May 29, 2020  
 
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 a Bible Study School

Market shifts affect business values and the bible study school industry has seen more than its share of fluctuations in business values. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a bible study school whem market conditions threaten a successful business sale.

The business-for-sale market is just as frustrating for buyers as it is for sellers these days. Although there are plenty of entrepreneurs who want to buy a bible study school, capital restrictions are holding them back.
(article continues below)

If your exit strategy involves selling a bible study school these days, sellers need to make a strong case for buyers to purchase at or near the asking price.

Selecting a Broker

Good business brokers inevitably produce better business sales. No two bible study school sales are alike. That means you'll want to look for a broker who has been around the block and possesses substantial experience selling businesses in the industry. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling bible study schools.

Sale Preparation Timeframes

There are no effective shortcuts for selling a bible study school. For starters, the financials need to demonstrate a track record of profitability and growth. Additionally, prospective buyers usually request documentation that allows them to understand the business's daily workflows and operational strategy. Since all of this takes time and effort, a bible study school can rarely be ready for the marketplace in less than six months. However, to command the highest price, you'll probably need to spend one to two years preparing and positioning your business for buyers.

Negotiation Teams

Even if you hire a business broker to facilitate the sale of your bible study school, it's likely that you will be the front line negotiator. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in bible study schools, you might find these additional resources to be of interest.

Marketing a Bible Study School

Family Business Exit Plans

How To Choose An Investment Banker

How to Sell a Business


Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell a bible study school, we invite you to submit your comments and suggestions.


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

Need Information on Starting a Bible Study School?

If starting a bible study school is on your agenda, these guides will help you get started:

How to Start a Bible Schools & Study Business

Do You Market Products or Services to Bible Study Schools?

If you consider bible study schools to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Bible Study Schools

Mailing Lists for Bible Study Schools

More Guides on Selling a Business

If you are eager to get business succession tips for a different industry, try our list of 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