Business Exit Planning
Selling a Mennonite Churches Business
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 Mennonite church.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a Mennonite church sale works.
In a skittish economy, Mennonite church sellers can access several strategies to receive fair market value from entrepreneurs who understand the value of a good business investment.
Finding Mennonite Church Buyers
Buyers of Mennonite churches run the gamut. Some are seasoned Mennonite 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. That means listing your Mennonite church in trade-specific directories as well as general business-for-sale databases. networking may also prove to be a valuable resource for identifying prospective buyers, but only to the extent that it can be done discreetly.
Professional Appraisals
An experienced appraiser is part and parcel of a successful Mennonite church sale. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
Family Issues
Many sellers embarked on their Mennonite church sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. Unless everyone is prepared for it, the sale could have a devastating effect on your family. To keep the family intact, the sale of a Mennonite church should allow opportunities for all family members to share their feelings and offer input about the sale process.
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