Sell a Business Tips
Selling a Spiritual Churches Business
No one said selling your business in a depressed economy would be easy. Fortunately, a Spiritual church sale isn't as scary as it seems.
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
There are still plenty of Spiritual church buyers looking for opportunities that present well in the marketplace.
Timing the Market
Now may be the best time to sell a Spiritual church. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on Spiritual churches. Sooner or later, rates will rise, increasing the risk for prospective buyers of Spiritual churches. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
Should I Hire a Business Broker?
When selling a Spiritual church, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your Spiritual church much less painful. If you're on the fence, do your research before you make a final decision. BizBuySell.com and other websites offer detailed information about brokers and the process of performing a brokered Spiritual church sale.
Sweetening the Deal
Today's Spiritual church buyers expect sellers to offer concessions to persuade them to close the deal. 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 Spiritual church owner, they can be critical launching points for their ownership journey.
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