Phone: Show Phone Number(734) 929-9032
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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.
Praxis works with and educates prospective buyers on the cost and availability of appropriate businesses and regularly engages in strategic searches for qualified buyers. Regardless of whom we represent or what we are selling, Praxis brokers make confidentiality a top priority. With over 100 successfully completed transactions to our credit, we have not had a single breach of confidentiality, 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.
Glen Toadvine (734) 929-9032
Glen Toadvine has successfully represented business sellers since early 2000, having completed many transactions stretching across a variety of industries. His solid business knowledge coupled with his nearly three decades of industry experience and his ability to research any industry to determine price points and price trends in the marketplace enhance his many strengths as a business broker. Negotiations and facilitation of timely deal closings are additional attributes.
Mr. Toadvine takes pride in both his interest and his ability to gain solid knowledge of the businesses and business owners that he represents. Mr. Toadvine has the capability to locate the “right buyer” which he defines as ‘having the skill sets and resources to pay the best price for the business while offering the optimal chance for its future growth and success’.
Prior to his business brokerage career, Mr. Toadvine was in senior management roles for over 25 years in a number of industries throughout the Eastern United State and abroad. He was fortunate to have had industry experience in start-ups, turn-arounds, and buy side and sell side mergers and acquisitions. His broad background and deal experience provide the platform to develop and implement powerful marketing packages for his clients.
With a degree in Business Administration, Mr. Toadvine is currently the President of the Michigan Business Brokers Association Metro Chapter. As a former business owner, Mr. Toadvine has the background and business strengths to create a vision, sell ideas and facilitate a seamless change for his clients. He lives in Southeast Michigan with his wife, Sandy. They are now empty-nesters having enjoyed raising two sons
This attractive Michigan business has been profitable each and every year of its successful 30 year history. The business is unique in that it provides classroom instruction to clients that are referred to the business through court order. The company conducts classes taught by part-time (1099) facilitators in rented classrooms. The facilitators have varied backgrounds including MSW’s, educators and off-duty policemen to name a few. Importantly, the company also offers on-line courses which now comprise approximately 15 - 20% of total revenues. The on-line courses are hosted and designed by nationally recognized licensor but managed by the business.This is a turn-key operation with some More info
The owner of this 25-year-old company is ready to sell the business and retire. His career has been the owner of multiple businesses all of which have been sold with the exception of this one.The company imports a line of both proprietary dry vapor cleaning systems designed and built for commercial use. The equipment runs at a temperature of 311 degrees and a pressure at the nozzle of 72 PSI. Current customers include distributors, commercial end users and the rental businesses. The company also offers parts, service and warranty work as needed. Equipment is sold throughout the US and Canada at margins over 60%. This business would be a great add-on to a business already in the More info
It has been a great 12-year run for the founder/owner/seller of this attractive CNC business with a solid cash flow, but now at retirement age, the owner looks forward to transitioning his business to only its second owner/operator. The company has an outstanding customer base that reads like a Who’s Who in large, “brand name” corporations in heavy equipment and automotive industries, among others.The primary processes used by the company’s seven non-union employees are lathes up to 10” in diameter and milled products. The company has six CNC lathes, five CNC Mills and related support equipment. The approximate value in place of the fixed assets (included in the sale) is $400,000. The More info
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