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Michael Greengard

Praxis Business Brokers

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Fax: 616-825-5984

praxisbusinessbrokers.com


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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

    $300,000
    Cash Flow: $100,000 
    Michigan  Agent: Glen Toadvine
    View Details 
    Court Referred Education Programs

    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

    $2,800,000
    Macomb Co., MI  Agent: Steve Kandt
    View Details 
    Very profitable, Asset Rich Machine Tool Business

    It has been a great 35 (+) year run for the two owners of this successful southeast-Michigan machine tool business, and they now look forward to retirement after transitioning their company to only the second owners in its long history.Located in an attractive newer 27,000 sf facility which was built expressly for the business, the building is located in an industrial park in a desirable community with easy access to nearby freeways. The building has a 24 ft high ceiling and two 15-ton cranes. There is ample space for additional equipment if needed. The real estate, which is owned by the sellers, can be leased at a favorable rate or purchased in a separate transaction.The business has a More info

    $395,000
    Ingham Co., MI 
    View Details 
    Very Attractive Sign and Graphics Business

    What a great time to investigate purchasing this nearly 30 year-old Mid-Michigan 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 customers which reads like a Who’s Who of Michigan businesses.The seller is offering his business which has historical annual revenues of $500,000, for $395,000 which includes a backlog of new business approaching $300,000. The business runs smoothly with the 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

    $2,100,000
    Cash Flow: $625,000 
    Michigan 
    View Details 
    High Cash Flowing Niche Service Business-SALE PENDING

    It has been a great 22 year run for the founder/owner/seller of this outstanding and very successful service business which also has a major profit center in rentals of specialized equipment. The list of the company’s service offerings is both lengthy and impressive. The seller has now reached retirement age and looks forward to transitioning his well-established, high cash flowing company to new ownership.With offices located in desirable communities across Michigan, the combined rent of the company’s leased facilities is a favorable 5.0% of revenues. Skilled, loyal, non-union employees cover the offices while working with corporate, hospitality and institutional clients, which comprise a More info

    $295,000
    Cash Flow: $128,000 
    Wayne Co., MI  Agent: Steve Kandt
    View Details 
    High Cash Flowing and Well-Established B2B Opportunity

    It has been a great 24-year run for this successful multifaceted business which specializes in retail awards, engraving & promotional products, but it is now time for the original owner to transition the company to only its second owner-operator. The business has numerous revenue streams: plaques (21.5% of sales); trophies (13% of sales); promotional products (7%); medallions (6%); acrylic awards (7.1%); engraved plates (4%); name badges (6%) with several other categories comprising another 35% of sales. And all this with only three full-time and one part-time employee to help the seller.Operating out of a leased 2,150 sf building (1250 in retail space, 900 in storage space) on a More info

    $200,000
    Michigan  Agent: Glen Toadvine
    View Details 
    Importer and Distributor of High Margin Vapor Cleaning Equipment

    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

    $670,000
    Cash Flow: $227,000 
    Michigan  Agent: Glen Toadvine
    View Details 
    CNC Machine Shop with Great Customer Base - SALE PENDING

    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

    $425,000
    Cash Flow: $170,000 
    Oakland Co., MI  Agent: Steve Kandt
    View Details 
    Profitable Medical Equipment Repair Business

    It has been a great 34-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 3.0% 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

    $149,000
    Cash Flow: $70,000 
    Oceana Co., MI 
    View Details 
    Profitable West Michigan Irrigation Sales & Service

    The long time Founder/Owner of Oceana Counties premiere Irrigation Sales and Service Company has decided to pass his business on to only its second owner so he can pursue his retirement plans. This growing company is located in a popular West Michigan vacation area, and has 350 plus active, loyal customers who trust them to start up their systems up every spring and winterize them every fall. Designing, selling and installation of new irrigation systems are a big part of the $175,000 plus annual revenue. The company is owned and operated by one mature retirement age man, and he seldom, if ever, needs to hire outside labor to help him perform all the elements of owning this great business. 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.

    Tim Carter 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.

    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.

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