Optimizing Business Exits
Selling a Religious Counseling Services Business
You've learned a lot during your tenure as a religious counseling services business owner. The next step is to position your business for the demands of the business-for-sale marketplace.
These days, the prospect of selling a religious counseling services business is so daunting that many would-be sellers are biding their time, waiting for a break in the economic clouds.
To sell a religious counseling services business these days, sellers need to make a strong case for buyers to purchase at or near the asking price.
Working with Accountants
Accountants lay the financial groundwork for a business sale. Most religious counseling services business have significant tax consequences requiring the input of a qualified accountant. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized religious counseling services business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. As you prepare for the sale of your religious counseling services business, expect to be asked to finance a substantial part of the sale price.
What to Expect in a Religious Counseling Services Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your religious counseling services business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.
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