church sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . By the time the deal reaches the final contract, many of its features are set in stone. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.
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