Optimizing Business Exits
Selling a Religious Science Churches Business
Many business leaders say that now isn't the time to try to sell a Religious Science church. Don't be deterred by economic uncertainty. There are plenty of reasons why this is the right time to put your Religious Science church on the market.
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
There is no simple way to sell a business. But the most prepared Religious Science church sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
Promoting a Religious Science church Sale
Successful Religious Science church sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing Religious Science church sales while maintaining the confidentiality that is critical to your business.
Brokerage Benefits
Brokers give Religious Science church sellers distinct advantages in the marketplace. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. In a down economy sellers become bankers; an unwillingness to finance at least part of the sale of a Religious Science church can translate into a dead deal. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Share this article
Additional Resources for Entrepreneurs