November 21, 2019  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling an African Methodist Church

Most businesses are susceptible to economic conditions and African Methodist churches are no exception. But in some cases, a down economy can actually improve saleability. All it takes is a strategy to identify solid prospects and convert them to buyers.

You need to get a good price for your African Methodist church. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
(article continues below)

Many business owners don't know that African Methodist churches are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.

Timing the Market

Now may be the best time to sell an African Methodist church. Although the economy is generally struggling, low interest rates make African Methodist churches more attractive to entrepreneurs who want to get in the game. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. Market conditions can be intimidating. But your larger concern should be whether or not your business is ready to be presented to qualified sale prospects.

Buyer Concessions

Most African Methodist church sellers realize they will need to offer concessions to sell their businesses. But for every concession you grant, there may be an opportunity to obtain a concession from the buyer. For example, if the buyer needs seller financing, you can leverage a five-year loan to push for a higher sales price. Although you won't see all of the proceeds upfront, you'll earn interest on the balance and realize a higher price than you would in an all cash deal. Like seller concessions, buyer concessions should be addressed during negotiations, before the preparation of a Letter of Intent.

Post-Sale Details

As your African Methodist churchsale nears completion, there is a lot of work remaining to be done. There are several details that still need to be addressed. What will the ownership transition look like? Are you prepared to deal with the tax consequences of receiving a significant sum of money in exchange for your business? How will you prepare your employees for your inevitable exit from the business? If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in African Methodist churches, you might find these additional resources to be of interest.

Marketing an African Methodist Church

Why Most Businesses Do Not Have Exit Plans

Five Tips for Maximizing Your Business Sale Price

Pros and Cons of Using Business Brokers


Conversation Board

Looking for more information about how to sell an African Methodist church? Then we want to hear from you! Send us your comments and questions, and we'll do our best to help you.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open an African Methodist Church?

If starting an African Methodist church is on your agenda, these helpul resources may be just what you've been looking for:

Starting an African Methodist Church

Do You Market Products or Services to African Methodist Churches?

If you consider African Methodist churches to be sales prospects, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:

Selling to African Methodist Churches

Mailing Lists for African Methodist Churches

More Exit Planning Information

If you are looking for exit plan advice for a different kind of business, please browse our alphabetical list exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary