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Michael Greengard

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Successfully Bringing Together Business Owners/Sellers and Business Buyers

Company

Praxis Business Brokers

praxisbusinessbrokers.com

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.

Services Offered

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

About

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.

Areas Served

  • Kent County, MI
  • Oakland County, MI
  • Washtenaw County, MI
  • Macomb County, MI
  • Wayne County, MI

Agents

Serving:
Wayne County, MI

Steve Kandt has assisted numerous business owners in successfully valuing and selling their companies during his twelve years as a business broker. His closed deals have ranged from manufacturing firms to wholesale and distribution companies to...

Serving:
Kent County, MI

An attorney by training, Miles has been involved with small and medium sized businesses since working summer and weekend at the family business during his formative years.

Miles has served as both attorney and broker on dozens deals in...

Serving:
Washtenaw County, MI

Glen Toadvine has successfully represented business sellers since early 2000, having completed many transactions stretching across a variety of industries. His solid business knowledge coupled with his nearly three decades of industry experience and...

For Sale Listings

Established Businesses For Sale

Sold Listings

Listing Headline
Date
Sale Price
Asking Price
Gross Revenue
Cash Flow
7/21/2018
$2,000,000
$2,175,000
$5,100,000
$1,100,000
4/18/2018
$4,000,000
$4,390,000
$3,860,000
$1,200,000
2/14/2018
$2,000,000
$1,975,000
$3,250,000
$580,000
11/03/2017
$1,400,000
$1,490,000
$2,654,000
$480,000
2/16/2016
$2,275,000
$2,275,000
$2,300,000
$670,000

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