September 20, 2020  
 
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Selling a Business

 

Selling a Quaker Church

There's a right way and a wrong way to sell a Quaker church these days. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.

You won't find any magic formulas for selling a Quaker church, especially while the market is struggling to overcome the perceptions created by a down economy.
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Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your Quaker church.

Sale Documents

In a Quaker church sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.

Closing Strategies

Seller concessions sweeten the deal for buyers and are a necessary fixture in a sluggish economy. Concessions can consist of non-cash as well as cash 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 Quaker church owner, they can be critical launching points for their ownership journey.

Preparing Your Quaker Church for Sale

The outcome of a business sale is largely determined prior to a market listing. Successful Quaker church listings are the culmination of a preparation process that began months or even years ahead of time. Even though it may take years to adequately position your Quaker church, the amount of preparation you perform will have direct correlation on asking and sale prices. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.

More Exit Planning Articles

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

Marketing a Quaker Church

Selling Part of a Business


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