Niche Market Exit Planning Tips
Selling a Bethel Temple
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your Bethel temple, it's in your best interest to maximize the sales price through the application of proven sales techniques.
According to the experts, there is currently a large volume of shadow inventory in the Bethel temple market -- businesses that are waiting to be listed until the economy recovers.
Many business owners don't know that Bethel temples are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Most Bethel temple 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. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Like seller concessions, buyer concessions should be addressed during negotiations, before the preparation of a Letter of Intent.
The way you exit your Bethel temple is just as important as the way you sell it. Handing over the keys and saying goodbye to your employees is easier said than done, and requires thoughtful consideration prior to closing. You, your employees and the buyer all have a stake in making sure the sale ends as smoothly as possible. If possible, work with the buyer to create a transition strategy that minimizes the impact on the business and your workforce.
Hoping for a quick Bethel temple sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your Bethel temple, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
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