VRG assists local law firm with appraisal

San Diego, CA, United States– Vanguard Resource Group, a full service business brokerage and appraisal firm, recently performed an appraisal for a prominent local law firm.

The law firm, which prefers not to be identified, needed a second opinion of value for a business that was part of a divorce mediation.

“We were asked if we could do a quick valuation and have it ready for their mediation the following week” stated Ken Oppeltz, Managing Principal of Vanguard Resource Group.  “While we typically need a bit more time, we value our relationships with our attorney and CPA partners, so did what we needed to do, and provided the valuation two days prior to their mediation.”

VRG assists buyers, sellers, CPA’s, Attorney’s, and other advisors identify the value of privately held companies. VRG can perform quick and inexpensive Market Data Comparable & Most Probable Selling Price Reports.

VRG completes sale of Cal’s Auto to industry buyer

Escondido, CA, United States– Vanguard Resource Group, a full service business brokerage and appraisal firm, recently facilitated the sale of a local auto repair facility to an industry buyer.

Cal’s Auto, based in Escondido California, had a great reputation in the north San Diego inland area. But Cal was looking to retire and had tried unsuccessfully to sell his company on his own. Cal just happened to ask a local real estate agent if she knew of any business broker, she did, and the introduction to VRG was made.

“Cal’s facility was top notch, but Cal was retiring, so we knew we needed to find a buyer experienced in auto repair” stated Dave Haug, Senior Associate of Vanguard Resource Group.

Vanguard Resource Group, through its marketing effort and relationships with other professional business brokers, identified an industry veteran looking to expand.  He loved the facility, the reputation, and VRG closed the transaction from start to finish in just three months.

VRG closes sale of trailer dealership

San Diego, CA, United States– Vanguard Resource Group is pleased to announce the successful sale of a prominent southern California trailer dealership. Vanguard Resource Group represented both the buyer and seller in the transaction.

The seller is a well-known retailer of utility, horse, construction, and specialty trailers serving all of southern California and much of the Southwest. With a strong reputation and over 20 years in business, the company generated interest from multiple investors. However, given the uniqueness of the business, the seller was searching for a buyer with some related experience that could take the business to the next level.

Ken Oppeltz, Managing Principal of Vanguard Resource Group, stated “Because of the strong financial results, the company generated a lot of interest. But we were able to identify a buyer with vehicle dealership experience, both in operations and in sales management. Since the seller owned the real estate and would be the buyer’s new landlord, it was important to find just the right buyer. We think this deal was a win-win for both parties”

United Fastener sold to private equity firm

San Diego, CA, United States– Vanguard Resource Group, a full service business brokerage and appraisal firm, recently facilitated the sale of a local industrial fastener company to a Canadian private equity firm.

When United Fastener, a San Diego based distributor of fasteners, decided to sell, they engaged Vanguard Resource Group to sell their business.

“It’s not often we get a chance to represent a 42 year old industrial products company, especially one that has been family owned and passed from father to son. We felt honored to have been entrusted with the sale of the family’s biggest asset.” stated Bill Lange, Managing Principal of Vanguard Resource Group.

When marketing the business, Vanguard Resource Group identified several potential buyers. But in the end, the seller felt the best combination of price and terms came from a Canadian based private equity firm. While being the first acquisition in California for a private equity firm was not easy, the parties and their attorney’s worked closely together to facility both a good transaction and a well thought out transition plan.

Nannell’s and Food Factory sold to owner/operators

Rancho Bernardo, CA & Lemon Grove, CA.  United States– Vanguard Resource Group, a full service business brokerage and appraisal firm, recently sold two small “main street” businesses to local owner/operators

Nannell’s Florist, based in the Mercado shopping center in Rancho Bernardo, was a long-time favorite for many north county inland residents. But when the seller got engaged, then married, then decided to have a baby, she knew it was time to move on. While many bigger players including very well-known shops showed interest, the facility and community was best served by an owner/operator. VRG through its marketing efforts identified a buyer who was in the floral industry, but working from her home. Nannell’s proved to be an excellent next step for the buyer to transition from a home based operation to a retail storefront. Now named Cozy Posies, the owner is working hard to combine the traditional florist shop with specialty events and weddings.

Food Factory was a 42 year old diner located in Lemon Grove, California. Seating just 30 guests and the customers enjoying seeing the owner behind the grill, VRG knew they had to find an owner/owner with both experience and personality. The business was sold to a husband/wife chef team, renamed the Bleu Whisk, and is enjoying great review on Yelp.com.

VRG has sold businesses valued between $100k and $30MM. VRG provides “Wall Street” services for “Main Street” businesses.

Mango Mango’s signs lease in La Jolla

La Jolla, California.  United States– Vanguard Resource Group, a full service business brokerage, commercial leasing and appraisal firm, recently represented the tenant, Mango Mango’s in a new lease.

Mango Mango’s is a new Mexican juice and sandwich concept. They will occupy approximately 1100 square feet at 627 Pearl Avenue, La Jolla California.

Jose Bravo, Vanguard Resource Group Principal and their Director of Leasing stated “This site was formerly El Pescado and has not been available for about 30 years.”

Terms of this lease were not made available