Darrel Damhof
Murphy Business & Financial Corporation
License Number: 40318144
Phone: Show Phone Number
Contact Broker

250 Prairie Center Drive, Suite 210
Eden Prairie, Minnesota 55344
(View Map)
Affiliated Broker
Patrick Steffl
About the Company
Murphy Business and Financial Corporation is one of the largest and most trusted business brokerage firms in North America. Patrick is owner of Murphy Business of Minnesota, LLC
Broker Biography
Introduction
Darrel has 40 years of business and banking experience which includes over 32 years in management. He spent 25 years with Norwest Bank (now Wells Fargo Bank). In the first 18 years, he worked in commercial banking where he provided credit and non-credit services to small, medium, large and multinational corporations. During this time Darrel managed three different commercial banking divisions. In his last 8 years at Norwest, he managed an institutional trust department with 7 different business units that had annualized growth of 22% in revenue and over 40% in profits. Over the next decade, Darrel became an entrepreneur and at one point was involved in the ownership and management of three different businesses. He has managed through a variety of economic times in both banking and business ownership.
Darrel has his Bachelor’s Degree in finance from the Carlson School of Management (University of Minnesota). He is also a graduate from the Graduate School of Credit & Financial Management at Williams College in Williamstown, MA. Darrel and his wife, Jo, live in Plymouth, MN and have two grown children. He is a golf enthusiast and has played a number of courses throughout the US and in Ireland and Scotland.
Services Provided
Darrel understands both the excitement and the stresses of business ownership. He has seen businesses from both sides of the desk and can be a real asset to the business owner making his plans for the future whether that includes selling his business or expanding it.
Darrel can help you properly value your business, will put together the marketing package to present your business to qualified buyers, and can help facilitate the discussion with the buyer's bank to finance the transaction.
Areas Served
Licensed In
- Minnesota — License number 40318144
Business For Sale Listings
Cash Flow: $83,399
Ramsey Co., MN
View Details East Metro Highly Rated Auto Repair-Growth Potential
This Eastern metro 4.9 CarFax rated auto & truck repair business has GREAT OPPORTUNITY FOR GROWTH as the owner has worked the business by himself on purpose despite having the room and equipment to have an additional 3 technicians utilizing the 7 available stalls. The business is located in a 4,475 square foot building with outside parking. The business has been in the same location for over 30 years and has a very loyal customer base. The right buyer should be able to significantly increase the revenue and profitability of the business by adding technicians and adding additional advertising including a website. Less
Cash Flow: $142,354
Minnesota
View Details 2 Months - 5 New Stylists - $50,000 of New Sales!
5 Experienced hair stylists were added in June to this successful salon. All 5 expect their clients to come with them as their old salon closed down. The owner expects revenue will increase by $28,000 to $30,000 PER MONTH!! This is a highly Google rated full service salon and spa provides hair care, nail care, skin care, and massages. It has great opportunity to grow as there is still plenty of physical room to add more stylists at the location in addition to continued local population growth with higher household incomes. In addition to the 14 stylist stations, the 5 shampoo chairs, and the 4 dryer chairs, there are massage tables & chairs, pedicure chairs, and all the other equipment and facilities that can provide quality salon & spa experience to their clients. These personal services are offered in an attractive setting that was remodeled just a few years ago. Less
Cash Flow: $74,015
Dakota Co., MN
View Details Rental Rugs Business for Sale
THIS IS A GOOD OPPORTUNITY FOR A COMPANY THAT IS ALREADY IN THE RUG RENTAL BUSINESS. The right buyer can add customers and over 2,000 rugs. This business has been renting rugs out to companies since 1975. The rugs vary in size from 3 X 4 up to 4 X 10 and are replaced with clean rugs every two weeks. They currently have over 900 rugs out at 130 commercial customer locations. Less
Dan Bauer has been involved in business since growing up in Iowa in a farming community. His grandfather and father were Implement dealers and farmers. After high school Dan attended college in Iowa, than joined USAF. Dan started his business career in Colorado starting up his first Automotive Detail Shop which led to car wash ownership; Exterior tunnel washes, Full Service car Washes and Self Serve/Automatic washes. After the sale of his last car wash 18 years ago Dan has been involved with Business Brokerage in Minnesota, Wisconsin, Iowa and South Dakota. Dan has completed hundreds of transactions over the years in Manufacturing, Distribution, Service companies from multiple industries, Food & Beverage, Retail, Franchises and commercial property. Dan and his wife live in Minnesota. They have 2 children, 1 granddaughter & 1 grandson.
Jacob is a business intermediary with Murphy Business of Minnesota. He brings over a decade of accounting and small business consulting experience to the table, giving business sellers insights into how much their business is worth, and how they can improve their chance of sale and receiving their purchase price. For those wishing to buy a business, Jacob brings his own experiences of buying/starting businesses to the conversation with a savvy eye for the details that may mean the difference between a successful venture and something less desirable. Jacob has owned and operated 6 businesses and has served as Treasurer on half a dozen boards. He is excited to help you transition out of your current business, or move into a new one.
Darrel has 40 years of business and banking experience which includes over 32 years in management. He spent 25 years with Norwest Bank (now Wells Fargo Bank). In the first 18 years, he worked in commercial banking where he provided credit and non-credit services to small, medium, large and multinational corporations. During this time Darrel managed three different commercial banking divisions. In his last 8 years at Norwest, he managed an institutional trust department with 7 different business units that had annualized growth of 22% in revenue and over 40% in profits. Over the next decade, Darrel became an entrepreneur and at one point was involved in the ownership and management of three different businesses. He has managed through a variety of economic times in both banking and business ownership. Darrel has his Bachelor’s Degree in finance from the Carlson School of Management (University of Minnesota). He is also a graduate from the Graduate School of Credit & Financial Management at Williams College in Williamstown, MA. Darrel and his wife, Jo, live in Plymouth, MN and have two grown children. He is a golf enthusiast and has played a number of courses throughout the US and in Ireland and Scotland.
Dennis entered the Business Brokerage field after spending 27 years in the tire and auto repair business. Working for a Tires Plus Franchisee, Dennis purchased his first franchise in 1998. Throughout the years he has owned seven different locations including a number of the business properties. He is experienced in all aspects of business operations including retail operations, inventory control, purchasing, lease negotiations, payroll management and marketing. Using his small business ownership knowledge, he enjoys working together with both buyers and sellers to meet their needs and ensure success on one of their biggest decisions in their life. In addition, Dennis was selected as a member of Michelin Independent Dealer Association Council (2007-2014) where he worked side by side with the executives of one of the world’s largest tire manufactures to improve and grow the relationship between Michelin and the Independent Tire Dealers nationwide.
As a Business Broker/Advisor and former business owner, my goal is to help other business owners exit their business for top dollar. Our team of Murphy specialists work together, on your behalf, to get you the best deal possible. http://broker.bizbuysell.com/a19324
David has spent most of his life living in Minnesota. Over the years, he has developed a strong understanding of the Minnesota marketplace. While in his senior year at St. Cloud State University he secured his first SBA loan and built a car wash and detail shop which opened in the fall of 1986. He then graduated in 1987 with a Bachelor of Science degree. He sold his first business in 1995 and secured his second SBA loan to buy an auto repair business. Not being a mechanic, he had to quickly learn the ins and outs of the industry. After 9 years and a successful run of growth, he sold the repair business in 2004. From there he went on to be a growth consultant for other repair shops before joining Murphy in 2014. David’s real life education in entrepreneurship brings a wealth of usable value to current business owners who are looking to grow, turn around, or exit their business. He loves business and helping people achieve their dreams. His experience makes him an excellent choice to help your business in whichever direction you’re moving. David lives in the St. Cloud area with his wife of 29 years. He is an avid hunter who loves getting outside with his dogs. He also enjoys woodworking, boating, traveling, and spending as much time with his friends and family as possible.