Meet our Team
Our experienced agents understand the needs and concerns of both buyers and sellers and can effectively represent your interests.
Michael Palm, Sr.
B.S., Business, Arizona State University
Mike joined Coldwell Banker Commercial Brokerage Firm in 2011 after 28 years of extensive background and experience in the private business environment. This included growing his 3rd generation family food service equipment and design business, Palm Brothers, from $3M in 1984 to $30M in 2000 and completed 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 was 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.
Over the past few years, Mike sold over $200M of a wide variety of businesses including manufacturing, marinas, floral stores, hotels, liquor stores, convenience stores, truck stops, 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. Mike was also recognized as the Top Business Listing Group and achieved Top Producing Agent for 2010 for Calhoun Companies, #1 Agent for Coldwell Banker Commercial in Minnesota in 2012 and 2013 and #1 Agent in North America in the Hospitality Market Segment for Coldwell Banker Commercial in 2012 and 2013. Mike subsequently acquired the brokerage firm in 2014 and operating under the name of Palm Commercial Brokerage since 2018.
Mike and his wife Shannon of 37 years, have 4 boys including Michael Jr (36), Trent (33), Chris (30) who is an agent with Palm Commercial Brokerage and Ryan (30). In September of 2017, Mike and Shannon welcomed a new grandson, Christopher to the family. Mike and his wife currently reside in Wayzata, MN with their Bernese Mountain dog named “Broker”. Mike has served on several Board of Directors on various trade associations over the years and earned his Business Degree from Arizona State University.
Michael Palm, Jr.
B.S., Business, Arizona State University
Mike, Jr. has been a member in the Business Brokerage Group for over 10 years and as a team have achieved the #1 ranked 2012 and 2013 Agents with Coldwell Banker Commercial in Minnesota and also Top 1% in all of North America. The various market segments served are restaurants, bars, hotels, resorts, truck stops, computer services, retail stores, auto repair, manufacturing, sports teams, convenience stores and many other businesses throughout the Midwest.
Mike was also a member of the Business Brokerage Team that was awarded the #1 Coldwell Banker Commercial Agents in 2012 and 2013 sales in the Hospitality Market Segment in North America as this is a specialty focus given the many deep relationships and 100 year reputation of the 4th generation family business, Palm Brothers Food Service Equipment/Design.
Mike is currently working on several businesses in various stages of listing, marketing, Letters of Intent, Purchase Agreements, and sales/closings. The Business Brokerage Team takes great pride in serving its clients and analyzing the right valuation, sourcing the best Buyers and assisting in the transition to new opportunities and interests for its selling business Owners.