Mastering Niche Market Exit Planning
Selling a New Testament Churches Business
Planning and execution can dramatically influence the price you receive for your New Testament church.
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
You'll always have an excuse for not putting your business on the market. Selling a New Testament church isn't easy, but we believe sellers can achieve their goals in any economic environment.
Timing Your New Testament church Sale
When is it the right time to sell your New Testament church? If you're asking the question, now may be the time to put your business on the market. Some experts are telling New Testament church owners to wait for a better economy to put their business on the market. We aren't nearly as pessimistic about the New Testament church marketplace. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your New Testament church, your business brokers may or may not be willing to conduct negotiations for you. A solo negotiation is a surefire way to may a tough job even tougher. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
In a New Testament church sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a New Testament church sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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