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