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Calhoun Companies

Business Brokerage · Founded 1908 · Updated October 2026

MN Website 952.831.330028 people
Current deals $1M–$31MInternational Business Brokers Association (IBBA)M&A SourceBBB Accredited BusinessNFIB The Voice of Small Business
Active in

Based on current listings; this profile has not stated a specialty.

About Calhoun Companies

At Calhoun Companies, owners of small- to mid-sized businesses receive support with sales, acquisitions, and valuations. The firm also handles commercial real estate transactions. Its specialized M&A division addresses corporate transactions involving complex structures, proprietary technologies, or intricate legal requirements. Calhoun Companies serves Minnesota and the upper Midwest across virtually every industry. The firm combines regional buyer knowledge with national marketing through IBBA and M&A Source partnerships. Its valuation work examines financial performance, business assets, customer concentration, and owner involvement. Sellers pay transaction-based compensation without upfront seller fees.

Who is a good fit for Calhoun Companies

  • Owners of small- to mid-sized businesses seeking support with a sale in the upper Midwest.
  • Buyers seeking acquisition opportunities with assistance throughout the purchasing process.
  • Corporate owners navigating transactions involving proprietary technology, larger infrastructures, or complex legal structures.

Service areas

MinnesotaWisconsinIowaNorth DakotaSouth DakotaUpper MidwestWorldwide

Brokers and advisors at Calhoun Companies

Shaun Jackson, Sr.

Business Broker · Calhoun Companies

MN

11 active listingsDeals $1.1M–$31M

Bob Cardinal

Business Broker · Calhoun Companies

MN

4 active listingsDeals $1.3M–$10MSt. Paul Rotary Club #10

Jesse Lutgen

Business Broker · Calhoun Companies

MN

3 active listingsDeals $2.1M–$3.5M

Tim Murphy

Business Broker · Calhoun Companies

MN

3 active listingsDeals $1.1M–$10.1M

Katie Black

Business Broker · Calhoun Companies

MN

2 active listingsDeals $1.1M–$3Madvanced certification in valuations

Chris Lappen

Business Broker · Calhoun Companies

MN

1 active listingDeals $4.8M

James Hammer

Business Broker · Calhoun Companies

MN

1 active listingDeals $1.5M

Jim Underwood

Business Broker · Calhoun Companies

MN

1 active listingDeals $5M

Jon Tichich

Business Broker · Calhoun Companies

MN

1 active listing

Mike Bartholow

Business Broker · Calhoun Companies

MN

1 active listingDeals $1.9M

Robert Warrick

Business Broker · Calhoun Companies

MN

1 active listingDeals $2.5MCRPC®Series 7 and 66 FINRA

Steve Bragg

Business Broker · Calhoun Companies

MN

1 active listingDeals $4.5MCertified Business Intermediary (CBI)

Adam Mueller

Business Broker · Calhoun Companies

MN

Andrea Brovold

Business Broker · Calhoun Companies

MN

Andy Kocemba

Business Broker · Calhoun Companies

MN

International Business Brokers AssociationMinnesota Chamber of Commerce

Bob Conyers

Business Broker · Calhoun Companies

MN

Cole Pederson

Business Broker · Calhoun Companies

MN

Dan Hodgson

Business Broker · Calhoun Companies

MN

Duane Johnson

Business Broker · Calhoun Companies

MN

Dustin Antoine

Business Broker · Calhoun Companies

MN

Jack Deters

Business Broker · Calhoun Companies

MN

Jean-Marc Johnson

Business Broker · Calhoun Companies

MN

Jeff Krieg

Business Broker · Calhoun Companies

MN

B.A.

Manoj Moorjani

Business Broker · Calhoun Companies

MN

Shawn Stumphf

Business Broker · Calhoun Companies

MN

CPACFE

Stan Gibbs

Business Broker · Calhoun Companies

MN

Steve Deters

Business Broker · Calhoun Companies

MN

Wally Kocemba

Business Broker · Calhoun Companies

MN

Businesses for sale from Calhoun Companies

Shipping Container Sales & Rentals - 12016SLB

MN area

Asking price
$4.5M
Cash flow (SDE)
$1.7M

Added Oct 12, 2026 · 3 days ago

Licensed and Operational Cannabis Cultivation Company - 12017JT

MN area

Asking price
N/A
Cash flow (SDE)
$7.5M

Added Oct 12, 2026 · 3 days ago

245D Home Care & 144G Assisted Living - 12018SJ

MN area

Asking price
$8.6M
Cash flow (SDE)
$1.5M

Added Oct 12, 2026 · 3 days ago

Northern Minnesota Restaurant - 12014JH/SLB

MN area

Asking price
$1.5M
Cash flow (SDE)
$244K

Added Oct 4, 2026 · 12 days ago

Established Equipment Dealer - 12012JU

MN area

Asking price
$5M
Cash flow (SDE)
$826K

Added Sep 30, 2026 · 2 weeks ago

Award Winning Midwest Restaurant Group - 12011TRM

Location undisclosed

Asking price
$10.1M
Cash flow (SDE)
$975K

Added Sep 30, 2026 · 2 weeks ago

Marketing Agency Available! - 12007 MM/KB

MN area

Asking price
$3M
Cash flow (SDE)
$872K

Added Sep 28, 2026 · 2 weeks ago

Exceptional Commercial Footprint in Historic Downtown - 12001RW

MN

Asking price
$2.5M
Cash flow (SDE)
N/A

Added Sep 28, 2026 · 2 weeks ago

Assisted Living - 12003 MM/KB

MN area

Asking price
$1.1M
Cash flow (SDE)
$360K

Added Sep 28, 2026 · 2 weeks ago

Assisted Living - 11917 SJ

MN area

Asking price
$2.5M
Cash flow (SDE)
$391K

Added Sep 10, 2026 · 5 weeks ago

Exceptional Full-Service Catering Business with Real Estate For Sale - 11678 DJCL

MN area

Asking price
$7M
Cash flow (SDE)
$1.2M

Added Sep 10, 2026 · 5 weeks ago

Metro MN Twin Cities Area Assisted Living 144G Licensed Company Available! - 11968 SJ

MN area

Asking price
$2.5M
Cash flow (SDE)
$502K

Added Sep 10, 2026 · 5 weeks ago

245D HCBS Business Available! - 11903 SJ

MN area

Asking price
$8M
Cash flow (SDE)
N/A

Added Sep 10, 2026 · 5 weeks ago

Sporting Goods & Meat Processing Retail Store (USDA Federal Stamped) For Sale - 11714 BJC

WI area

Asking price
$1.3M
Cash flow (SDE)
N/A

Added Sep 10, 2026 · 5 weeks ago

Laptop Refurbishing Business For Sale

MN area

Asking price
$2.1M
Cash flow (SDE)
N/A

Added Sep 10, 2026 · 5 weeks ago

Well-Established Highly Profitable Restaurant in Prime Mankato Location For Sale - 11759 TRM

Mankato, MN

Asking price
$2.2M
Cash flow (SDE)
$828K

Added Sep 10, 2026 · 5 weeks ago

Prime Commercial Development Opportunity - 11990MMKB

MN area

Asking price
$1.1M
Cash flow (SDE)
N/A

Added Sep 10, 2026 · 5 weeks ago

Long Established Full-Service Restaurant Available - 11884 JL

MN area

Asking price
$3.1M
Cash flow (SDE)
$257K

Added Sep 10, 2026 · 5 weeks ago

Industrial Metal Powder Coating & Sublimation Business For Sale - 11690 BJC

MN area

Asking price
$10M
Cash flow (SDE)
$1.3M

Added Sep 10, 2026 · 5 weeks ago

Highly Profitable Local & Over-The-Road Trucking Company For Sale - 11716 JL

MN area

Asking price
$3.5M
Cash flow (SDE)
$448K

Added Sep 10, 2026 · 5 weeks ago

Golf Simulator, Restaurant & Bar - Six Twin Cities Locations - 11953 MMKB

MN area

Asking price
$3.5M
Cash flow (SDE)
$583K

Added Sep 10, 2026 · 5 weeks ago

Franchise

Highly Profitable Grocery Store - 11931 DJ

ND area

Asking price
$4.5M
Cash flow (SDE)
$1.0M

Added Sep 10, 2026 · 5 weeks ago

Minnesota Manufacturer and well recognized National Brand - Real Estate Included - 11911 JDD

MN area

Asking price
$20M
Cash flow (SDE)
$3.4M

Added Sep 10, 2026 · 5 weeks ago

Towing Company with Fuel & Service - 50 Minutes South of Minneapolis - 11882 JDD

MN area

Asking price
$1.5M
Cash flow (SDE)
$218K

Added Sep 10, 2026 · 5 weeks ago

Profitable Bar/Restaurant in Duluth-Superior - 11891 SLBJH

MN area

Asking price
$2.0M
Cash flow (SDE)
$363K

Added Sep 10, 2026 · 5 weeks ago

Full-Service RV Dealership - 11929

WI area

Asking price
$3M
Cash flow (SDE)
$446K

Added Sep 10, 2026 · 5 weeks ago

HCBS-245D Company Available - 11944 SJ

MN area

Asking price
$2.0M
Cash flow (SDE)
$355K

Added Sep 10, 2026 · 5 weeks ago

Confidential - 11918 Sj

MN area

Asking price
$31M
Cash flow (SDE)
$5.5M

Added Sep 10, 2026 · 5 weeks ago

Farm Equipment Supplier with Gas Station - 11804 JDD

MN area

Asking price
$3.7M
Cash flow (SDE)
$393K

Added Sep 10, 2026 · 5 weeks ago

Turnkey Dance Studio for Sale - South of the Twin Cities Metro - 11958 TRM

MN area

Asking price
$1.1M
Cash flow (SDE)
$154K

Added Sep 10, 2026 · 5 weeks ago

High-Visibility Highway 12 Gas Station & Multi-Tenant Opportunity - 11999JDD

MN area

Asking price
$2M
Cash flow (SDE)
$614K

Added Sep 10, 2026 · 5 weeks ago

Profitable Concrete Contractor - 11993MMKB

MN area

Asking price
$1.3M
Cash flow (SDE)
$339K

Added Sep 10, 2026 · 5 weeks ago

Premier Full-Service Catering & Food Production - Twin Cities Metro - 11955 CL

MN area

Asking price
$4.8M
Cash flow (SDE)
$897K

Added Sep 10, 2026 · 5 weeks ago

Northern MN Lawn & Garden Retailer/Svc - 11876 SLBJH

MN area

Asking price
$1.5M
Cash flow (SDE)
$283K

Added Sep 10, 2026 · 5 weeks ago

Mille Lacs Lake Marina + 67 acres, Turn Key Business Opportunity - 11874 MB

MN area

Asking price
$1.9M
Cash flow (SDE)
N/A

Added Sep 10, 2026 · 5 weeks ago

Established Regional Transportation Company For Sale - 11960 MMKB

ND area

Asking price
$16M
Cash flow (SDE)
$2.8M

Added Sep 10, 2026 · 5 weeks ago

Treatment Center - 11887 DJCL

MN area

Asking price
$8.8M
Cash flow (SDE)
$897K

Added Sep 10, 2026 · 5 weeks ago

Commercial Electrical Contractor - 11989SDJD

MN area

Asking price
$1.2M
Cash flow (SDE)
$338K

Added Sep 10, 2026 · 5 weeks ago

PRICE REDUCED: Turnkey Business Opportunity on 35 Acres - Your Path to Success! - 11824 BJC

WI area

Asking price
$3.6M
Cash flow (SDE)
$119K

Added Sep 10, 2026 · 5 weeks ago

Long-Established Meat Market with Great Reputation For Sale - 11708 JU

ND area

Asking price
$5.5M
Cash flow (SDE)
$813K

Added Sep 10, 2026 · 5 weeks ago

Metro MN Twin Cities Assisted Living 144G Licensed Business Available! - 11967 SJ

MN area

Asking price
$5.4M
Cash flow (SDE)
$1.3M

Added Sep 10, 2026 · 5 weeks ago

HCBS 245D & AL Licensed Provider for Sale! - 11976SJ

MN area

Asking price
$1.1M
Cash flow (SDE)
$209K

Added Sep 10, 2026 · 5 weeks ago

SHELL Gas Station + Multi-Bay Car Wash on Two Parcels | Turn-Key, Cash-Flowing, Value-Add | 2 hr 40 min West of Minneapolis, MN - 11901 JDD

MN area

Asking price
$1.6M
Cash flow (SDE)
$179K

Added Sep 10, 2026 · 5 weeks ago

Highly Profitable Grocery Store - 11932 DJ

ND area

Asking price
$1M
Cash flow (SDE)
$210K

Added Sep 10, 2026 · 5 weeks ago

Family-owned Slaughterhouse and Butcher Shop Available! - 11966 JL

MN area

Asking price
$2.1M
Cash flow (SDE)
$247K

Added Sep 10, 2026 · 5 weeks ago

MN Home and Community-Based Services (HCBS) Business Available! - 11970 SJ

MN area

Asking price
$3.0M
Cash flow (SDE)
$526K

Added Sep 10, 2026 · 5 weeks ago

High-Profit Gas Station + Liquor Store Combo 2.5 Hr West of Minneapolis! - 11859 JDD

MN area

Asking price
$1M
Cash flow (SDE)
$187K

Added Sep 10, 2026 · 5 weeks ago

Established Healthcare Supplier Available! - 11870 DJCL

MN area

Asking price
$1.1M
Cash flow (SDE)
$505K

Added Sep 10, 2026 · 5 weeks ago

Established HCBS 245D licensed business for Sale! - 11975SJ

MN area

Asking price
$1.4M
Cash flow (SDE)
$593K

Added Sep 10, 2026 · 5 weeks ago

Frequently Asked Questions

Calhoun Companies works with small- to mid-sized businesses across virtually every industry. Its specialized M&A division handles complex mid-market transactions involving larger infrastructures, proprietary technologies, and corporate legal complexities.

Calhoun Companies markets businesses to a vetted buyer pool to encourage competing offers. The firm also uses its network to identify acquisition opportunities for buyers. It assists buyers throughout the purchasing process.

Calhoun Companies evaluates current and forecasted performance alongside tangible and intangible assets. It examines customer concentration, intellectual property, proprietary technology, local brand equity, owner involvement, and niche market position. The firm also considers ways to improve business value.

Calhoun Companies charges no upfront seller fees. The firm earns performance-based compensation upon a successful transaction.

Calhoun Companies serves Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota within its upper Midwest market. The firm extends its reach worldwide. It supports national marketing through partnerships with the International Business Brokers Association and M&A Source.

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