Business Exit Planning

Selling a Messianic Synagogues Business

Think messianic synagogue sales have dwindled to a standstill? Think again. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.

Dire economic forecasts have forced many messianic synagogue sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.

You'll always have an excuse for not putting your business on the market. Selling a messianic synagogue isn't easy, but we believe sellers can achieve their goals in any economic environment.

Sweetening the Deal

Seller concessions sweeten the deal for buyers and are a necessary fixture in a sluggish economy. 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 messianic synagogue concessions, consult with a professional to learn how you can build incentives into your deal.

Legal Considerations

It's obvious that you're going to need to hire an attorney to finalize the sale of your messianic synagogue. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. It's helpful to introduce your attorney to your broker to facilitate a smooth sale and a productive working relationship.

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. In our experience, the most successful sales are ones in which the seller has made an intentional effort to remain objective and set realistic expectations. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.

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