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Michael Greengard

Praxis Business Brokers

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Fax: 616-825-5984

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P.O. Box 518,
Ada, Michigan 49301 (View Map)

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.

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.

Broker Biography

Michael Greengard (616) 450-0707

Introduction

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. Mr. Greengard 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 Mr. Greengard’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. Mr. Greengard’s completed transactions cover a broad range of industries including manufacturing, distribution, service, retail, and e-commerce.

Prior to entering business brokerage, Mr. Greengard spent 25 years in industry. He was actively involved as a partner or100% owner in a number of mid-market manufacturers. Mr. Greengard’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, Mr. Greengard brings a rare understanding of and sensitivity for business owners as they address transitioning their businesses to new ownership.

Mr. Greengard has a B.S. from Yale University and a M.B.A. from Columbia University. He and his wife Lori are 25 year residents of Ada, Michigan where they live with their three shelter dogs. They have a daughter at Central Michigan University and a son at George Washington University Law School.

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 of your business. We will be glad to explain all the safeguards Praxis employs to protect the confidential nature 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 dis

Areas Served

  • Kent, MI
  • Oakland, MI
  • Washtenaw, MI
  • Macomb, MI
  • Wayne, MI
  • Business For Sale Listings

    $685,000
    Ingham Co., MI  Agent: Steve Kandt
    View Details 
    Very High Cash Flowing Mid-Michigan Restaurant

    The owner of this popular, mid-Michigan landmark restaurant has operated it successfully on a part-time basis for 17 years, but he has now reached the age that he needs to start winding down his business activities which will start with his plan to sell this very profitable and cash flowing restaurant.Located in a major city, the business is located just minutes off a U.S. highway. The real estate is owned by the seller who will lease the restaurant for $60,000 annually - a very favorable 4% of the nearly $1.5 million of annual revenues. The 4260 sf facility seats 170 and has a 100 car parking lot. The business comes with a full liquor license and is open 13 hours a day, seven days a week. More info

    $430,000
    Cash Flow: $190,000 
    Oakland Co., MI  Agent: Steve Kandt
    View Details 
    Profitable Medical Equipment Repair Business - Sale Pending

    It has been a great 35-year run for the founder/owner/seller of this nicely profitable niche business specializing in repairing medical equipment, but now at retirement age, the owner looks forward to transitioning his company to only its second owner-operator. Located in a leased 1800 square foot space on a well-traveled road in a desirable community in SE Michigan, the company enjoys a very favorable rent at only 2.0% of revenues. Facing only two competitors in the company’s marketing area, the business services customers throughout Southeast Michigan, including the Metro Detroit area and stretching to Port Huron, Flint, Saginaw, and Bay City to the north. The business also services More info

    $810,000
    Cash Flow: $300,000 
    Michigan  Agent: Steve Kandt
    View Details 
    Very Profitable, High Margin Environmental Service Business

    It has been a great 17 year run for the founder-owner-seller of this very successful mold remediation business; however, the owner now looks forward to retirement after transferring his company to only its second owner. His imminent retirement could be your opportunity.This Michigan based business is located in a 2400 square foot facility in a conveniently located industrial park in mid-Michigan. The buyer can continue to rent the facility at a favorable $2,000 monthly rate (an attractive 4% of revenues) or relocate the business to suit buyer preferences.The business has consistent annual revenues of $600,000 which is heavily (90%) derived from high margin residential customers. The 10% More info

    $1,700,000
    Michigan  Agent: Glen Toadvine
    View Details 
    Manufacturer of Branded Equipment-Plastic Industry

    This venerable Michigan manufacturer of material conveyance systems has been going strong for 70 years, and with the owners now at retirement age, they look forward to an orderly transition of their successful business to new owner-operators.The company’s 28 experienced, loyal, long-time employees design, engineer, manufacture, sell, and install proprietary lines of equipment across the United States, Canada and Mexico. Installations range from single pieces of equipment to entire bulk resin systems with $1,000,000 price tags. The equipment product lines are continuously re-engineered and refined resulting in products which are best in class and the most efficient on the market today. The More info

    $395,000
    Cash Flow: $55,000 
    Allegan Co., MI 
    View Details 
    Landmark Lake Michigan Art Gallery (and more)

    This cash flowing, value-priced business is truly one of a kind. Consider these attributes which reflect totally prohibitive barriers to entry:• The business is located in the most desirable community on the West Shore of Lake Michigan.• The business is housed in a wonderful 10,000 square foot historic structure which resides on a four acre parcel with beautiful grounds including two patios, a garden, a restored 1,000 square foot barn and on-site parking.• This seasonal business is closed during the winter months allowing the owner and his staff of six loyal and knowledgeable (in both art and wine) employees to go south during the 90 day annual down period of the business.• There are two More info

    $125,000
    Cash Flow: $80,000 
    Kent Co., MI 
    View Details 
    Profitable, High-End Residential Cleaning Business in W. Michigan

    The founder-owner-seller of this profitable, high-end residential cleaning business has enjoyed a five year history of double digit year-over-year growth; however, a growing family has now stretched the owner too thin, to the point where selling the business appears to be the most logical decision. The seller’s situation could be your opportunity.The business operates within an incredibly small footprint of only a two mile radius from its attractive 800 square foot office in West Michigan’s wealthiest community. Rent is only 3.0% of revenues. With a roster of 100 (+) clients, there is no client concentration - the largest client accounts for just 2.4% of the company’s $400,000 of annual More info

    $175,000
    Cash Flow: $55,000 
    Flint, MI 
    View Details 
    Profitable Niche Automotive Parts Distribution

    It has been a great 25 year run for the founder-owner-seller of this profitable auto body panel replacement business, but age and health issues have combined to force the owner to plan to sell his business to only its second owner-operator.Talk about great opportunities: the business could not be better located - it is right in the heart of the Eastern Michigan Mega Auto Auction facility. Couple the ideal location with the fact that the seller has fallen way behind standard business IT and marketing practices (examples: there is neither a website nor cell phone) which should be easy fixes that bode well for a growth-minded buyer.The business generates new customers exclusively from positive More info

    $270,000
    Cash Flow: $125,000 
    Wayne Co., MI  Agent: Steve Kandt
    View Details 
    Well-Established B to B, High Cash Flowing Business Opportunity

    If you or a family member is looking for an established b to b business with sane hours, few employees, seller transition training, a modest purchase price, and a six-figure cash flow, then read on as this could be the opportunity for you.It has been a great 24-year run for the founder-owner-seller of this successful multifaceted business which specializes in retail awards, engraving & promotional products, and the like, but it is now time to transition his company to only its second owner-operator. The business has numerous revenue streams: plaques (21% of sales); trophies (13%); promotional products (7%); medallions (6%); acrylic awards (7%); engraved plates (4%); name badges (6%) with any More info

    $119,000
    Cash Flow: $85,000 
    Kent Co., MI 
    View Details 
    Successful, Profitable, Value-Priced Home Inspection Service

    It has been a great 15 year run for the owner-operator of this successful West Michigan business doing home inspections, water testing, septic and well flow evaluations, pest inspections and the like. He has now reached a point in his life where he wants to pursue his dream vocation in a totally unrelated, non-competitive endeavor. His decision could be your opportunity.With no employees and an exclusive West Michigan marketing area of 1,000,000 people, this business has been operated as home-based which can be managed from either the buyer’s home or a small office.With consistent annual revenues averaging $160,000, the seller feels there are significant untapped growth opportunities and More info

    $119,000
    Cash Flow: $85,000 
    Kent Co., MI  Agent: Miles Greengard
    View Details 
    Successful, Profitable, Value-Priced Home Inspection Service

    It has been a great 15 year run for the owner-operator of this successful West Michigan business doing home inspections, water testing, septic and well flow evaluations, pest inspections and the like. He has now reached a point in his life where he wants to pursue his dream vocation in a totally unrelated, non-competitive endeavor. His decision could be your opportunity.With no employees and an exclusive West Michigan marketing area of 1,000,000 people, this business has been operated as home-based which can be managed from either the buyer’s home or a small office.With consistent annual revenues averaging $160,000, the seller feels there are significant untapped growth opportunities and More info

    $824,000
    Cash Flow: $277,000 
    Michigan 
    View Details 
    Two Very High Cash Flowing Tobacco/Vape/Glass/CBD Stores

    If a West Michigan retailer (specializing in make your own cigarettes, vaping, cigars, CBD products, glass and other accessories and the like) with two, well-located stores in desirable communities with minimal rent, sane hours, and a SDE (seller’s discretionary earnings - the historic cash flow available for a buyer’s salary and to service debt) of a whopping $277,000 annually sounds appealing, read on as this could be the business opportunity for you.Year after year the two stores have combined annual sales exceeding $1,000,000 and have averaged $1,100,000 annually over the past four years. And this with stores that are only open 59 hours per week (10-7 daily; and 12-5 Sundays). A modest More info

    $180,000
    Cash Flow: $100,000 
    Michigan 
    View Details 
    Outstanding Large Gymnastics Business with Great Pricing and Terms

    It has been an absolutely great 40 year run for the founder-owner seller of this spacious, gorgeous, purpose built 16,000 square foot destination gymnastics studio (and so much more…keep reading). The owner recognizes that all good things must end so he looks forward to selling the business to only its second owner and then joining his spouse in retirement.The owner, as would be expected, loves this business and its 700 clients, and as a result will offer the business under very attractive price/terms to the right buyer who will maintain the pristine reputation of this decades old regional destination business.Ideally located in an upscale commercial district in the most desirable city in More info

    $1,395,000
    Cash Flow: $325,000 
    Jackson Co., MI 
    View Details 
    Value Priced, Profitable Manufacturer of Outdoor Vinyl Products

    The founder-owner-seller of this successful, attractive, and value-priced 32 year old manufacturing business has now reached retirement age and, as such, looks forward to transitioning his business to only its second owner-operator.Located in a desirable mid-Michigan community, the business and its 19 non-union employees operate in an attractive 50,000 square foot late model facility which offers manufacturing, warehousing, office, and showroom under one roof. 2/3’s of the employees are seasonal, working the eight temperate months. The real estate, owned by the seller, may be purchased in a separate transaction for an attractive combination of price and terms. Alternatively, the buyer may More info

    $539,000
    Cash Flow: $215,000 
    Kent Co., MI 
    View Details 
    Very Profitable Spray Foam Insulation Business - Sale Pending

    After a great 15 year run in the spray foam insulation business, the owner plans to sell his successful and highly profitable West Michigan company to a new owner-operator and retire after an adequate transition period for the buyer.The business is housed in a functional and attractive 4,200 square foot commercial condo in a desirable West Michigan light industrial area. The site is conveniently located two minutes from a major highway. The condo is owned by the seller and available for lease or purchase under favorable terms. Alternatively, the successful buyer can elect to relocate the business elsewhere. There are three (not counting the owner) well compensated, non-union, W-2 employees. More info

    $395,000
    Ingham Co., MI 
    View Details 
    Nicely Profitable Multi-faceted B2B Marketing Products Business

    What a great time to investigate purchasing this nearly 30 year-old Mid-Michigan marketing, sign and graphics company. The founder-owner-seller, now residing in Florida for a significant portion of the year, has become an absentee owner and part-time operator. And guess what? In his absence, the business just landed the largest project in the company’s history. The business can now add this new primo institutional customer to its recurring base of highly desirable “b to b” customers which reads like a Who’s Who of Michigan business and industry. There is no customer concentration.The seller is offering his business, which has historical annual revenues of $500,000, for $395,000 which More info

    $1,070,000
    Ottawa Co., MI 
    View Details 
    Very Successful Designer and Builder of Plastic Injection Molds

    For 35 consecutive years, this attractive, business has had two reliable, solid, profit centers:1. Designing and Building Molds for the Plastic Injection Molding Industry2. Specialty Machining of Short Run Parts for a Variety of IndustriesWhile it has been a great run for the founder-owner-seller, he now plans a gradual slowdown after transitioning his business to only its second owner.The company is housed in a functional, freestanding 6,000 square foot facility in a desirable West Michigan community. The highly favorable rent is only 2.5% of revenues. There are six well compensated non-union employees (including the founder-owner-seller) working a single shift. The business has literally More info

    Glen Toadvine Serving Washtenaw County, MI

    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. Mr. Greengard 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 Mr. Greengard’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. Mr. Greengard’s completed transactions cover a broad range of industries including manufacturing, distribution, service, retail, and e-commerce. Prior to entering business brokerage, Mr. Greengard spent 25 years in industry. He was actively involved as a partner or100% owner in a number of mid-market manufacturers. Mr. Greengard’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, Mr. Greengard brings a rare understanding of and sensitivity for business owners as they address transitioning their businesses to new ownership. Mr. Greengard has a B.S. from Yale University and a M.B.A. from Columbia University. He and his wife Lori are 25 year residents of Ada, Michigan where they live with their three shelter dogs. They have a daughter at Central Michigan University and a son at George Washington University Law School.

    Steve Kandt Serving Wayne County, MI

    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. Mr. Greengard 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 Mr. Greengard’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. Mr. Greengard’s completed transactions cover a broad range of industries including manufacturing, distribution, service, retail, and e-commerce. Prior to entering business brokerage, Mr. Greengard spent 25 years in industry. He was actively involved as a partner or100% owner in a number of mid-market manufacturers. Mr. Greengard’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, Mr. Greengard brings a rare understanding of and sensitivity for business owners as they address transitioning their businesses to new ownership. Mr. Greengard has a B.S. from Yale University and a M.B.A. from Columbia University. He and his wife Lori are 25 year residents of Ada, Michigan where they live with their three shelter dogs. They have a daughter at Central Michigan University and a son at George Washington University Law School.

    Miles Greengard Serving Kent County, MI

    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. Mr. Greengard 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 Mr. Greengard’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. Mr. Greengard’s completed transactions cover a broad range of industries including manufacturing, distribution, service, retail, and e-commerce. Prior to entering business brokerage, Mr. Greengard spent 25 years in industry. He was actively involved as a partner or100% owner in a number of mid-market manufacturers. Mr. Greengard’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, Mr. Greengard brings a rare understanding of and sensitivity for business owners as they address transitioning their businesses to new ownership. Mr. Greengard has a B.S. from Yale University and a M.B.A. from Columbia University. He and his wife Lori are 25 year residents of Ada, Michigan where they live with their three shelter dogs. They have a daughter at Central Michigan University and a son at George Washington University Law School.

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