Dire economic forecasts have forced many Alliance church sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
(article continues below)
Although it takes hard work and dedication, if it's time to exit your Alliance church there is a good chance you can sell it for a good price -- even in today's market.
Identifying Serious Buyers
Unfortunately, many of the prospects you will encounter aren't serious buyers. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. Your business broker can offer insights about how to quickly spot tire kickers. Never provide detailed information about your Alliance church until the prospect has been qualified as a serious buyer.
You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your Alliance church. Although they can significantly increase the final sale price, brokers typically receive a 10% commission. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Sale Preparations for Your Alliance Church
The outcome of a business sale is largely determined prior to a market listing. Profitable Alliance church sales opportunities leverage a long-term strategy to increase the value of the business to buyers. Branding, market positioning, and revenue growth take time, but they directly influence the price your Alliance church will command in the marketplace. Additionally, you'll need time to compile financials and other information that buyers will expect to receive.
Given your interest in exit planning and in Alliance churches, you might find these additional resources to be of interest.
If starting an Alliance church is on your agenda, these helpul resources may be just what you've been looking for:
If you consider Alliance churches to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:
If you are looking for exit plan advice for a different kind of business, please browse our directory of exit planning guides below.