After over three decades of ownership, the Seller felt it was time to retire and simply their life. Ramona Cafe had become an institution in the small town of Ramona and became famous when it was featured on Diners, Drive-Ins, and Dives. Vanguard Resource Group was retained to find a buyer who would carry on the tradition of providing high-quality meals and great service at reasonable prices. After extensive marketing, VRG identified a buyer with a strong restaurant background and had even owned a similar diner in Del Mar years before. The buyer purchased both the diner as well as the real estate, which were both pre-approved by an SBA-preferred lender. By purchasing both the business and the real estate, the Buyer was able to lock in their occupancy costs and avoid future escalations related to renting.
Next time you are up in Ramona or on your way to Julian, stop in and have a meal or pick up one of their legendary cinnamon rolls! VRG, the leader in the sale of San Diego businesses, wishes much success to the new owner and a happy retirement to the seller.