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.
While the details of a private business sale is not public information, VRG reported that the transaction value was in the range of $100-500k