These days, the prospect of selling a religious counseling services business is so daunting that many would-be sellers are biding their time, waiting for a break in the economic clouds.
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To sell a religious counseling services business these days, sellers need to make a strong case for buyers to purchase at or near the asking price.
Working with Accountants
Accountants lay the financial groundwork for a business sale. Most religious counseling services business have significant tax consequences requiring the input of a qualified accountant. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized religious counseling services business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. As you prepare for the sale of your religious counseling services business, expect to be asked to finance a substantial part of the sale price.
What to Expect in a Religious Counseling Services Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your religious counseling services business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.
Given your interest in exit planning and in religious counseling services businesses, you might find these additional resources to be of interest.
If starting a religious counseling services business is on your agenda, these helpul resources may be just what you've been looking for:
If you consider religious counseling services businesses to be sales prospects, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:
If you are looking for exit plan advice for a different kind of business, please browse our list of exit planning guides below.