April 10, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

How to Sell to a Business

 

Selling a Brethren Church

There are few things as intimidating as selling a business in a sluggish economy. Fortunately, a Brethren church sale isn't as scary as it seems.

Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
(article continues below)

The economy hasn't squashed the market for Brethren churches. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.

Current Market Conditions

At first glance, today's market would seem to be a hostile place for Brethren church sellers. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. Despite the risks, sellers need to be cognizant of the fact that there is a large volume of Brethren churches waiting to be listed until the economy rebounds. When that happens, the buyers' market will become even stronger and have a negative impact on prices. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your Brethren church as attractive as possible so to buyers right now.

Why Confidentiality Matters

Confidentiality determines risk in the business-for-sale marketplace. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.

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 Brethren church sales. Take our word for it -- Brethren churches are unique businesses and you need a broker who understands how to properly market your Brethren 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

Ready to learn more? You may find these additional resources to be of interest.

Marketing a Brethren Church

Why Most Businesses Do Not Have Exit Plans


Conversation Board

Did you find our tips on how to sell a Brethren church helpful? Is there anything we missed? Still have questions? If so, we would love to hear your questions, comments and insights.


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 a Brethren Church?

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

Starting a Brethren Church

Do You Market Products or Services to Brethren Churches?

If you consider Brethren churches 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 Brethren Churches

Mailing Lists for Brethren Churches

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, please browse our directory 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