Managing Partner and Principal of one of Coldwell Banker Commercial's Top 15 Brokerage Firms globally..... Teamed up with my trusted, dependable and dedicated Bernese Mountain Dog "Agent" Palm! You can rely and count on these same traits from both of us!..........and 14 other highly qualified, experienced and trained Commercial Agents!
Your Trusted Minnesota Business Broker, Sale Partner and Advisor
Mike joined Coldwell Banker Commercial Business Brokerage Group after 28 years of extensive background and experience in the private business environment. This included growing his 3rd generation family foodservice equipment and design business, Palm Brothers, from $3M in 1984 to $30M in 2000 and completes a roll-up with seven similar family businesses creating a $200M national distribution company. Since 2000, Mike has financed, acquired and sold over $60M of his businesses he has personally owned providing him unique insights into the issues faced by business owners looking to purchase and/or sell in today’s economy. He has served on the Board of Directors of the National Association of Truckstop Operators (NATSO) and the Food Service Equipment Distributors Association (FEDA). After being recruited by Coldwell Banker Commercial Griffin to develop and head up the Business Brokerage Group, Mike has been recognized in 2013 and 2012 as the #1 Commercial Agent for Coldwell Banker Commercial in Minnesota and #1 in North America in the Hospitality Segment.
Mike is proud to work closely with his son, Mike, Jr., as an integral part of the brokerage team. Over the past few years, Mike sold over $100M of a wide variety of businesses including liquor stores, convenience stores, truckstops, distributorships, motels, resorts, restaurants, sports teams, etc. and his over many years of ownership, operations, and acquisitions provide his clients with real life experience to provide necessary advisory during the complex buy or sell sale process.
Whether you are buying or selling a business, our experienced team and national network work hard for you.
We understand that buying or selling a business can be a complex process. That’s why having the strength and experience of Coldwell Banker Commercial Business Broker on your side can make all the difference. We understand the needs and concerns of both buyers and sellers and can effectively represent your interests when negotiating a business transaction. And understanding makes Coldwell Banker Commercial Business Brokerage distinctly different.
Selecting Coldwell Banker Commercial Business Brokerage Group provides you with a significant advantage that can literally make the difference between a successful business sale outcome and a failed deal. As your Business Broker we will work with you through all aspects of the sale including valuation, marketing your business, meeting with buyers and closing the transaction.
Benefits of using a Coldwell Banker Commercial Business Broker include:
Our marketing strategy draws on the extensive Coldwell Banker Commercial network.
We utilize CBC’s national website (cbcworldwide.com)
as well as our own local websites www.cbcgriffinbusinessbrokerage.com,
and cbcgriffin.com. We also use various media methods, including several independent business brokerage web sites including bizquest.com, bizbuysell.com, and businessbroker.net.
You will conduct your business as usual without interruption. We handle the telephone calls and arrange for a convenient showing time.
We eliminate those buyers that do not have the experience, skills or the money to buy.
In most cases, there is no fee for our services until your business is sold unless the upfront marketing fee and commission discount is selected.
Your employees, customers or competition need not be aware you are selling your business until the transaction is complete.
Coldwell Banker Commercial Business Brokers are trained professionals who are schooled in courtesy and diplomacy. They are ready to help you through the details toward the successful sale of your business.
Coldwell Banker Commercial pays the cost of marketing your business. The ads are written by professionals and you get the results.
Our mediation helps minimize the effect of sellers’ and buyer’s egos in the negotiation process. We look out for your best interest as the Seller and our Client.
We follow up on any prospect without weakening your sales position.
Only 10% to 20% of those buyers who respond to a particular ad buy that type of business. Only one in 400 buy that particular business. Your business will receive exposure to qualified buyers even in weeks when it may not be advertised.