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Selling a Church Retreats Business
We hear from a lot of business owners who are timid about listing their church retreats business. Despite the mood of the market, we think there are still opportunities to receive a good price for your church retreats business. Here's what you need to know . . .
In a down economy, many church retreats business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of church retreats businesses that are actually for sale.
Most church retreats businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Advantages of Hiring a Broker
A good broker can offer several benefits to business sellers. First, business brokers are in tune with the realities of the market and are skilled at helping owners make their businesses attractive to premium buyers. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Preparing Your Church Retreats Business for Sale
The outcome of a business sale is largely determined prior to a market listing. Profitable church retreats business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Everything you do to increase market share and profitability has a payoff in the final sale price of your church retreats business. It is especially helpful if your financial reports can demonstrate a multiyear growth trend for potential buyers.
Professional appraisers can use three methods to determine the value ofa church retreats business: The income method, the asset method and the market method. The income method determines value based on the amount of income the business is expected to generate. The asset method, on the other hand, is based on the value of tangible and non-tangible assets (e.g. brands and trademarks). In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. To drive up your sale price, position your church retreats business by improving variables like assets, revenue and profitability during the years leading up to a sale.
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