It takes dedication to sell a teen church under the best of circumstances. In the current market, you'll need to redouble your efforts and get serious about convincing prospects that your company is a good investment.
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However, serious buyers also understand the value of a good teen church. To sell your teen church, you'll need to go the extra mile to prove your company has the potential to deliver steady revenue and a solid ROI.
Even if you hire a business broker to facilitate the sale of your teen church, it's likely that you will be the front line negotiator. But although you will responsible for negotiating terms with buyers, you should never approach negotiations without support. 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.
Working with Appraisers
An experienced appraiser is part and parcel of a successful teen church sale. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
Advertising Your Sale
Successful teen church sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. A highly publicized sale creates vulnerabilities that can be exploited by your competitors. Business brokers are skilled at publicizing teen church sales while maintaining the confidentiality that is critical to your business.
Given your interest in exit planning and in teen churches, you might find these additional resources to be of interest.
If you plan on opening a teen church, these helpul resources may be just what you've been looking for:
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