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Business Insider

Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Paul’s Bakery in Fredericksburg for sale

An iconic Fredericksburg bakery that has been in business for more than 40 years is for sale.

Paul’s Bakery is on the market for $750,000. The Glancy family, which owns the business, hired local appraiser and Realtor Chris Kaila of Exit Professional Real Estate to field all inquiries and broker the sale.

Paul’s, which is best known for its donuts, recently celebrated its 40th anniversary. The owners are now looking to retire, said Kaila, who called the bakery “a great opportunity” for a buyer.

Paul’s is at 2008 Lafayette Blvd. in the city. The buyer of the business will also be asked to lease the 4,700-square-foot space where Paul’s currently operates. The Glancy family owns that real estate.

The sale will include all rights to the bakery’s name, recipes, furniture, fixtures and equipment. The Glancys will help with the ownership transition.

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