Communication Is Key

Ryan did an outstanding job handling the acquisition of Aactus, Inc. This was not a simple deal, and it would not have closed without his involvement. Ryan was honest, transparent, responsive, and professional throughout the entire process. He communicated clearly, stayed engaged from start to finish, and addressed issues head-on rather than glossing over them. I always felt informed and confident in where things stood. I would absolutely work with Ryan again and would recommend him without hesitation to anyone considering buying or selling a business.

Honesty Comes First

For anyone without a solid exit strategy and a viable business I highly recommend speaking with Ryan.

He is trustworthy and honest and was by my side from start to finish in the sale of my company allowing me to enjoy retirement. He was able to put a value on it, market it, find legit buyers and help close the deal and all of us were happy. The new owners are doing fantastic and continue to grow the business and I have Ryan to thank. In this world full of scammers it is rare to find a gem like Ryan willing to roll up his sleeves and do the hard work without shortcuts!

Highly recommend Praxis and Ryan.

A Challenging Property and Niche Business

Ryan represented our companies in the extraordinarily difficult task of selling a massive post-WWII commercial property near Bay City, Michigan's downtown business district. The property included two bars, a 24-lane bowling alley, two commercial kitchens, and some aging structures making it a challenging property to find an interested buyer.

From listing to closing, Ryan went above and beyond and handled every facet of the transaction. His expertise and professionalism made it possible for this deal to close after almost a year in the works. I highly recommend Ryan for any commercial listing or search you may have. He is a step above the rest.

Two Qualified Buyers in 60 Days — Sold Above Valuation

In January of 2010, I made the decision to sell my custom computer manufacturing company so that I could fulfill my dream to become a corporate attorney. I worried that finding a qualified buyer and completing due diligence towards the execution of an asset purchase agreement would take substantial time as I had anticipated enrolling in law school that fall. Within just 60 days, Steve found two qualified buyers who ended up bidding against each other for a price higher than my original valuation. Better yet, Steve also negotiated my retention of a small percentage of equity in perpetuity. PerformancePC.Net continues to grow under new ownership. Overall, I couldn't have had a better experience. Steve's expertise and high integrity are self-evident from first encounter. I wholeheartedly endorse Steve for the sale of your business and am confident that you'll be pleased with the results.

A True Professional Who Goes Above and Beyond for His Clients

I wanted to take a moment to express my sincere appreciation for the work that Steve Kandt performed during the sale of my HVAC business. I found him to be very professional at all times as well as informative. He always returned my calls promptly … His work ethic and dedication to me the customer was nothing short of outstanding! In this day and age, I have found it difficult to find people that are dedicated to customer service. Steve Kandt is one of those few who still cater to the customer, takes pride in his work and does an outstanding job for his clients.

A Thoughtful, Well-Balanced Approach That Delivered Results

The purpose of this letter is to thank you for the fine job you did for us in support of the recent sale of our business. We have truly appreciated your “real world” business experience, broad based “sale of business” expertise, plus a willingness to listen and to advise whenever each was appropriate.

Your guidance toward determining the valuation and asking price for our business was based on solid economic logic, aimed at arriving at a price that would make sense to both buyer and seller. We certainly agreed with this approach.

We also wanted a confidential listing that would not become public information until the business was sold. You and Praxis accomplished that very well, and we very much appreciate it. In sum, we could not have asked for a more professional and competent relationship with a business broker than we have had with you. We would be pleased to recommend you and Praxis Business Brokers to other business owners who are contemplating the sale of their business.

Thorough Analysis and Expert Preparation Led to Multiple Offers

I wanted to send a note of appreciation for all you did in preparing us to sell our business. My partner and I were very impressed with your through analysis of our business and the time you took investigating who we were as a company, our place in the audio-visual market, and how we dealt with our completion.

Your assistance in managing the many of the details in listing the business, the financial reports, employee considerations, and dealing with the assets involved was appreciated.

The estimated sales price of our business was much higher than we expected, but once the business was listed, it appeared to be very accurate, because of the multiple offers we received at the asking price...

Thanks again for all your efforts…

Expert Valuation and a Smooth Sale From Start to Finish

When I first spoke with Steve I did not know if there was a market for a niche commercial electrical contracting business like mine. After just a couple conversations Steve was able to give me a realistic value of what my business was worth on the market. Within 5 months we had multiple offers and were able to close a deal. Steve was extremely knowledgeable every step of the way and most importantly I always felt like he had my best interest at heart. Our entire experience was excellent and I would highly recommend Steve.

Expertly Keeping Everyone Focused on the Goal

I have come to believe the Praxis' sale of a business isn't just finding a buyer and working thru the process but it is a counseling service. There is so much emotion involved in selling a business that has been all consuming for so long that it is hard to keep focused on the target which is selling to a competent buyer for the best price possible. You really were the team leader that helped keep my accountant, my attorney and myself heading in the right direction. For that I am very appreciative. I can think back on several ways I could have gone off track or made a decision from emotion, that you kept things moving forward.

Expert Guidance and Genuine Care From Start to Finish

When I first started to consider listing my business for sale I did some snooping and interviewed a few brokers. I decided to meet with Mike because my accountant had recommended I do so. I knew from our first meeting that I was going to like him. He appeared to have impressive grasp of small business, vast experience and a sense of humor. There was an immediate connection.

This was my first and likely only business sale transaction. Mine is a small company that I closely held for almost 37 years. I was very cautious about all things. Mike was able to help me navigate the many potholes along the way, many of which I created myself. His patience was helpful in keeping the process on track, especially after it came off that track a few times. The recent process of selling my business was a tiresome and emotional experience. Mike’s involvement clearly was helpful in bringing about a happy conclusion for both the buyer and me.

Sold Our Restaurant During a Pandemic — Thanks to Praxis

From the first minute, Praxis has been attentive to our needs and has gone above and beyond to make certain that we found a deal that was beneficial to us. In this climate of dine-in closure due to the pandemic, restaurants are virtually impossible to sell for any reasonable amount. Yet even with this being the case, Mike Greengard spent the time and effort necessary to find us a buyer and close the deal! I feel lucky to have found Praxis and am grateful to Mike for his persistence and knowledge. He knows his business extremely well and has consistently known the direction and amount to negotiate. His experience allowed him to see the value of our business and what makes it special. We tip our hat to Mike Greengard.

Guided With Expertise Through Every Economic Storm

I purchased my business in Aug. 2010 and sold it Sept. 2020. Mike Greengard was the business broker for both transactions. What is significant in these transactions is the purchase occurred during a recession and the sale occurred during a pandemic. In any buyer/seller agreement there are challenges between the multiple parties and it is up to the broker to complete the sale and overcome the hurdles thrown at him. Mike Greengard was able to complete the Purchase/Sale of the business given these two major hurdles that are unprecedented in normal times. Mike's knowledge of all aspects of business; banking, finance, taxes, inventory, business valuation, etc. coupled with his knowledge of the people side of business is what makes him a true asset to a potential buyer or seller.