November 17, 2019  
 
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Selling a Company

 

Selling an Assembly of God Church

Does the economy have you down? For exiting owners, the idea of listing their company now can be terrifying. Although it's going to take some work, there is a good chance you can still sell your company at or even above fair market value.

Business buyers face their own set of frustrations and complications. Capital is scarce and many buyers simply can't afford the entry requirements for an Assembly Of God church.
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Many business owners don't know that Assembly of God churches are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.

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. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. Many sellers create a negotiation team to minimize the effect of their personal emotions on negotiations. More importantly, this team can perform a reality check on your expectations for the sale.

Negotiating Your Sale

It's critical to negotiate from a position of strength. In an Assembly Of God church sale, knowledge is power -- the more you know about your business and prospective buyers, the easier it is to sway negotiations in your favor. However, the first step in good negotiating is to develop a sense of what you need to get out of the deal. A thorough understanding of sale price, possible concessions and other bottom line requirements gives you the ability to negotiate with confidence. A negotiating strategy is essential because it not only establishes parameters, but also creates a plan for overcoming buyer objections and impasses.

Selecting a Broker

Good business brokers inevitably produce better business sales. During the selection process, look for brokers with a proven track record of successful Assembly Of God church sales. Take our word for it -- Assembly of God churches are unique businesses and you need a broker who understands how to properly market your Assembly Of God church to prospective buyers. As a practical matter, you'll also want to focus your search on brokers who have pre-existing relationships with attorneys, appraisers, and other professionals who can provide assistance at various stages of the process.

More Info on Business Transitions and Related Articles

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

Family Business Exit Plans

Marketing an Assembly of God Church

Role of Location In Selling a Business


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