November 29, 2020  
 
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Selling a Company

 

Selling a Church Organs Business

You've heard the naysayers - now isn't the time to sell a church organs business. But what they don't know is that many entrepreneurs see church organs businesses as a smart business investment.

You need to get a good price for your church organs business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
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Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your church organs business.

Laying the Groundwork

Effective church organs business preparation focuses on communicating value to prospective buyers. A first-rate business broker can give your business an edge by facilitating the preparation process and orienting your presentation toward today's buyers. Financial statements, appraisals, operations manuals and other documents lay the foundation for your church organs business sale, creating incentives for prospects to agree to a higher asking price.

Tips for Working with A Business Broker

Brokerage is a mainstay of the business-for-sale marketplace. Brokerage is particularly common in the church organs business-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Establish clear lines of communication with your broker and respond quickly to requests from prospective buyers. You should also assist your broker in listing your church organs business on BizBuySell.com and other online business-for-sale sites.

Negotiation Exit Strategy

The negotiation stage of a church organs business can seem never-ending. Yet eventually many negotiations reach a stage where further discussion is pointless. In a church organs business sale, a stalled negotiation can be an indication that the deal is dead. Since it can be difficult to tell whether the buyer is serious or playing games, it's important to know the lower boundaries of your negotiation strategy and be willing to walk away from the negotiation table, if necessary.

More Info on Business Transitions and Related Articles

We think you may find these additional resources to be of interest.

Marketing a Church Organs Business

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Role of Location In Selling a Business

Why Hire an Exit Planning Consultant


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