August 3, 2020  
 
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Selling a Church of Jesus Christ of Latter Day Saints

Don't believe anyone who tells you it's easy to sell a Church Of Jesus Christ Of Latter Day Saints church. A lot of things need to happen before you can successfully exit your business. But with a few tips, you can keep your shirt and your sanity in the sale of your business.

Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
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Success is a factor of preparation, execution and a keen eye for the market. As a business seller, you need to go into the process with the mental goal of presenting your business in the best possible light.

Buyer Identification

Buyers of Churches of Jesus Christ of Latter Day Saints churches run the gamut. Some are seasoned Church Of Jesus Christ Of Latter Day Saints church veterans interested in expanding their operation or adding a new location. Others are first-time entrepreneurs with a taste for the small business lifestyle. To cover all your bases, you'll need to conduct a broad buyer search process. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Networking is another useful tool in locating buyers. It might surprise you to learn how many Church Of Jesus Christ Of Latter Day Saints church buyers emerge from conversations with peer groups, vendors, and business associations. In some cases, leads obtained through networking are preferred because they come with personal recommendations.

Realistic Expectations

Objectivity is a rare commodity in a business sale. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.

Signs You're in Over Your Head

The Church Of Jesus Christ Of Latter Day Saints church-for-sale marketplace is a mixed bag of brokered sales and solo efforts. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Lack of buyer enthusiasm or persistence indicates that something is wrong. The remedy is professional brokerage or a consultation with more experienced sellers.

More Exit Planning Articles

Given your interest in exit planning and in Churches of Jesus Christ of Latter Day Saints churches, you might find these additional resources to be of interest.

Marketing a Church of Jesus Christ of Latter Day Saints

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Selling Part of a Business

Role of Location In Selling a Business


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