November 24, 2020  
 
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Selling a Company

 

Selling a Church of God in Christ

In any market, there are sellers and then there are serious sellers. We'll give you the tools you need to be taken seriously when you decide to sell your Church Of God In Christ church.

Dire economic forecasts have forced many Church Of God In Christ church sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
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Undaunted by economic conditions, many Church Of God In Christ church sellers are achieving their sale goals through deliberate sale strategies.

Selling Time

Hoping for a quick Church Of God In Christ church 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 Church Of God In Christ church, you'll need to invest as much as a year in preparing it for prospective buyers. In a good market, an attractive Church Of God In Christ church can sell in as little as a few months, although it can take more than a year to find the right buyer after the business is listed.

Sweetening the Deal

Like it or not, prospective buyers are going to ask you to make certain concessions in the sale of your Church Of God In Christ church. But don't limit your view of concessions to financial incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. A limited amount of training and mentoring may seem inconsequential to you, but to a young Church Of God In Christ church owner, they can be critical launching points for their ownership journey.

After the Sale

As your Church Of God In Christ churchsale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. 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.

More Exit Planning Articles

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

Marketing a Church of God in Christ

Why Hire an Exit Planning Consultant

Five Tips for Maximizing Your Business Sale Price

Selling to Competitors


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