Contact Broker
4756 136Th Avenue,
Hamilton, Michigan 49419
(View Map)
Affiliated Broker
Ryan Johnson
About the Company
Praxis Business Brokers typically represents business owners whose entities generate revenues from $250,000 to $20 million. Praxis handles transactions in a broad range of industries including manufacturing, distribution, services, retail, e-commerce, franchise resales, and others.
While we specialize in seller representation Praxis works with and educates prospective buyers on the cost and availability of appropriate businesses. Regardless of whom we represent or what we are selling, Praxis brokers make confidentiality a top priority. With over 300 successfully completed transactions to our credit a record for which we are very proud.
Our name 'Praxis' was selected because of the history our brokers have with respect to bringing buyers and sellers to the closing table. The dictionary definition of 'Praxis' is indeed appropriate: the practice, as distinguished from theory, of applying knowledge and skills. When sellers and buyers want to 'get it done,' Praxis Business Brokers is a great partner to have.
Broker Biography
Introduction
An attorney by training, Miles has been involved with small and medium sized businesses since working summer and weekends at the family business during his formative years.
Miles has served as both attorney and broker on dozens deals in the six, seven, and eight figure range.
Miles has two BAs in Political Theory, and International Relations, from Michigan State, and a J.D. from George Washington Law in D.C. When not working, Miles enjoys mountain biking with his trail dogs, fantasy football, and following the ups and downs (mostly ups) of Michigan State athletics.
Services Provided
There are many aspects of the sale of your business, but none is more important than conducting every step of the process with total confidentiality. The brokers of Praxis understand that it is crucial that your employees, customers, vendors, and lenders remain unaware of the listing, marketing and sale. We will be glad to explain all the safeguards Praxis employs to protect the confidentiality of your transaction.
Once you have made the emotional commitment to explore the possible sale of your business and you are comfortable that the Praxis team can handle the transaction in a totally confidential environment, the next step is a valuation of your business. Praxis has proprietary software that will place a value on your business and furnish a possible closing statement that will allow you to grasp fully what you might expect at closing from the sale of your business.
The Praxis valuation is done without charge or commitment. Because Praxis gets compensated on a success fee (commission) basis, it is crucial that our sense of how the marketplace will value your business and your expectations from a sale match closely. You certainly do not want to offer your business for sale at a listing price below market expectations, and if you offer the business for a price significantly higher than the market’s perception of its value, the market will respond in kind through lack of response. We will also offer our recommendations, based on our experience with scores of successful transactions, on how best to structure a deal to achieve your goals while maximizing buyer interest in your business.
Once the listing price of your business is agreed upon, a straight forward engagement letter is executed, and we start the confidential marketing of your business. In addition to some proprietary approaches to introducing your business to qualified buyers who would not otherwise be reached, we use business opportunity websites, our own data base of prospective buyers, and newly discovered potential buyers.
Areas Served
Michael S. Greengard, president of Praxis Business Brokers, has been involved full time in business brokerage since 2005. He has consistently been a top dealmaker with scores of completed transactions to his credit. Mike has sold mid-market and main street businesses along with both large and small franchise resales. He has successfully represented business sellers from California to New York and has succeeded with both domestic and international buyers. As testament to Mike's superior skills, both buyers and sellers remain active with him after transactions are closed either looking to him for new opportunities and/or referring both potential sellers and interested buyers. Mike's completed transactions cover a broad range of industries including manufacturing, distribution, service, retail, and e-commerce. Prior to entering business brokerage, Mike spent 25 years in industry. He was actively involved as a partner or 100% owner in a number of mid-market manufacturers. Mike's penchant for business transactions surfaced during his time in industry in which he bought and sold seven different businesses for his own account or for syndicates for which he was the managing partner. With decades of experience in operating businesses, Mike brings a rare understanding of and sensitivity for business owners as they address transitioning their businesses to new ownership. Mike has a B.S. from Yale University and a M.B.A. from Columbia University. He and his wife Lori are 33 year residents of Ada Township, Michigan where they live with their three rescue dogs.
An attorney by training, Miles has been involved with small and medium sized businesses since working summer and weekends at the family business during his formative years. Miles has served as both attorney and broker on dozens deals in the six, seven, and eight figure range. Miles has two BAs in Political Theory, and International Relations, from Michigan State, and a J.D. from George Washington Law in D.C. When not working, Miles enjoys mountain biking with his trail dogs, fantasy football, and following the ups and downs (mostly ups) of Michigan State athletics.
Steve Kandt has assisted numerous business owners in successfully valuing and selling their companies during his twelve years as a business broker. His closed deals have ranged from manufacturing firms to wholesale and distribution companies to retail businesses and franchise resales to everything in-between. Mr. Kandt also has extensive experience selling B2B and B2C service companies with specialties in information technology and business software. Prior to entering the business brokerage world in 2007, Mr. Kandt founded a computer software development and consulting services company featuring enterprise work force management and scheduling software. The company’s clients consisted of Fortune 1000 companies and large financial service businesses. At its peak, the company had annual sales exceeding $6 million. Mr. Kandt held many positions during his 22 years with the company, including President/CEO and Director of Professional Services while often functioning as de facto Controller. Mr. Kandt acquired experience in business valuations, and mergers and acquisitions during his tenure as he oversaw the acquisition of two complementary businesses and the eventual sale of the entire company. When Mr. Kandt entered the business brokerage profession, he quickly realized that he had previously experienced virtually every problem a business owner encounters in starting, building, and managing a business. His lengthy industry tenure has provided him with the tools to advise business sellers on a variety of issues as businesses are prepared for sale including managing timing and costs, and relationships with customers, banks, vendors and lawyers. His approach to negotiation is to find areas of agreement between buyer and seller and build upon them to reach a beneficial arrangement for all stakeholders. Mr. Kandt holds a BS in Systems Engineering from Michigan State University, East Lansing, MI.
