December 13, 2019  
 
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Selling a Business

 

Selling a Baha'i Church

We hear from a lot of business owners who are timid about listing their Baha'i temple. Despite the mood of the market, we think there are still opportunities to receive a good price for your Baha'i temple. Here's what you need to know . . .

Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell a Baha'i temple in today's market.
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Yet everyday, hundreds of listed Baha'i temples manage to pique the interest of qualified buyers. They do it by paying attention to the details that other business sellers overlook.

Legal Concerns

A basic understanding of legal requirements is foundational for a successful business sale. Despite the confusion that exists among many sellers, the essentials of the sale are described in the Letter of Intent, a seminal document that is created prior to due diligence . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. 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.

Timing Your Baha'i temple Sale

When is it the right time to sell your Baha'i temple? If you're asking the question, now may be the time to put your business on the market. Some experts are telling Baha'i temple sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the Baha'i temple-for-sale market. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.

Seller Financing

Capital is hard to come by these days. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.

More Info on Business Transitions and Related Articles

We think you may find these additional resources to be of interest.

Selling Part of a Business

Marketing a Baha'i Church

Selling to Competitors


Conversation Board

Want to continue the discussion about how to sell a Baha'i temple? If you have firsthand knowledge about exit planning issues and challenges, we invite you to submit your comments. Questions are also encouraged!


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