Praxis Business Brokers Hundreds of Michigan businesses sold by local business brokers!
On September 2nd, Praxis Business Brokers owner, Michael Greengard, sold the successful automotive aftermarket business, Ziebart of Lansing, for the fourth time in 14 years.
Each seller engaged Mr. Greengard as his exclusive business broker after having purchased the Ziebart of Lansing through Mr. Greengard 1-10 years earlier. We are delighted to report that all parties were pleased with the outcomes from both their buying and selling this business.
Mr. Greengard, who is not a young man, laments that with the 35 year old buyer, his streak of four consecutive sales of the same business will likely end with this recent transaction. He is OK with that as long as the brand new buyer is as successful with Ziebart of Lansing as all the previous owners were.
The 2nd of December (2019) was a day to remember at Praxis Business Brokers. On that Monday, Praxis owner Michael Greengard enjoyed a truly unique accomplishment:
Two unrelated businesses were sold that day by the respective business’s founders/owners who:
Are both women
Are unrelated to each other
Sold completely different businesses
Are 30 years apart in age
Lived next door to each other in East Grand Rapids
The buyers are:
Both women
Both first time business owners
Both Kent County residents
We are pleased to report that 10 weeks later:
Both businesses are flourishing
The buyers are thrilled with their acquisitions
One seller has already moved (permanently) to Florida
The other seller is enjoying a well-earned life of leisure in West Michigan
How fun and gratifying was that for Mr. Greengard and Praxis Business Brokers!
Take a look at our updated list of over 100 tombstones (completed sales announcements) under the “Completed Transactions” dropdown and an impressive list of business owners (under “News and Articles”) delighted with the successful efforts of Michael Greengard (owner of Praxis Business Brokers) in selling their businesses.
The Brokers of Praxis celebrate 10 years in business brokerage with the 300 mark of completed transactions in sight. To learn how Praxis can help you sell or buy a business, please contact us for a no charge, no obligation consultation.
We are pleased that the Michigan Chamber of Commerce produced a promotional video featuring Praxis President, Michael Greengard. We encourage you to spend two minutes or so to view this interesting and straightforward video (link below).
The weather in July was hot while deal activity at Praxis was sizzling. On July 5th a good size closing pushed the total closed deal value at Praxis to over $400,000,000! That of course means that $400 million has been paid to our seller clients – a terrific milestone for our organization and our business owners.
And on August 1st we begin the month with a record ten active listings under contract (accepted LOI’s in place). Such a wealth of upcoming closings is certainly a bellwether of an outstanding late summer and early fall at Praxis.
Please contact us in confidence (no-charge, no-obligation) to learn how we can help you sell your business.
During the last week of January Praxis brokers received offers on seven different listings adding up to nearly $20,000,000 of deal value. The businesses are located in six separate counties (Ottawa, Kent, Montcalm, Oakland, Macomb, Livingston) and encompass four distinct industries: manufacturing, service, entertainment, and agriculture.
To learn how Praxis can help you sell or buy a business, please contact us for a no charge, no obligation consultation.
Praxis is pleased to report that in November, ten new listings were added to our portfolio of businesses for sale. The two largest new listings averaged $7.0 million (listing price), and the next three averaged $2.5 million. There were also five smaller listings averaging just under $500,000 each. All in all, in November we added nearly $25.0 million of new listings for our active business buyers to consider.
Kudos to long time Praxis broker Glen Toadvine who on July 2nd closed on the sale of a business he listed only 16 days earlier – a Praxis record for sure and maybe an all-time record for the fastest business sale ever to a previously unknown buyer.
In June, the owner of a successful SE Michigan service business died suddenly. The deceased’s attorney recognized that the business must be sold quickly to avoid a deterioration in value. The solution? Call Praxis broker Glen Toadvine who has a long history of successfully responding to challenges of business transactions of all sorts. 16 days later the business was under the new ownership of a corporate buyer from Ohio.
If you want to explore the challenges of selling your business, we suggest you call Glen at 734-929-9032 or email him at glen@praxisbusinessbrokers.com.
We will long remember the week of June 1st. On Monday, a Lansing design and build business was sold to a Tennessee private equity group. On Tuesday, a West Michigan professional firm was purchased by a strategic buyer from Berrien County. On Wednesday, a Grand Haven financial buyer closed on the purchase of an attractive metal fabrication business, and on Thursday, an Oceana County strategic buyer purchased a large wholesale/retail distribution business. In total, well over $20,000,000 of deal value was delivered to our four seller clients. To learn how you can join our growing list of satisfied sellers, please contact a Praxis broker to schedule a confidential, no-charge, no obligation meeting.
Experienced Business Brokers
The five business brokers at Praxis have over 35 years of combined business brokerage experience and over a century of “real world” business experience. We have lived and breathed your side of business so we respect, understand, and appreciate what you do and what you have accomplished. At Praxis, we have successfully completed more than 100 transactions. We will be pleased to give you a comprehensive list of pleased business sellers.
Confidentiality and Our Offices
We believe that complete confidentiality is our first job. Our business model protects you from employees, customers, competitors, suppliers, and bankers learning about your contemplated business sale until you are ready for them to know. We offer business owners and business buyers a completely confidential process while exploring selling or buying a business.
The Praxis offices are an ideal location for private meetings. We are located in a free standing, conveniently located office building in a large office park. There are no other financial or transactional tenants in our building. As such, we can offer complete privacy and confidentiality to both our existing and potential clients in which to explore selling or buying a business.
Finally, we understand you might not be available during normal business hours to discuss a contemplated sale of your business. Praxis brokers are available by cell phone, through emails, via fax, and/or through live operators at our 24/7 call center. Meetings can be scheduled after hours and/or on weekends. We can meet in our offices, at your business site, or a “neutral” location (such as a coffee shop). We recognize your comfort throughout the process of transitioning your business in an integral component of our success.
Consultations
Consultations are always without charge or obligation, and Praxis operates exclusively on success fees. That means there are no upfront fees or charges. We are paid at the closing table, just like the business seller.
Contact Us
To learn more about how Praxis Business Brokers can help you, please call, fax or go to the ‘contact us’ section of this website to send us an email..
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Company Information
Praxis Business Brokers
529 32nd Street SE
Grand Rapids, MI 49548
Praxis Business Brokers is proud to announce the purchase of "The Carriage House" at 509 Franklin in downtown Grand Haven. The Carriage House will be home to the second Praxis office. We will also be sharing our building with a few tenants from the West Michigan legal community. We are excited about having this beautiful Lakeshore facility to serve our buyers and sellers living near Lake Michigan.
Praxis Business Brokers is proud to announce the purchase of "The Carriage House" at 509 Franklin in downtown Grand Haven. The Carriage House will be home to the second Praxis office. We will also be sharing our building with a few tenants from the West Michigan legal community. We are excited about having this beautiful Lakeshore facility to serve our buyers and sellers living near Lake Michigan.