Michael N. Palm, Sr.
Michael N. Palm, Sr. joins Coldwell Banker Commercial Business Brokerage Group after 28 years of extensive background and experience in the private business environment.
His experience includes growing his own 3rd generation family foodservice equipment and design business, Palm Brothers, from $3M in 1984 to $30M in 2000 and completed a roll up of seven similar companies 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 recognize 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 was recognized as the Top Listing Group and Top Individual Producer for 2010.
His many years of ownership, operations, acquisitions provide his clients with real life experience to provide necessary advisory during the complex buy or sale process.