Biz Buzz, July 3, 2011

Larry Phillips thought turning 60, with a quarter-century of mining precious metals under his belt, would bring retirement to Arizona.

Instead, he gets Yogo Mojo and a return to Grand Junction. Retirement will wait as he opens a frozen-yogurt shop on the ground floor of Mesa State College’s North Avenue dormitory.

During a trip to Arizona a couple of years ago with brother-in-law Kevin Motes, a Fruita Monument High School and Mesa College alum, the two experienced a self-serve frozen-yogurt shop. Soon after, they were researching the business, and “the more we looked into this ... we decided to give this a shot,” Phillips said.

This being their own, independent, self-serve frozen-yogurt store, with Motes opening a Yogo Mojo in Littleton, and Phillips opening one in Grand Junction, where he attended Mesa College in the late 1960s and remained in town until moving to Denver in the 1980s.

Motes opened the Littleton store May 1, and, Phillips said, “Kevin’s store already has been hugely successful.”

Phillips is targeting early August for his opening at 950 North Ave., Suite 104. The drop-dead opening date, he said, will be “by the time the college and high schools are in session.”

Phillips will have six self-serve machines with 12 flavors of frozen yogurt. Customers then can choose from more than 50 toppings at an island bar before taking their creation to the checkout to weigh and pay. The cost will be 39 cents per ounce.

The Spine & Injury Center of Grand Junction will open Tuesday in a new location, 550 Patterson Road, Suite A, and will be joined once again by WorkPartners occupational health and safety services.

The two worked side by side in recent years at 2352 N. Seventh St., Suite A, and remaining together keeps things simple and easier for patients because they can be treated under one roof, said Dr. Chris Angello of the Spine & Injury Center.

The new home offers more room, 7,000 square feet compared with the previous 4,500 square feet, plus room to grow the business, which provides services such as chiropractic care, massage therapy, acupuncture, decompression therapy and class IV laser therapy, Angello said.

Patients, he added, will appreciate there no longer is a staircase to navigate, and the new layout is nicer.

MVM Mortgage Group owners Dave and Mandy Vindiola and Gwen DeCino weren’t looking to sell their business at 321 Rood Ave. when California-based CMG Mortgage came knocking about a year ago. But the trio was seeing increasing success with a CMG product they started offering five years ago — the Home Ownership Accelerator loan, which CMG patented — and they saw the advantages of increasing their loan product line locally through CMG, Dave Vindiola said.

So, CMG Mortgage completed the purchase June 13.

MVM’s six employees remain, and Dave Vindiola said another thing that set MVM apart will remain under the new ownership: mortgage planning. In addition to originating mortgages, it provides mortgage planning thereafter as a form of financial planning.

“We want the people we work with to understand how a mortgage can enhance their overall financial well-being,” he said.

Vindiola said MVM Mortgage Group began offering CMG’s HOA loans about five years ago “and very successfully the last two years.” He said the company did 25 HOA loans last year after doing about five to 10 per year in previous years.

Goodbye CitiFinancial; hello OneMain Financial. The name change for more than 1,300 Citi- Financial locations nationwide became official Friday for the lender, which has a branch at 569 32 Road, Suite 13B, in Grand Junction.

The name is the only thing that’s changing, branch Manager Jen Nichols said. The products and services remain the same, as do the location’s three employees: Nichols, Libby Raisch and Cynde Carver.

OneMain Financial will celebrate its name change with a launch celebration July 15, and it will have a sweepstakes throughout the month, culminating in a prize drawing for a Panasonic Blu-ray player.


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