Exit Planning Advice By Market
Selling an Anglican Church
When it's time to sell your Anglican church, your future plans depend on your ability to get the highest possible sales price. Here's how to do it . . .
In a down economy, many Anglican church sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of Anglican churches that are actually for sale.
The business-for-sale market is extremely dynamic. That's why we think it's important for Anglican church owners to know that it's possible to sell a business in any economy. You just need to know your buyers and structure the deal accordingly.
Pre-Sale Checklist
The upfront time you investment in the sale of your Anglican church will pay big dividends at closing. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
Business Assets
It's incumbent on buyers to commission their own appraisal of your Anglican church's physical assets. But you'll need to commission your own appraisal before you put your Anglican church on the market to arm yourself with information for the negotiation phase. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your Anglican church.
Sale Costs
In an Anglican church sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of an Anglican church sale. If you need to compensate employees to assist with the sale, their services should also be considered.
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