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.
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.
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.
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